News Details
Formula 1's cost-cutting proposals approved by FIA
Formula 1's plan for cost-cutting measures has been approved by the sport's governing body the FIA. The changes to the sporting, technical and financial regulations were passed by e-vote at Wednesday's world motorsport council meeting. It was "due to the need to reduce costs and safeguard the sport in light of the Covid-19 pandemic", said a statement. F1 had previously agreed to introduce a budget cap for the 2021 season, but these new measures go further. Last Friday teams voted to accept a plan to lower the budget cap to be introduced next year by $30m to $145m (£114m). This will be reduced again to $140m in 2022 and $135m for the period 2023-25. This is one of a series of...
Full Story »
Full Story »
You May Also Be Interested In...
F1's big cost-cutting changes approved
F1's big and wide-ranging package of cost-cutting measures - headlined by...
5y ago from SkySports.com
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap...
5y ago from GrandPrix247.com
F1 to unveil huge cost-cutting package, including...
Formula 1 teams have reportedly signed off on a huge package of...
5y ago from MotorsportWeek.com
F1 teams approve radical cost-cutting measures
Formula 1 teams have approved major cost-cutting changes aimed at helping...
5y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta fired up for KTM’s new aero package in...
No description available...
11h ago from Motorsport.com
MotoGP is making Formula 1’s mistakes – Casey...
No description available...
13h ago from Motorsport.com
Marc Marquez quickest again in second Austria MotoGP...
Championship leader Marc Marquez continued his dominant form by topping...
14h ago from MotorsportWeek.c...
What Yamaha's commitment to Alex Rins means for Miguel...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
1d ago from MotorsportWeek.c...
Winners and losers from IndyCar’s Portland 2025...
No description available...
4d ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
4d ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
23h ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
2d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
3d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Popular On GunnersToday.com
Real Madrid Transfer News Roundup: Manchester City...
Real Madrid welcome Osasuna to the Santiago Bernabeu on Tuesday, August...
23m ago from SportsKeeda.com
Manchester United vs Arsenal Prediction and Betting...
The Premier League features a clash between two of the competition's...
10h ago from SportsKeeda.com
Arteta: This is the most difficult Premier League...
Arsenal manager Mikel Arteta believes the Premier League competition is...
12h ago from SkySports.com
Ruben Amorim warns Arsenal new signing 'is ready' to...
Manchester United manager Ruben Amorim has said that new signing Benjamin...
16h ago from CaughtOffside.com
Comments
Hottest News
Max Verstappen leaves presenter stunned in 'eye-opening'...
Max Verstappen has a new mega fan after a recent... Read More »
23m ago from RacingNews365.com
Horner and Perez tipped for reunion in stunning F1 transfer...
Axed Red Bull boss Christian Horner has been... Read More »
9h ago from GPFans.com
Formula E: Former McLaren test driver appointed as Cupra...
After a strong campaign in the 2024/2025 Formula... Read More »
3h ago from F1Technical.net
