News Details
Budget cap irrelevant to Haas' future
Haas principal Guenther Steiner says the team's owner Gene Haas will decide whether or not to stay in F1 based on the new commercial agreement, not a budget cap. In response to the current financial strain on the Formula 1 teams, an agreement was reached to reduce the budget cap which will arrive next season from $175m to $145m per season. There will also be further cost-cutting measures introduced, including limits and sliding scales on the amount of time that teams can spend in the wind tunnel for development. But these financial controls don't interest Gene Haas, instead he wants to see the new commercial agreement for next year before deciding on the team's F1 future. 'Formula 1 has...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Steiner: 'The budget cap will hopefully attract new...
The Formula 1 teams have agreed to a budget cap that will need to be...
5y ago from GPBlog.com
Steiner: Budget cap is 'stake in the ground' for new...
Haas team boss Guenther Steiner says the formal introduction of a budget...
5y ago from F1i.com
FIA ratifies reduced budget cap for 2021, further cut...
Formula 1’s budget cap has been reduced for the 2021 season
following a...
5y ago from MotorsportWeek.com
Renault CEO: We intend to stay in Formula 1
Renault intends to keep its team in Formula 1, interim CEO Clotilde...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Carlos Ezpeleta: 'We are in hurry to lay foundations...
No description available...
16h ago from Motorsport.com
How Jorge Lorenzo is pushing Maverick Vinales beyond...
No description available...
1d ago from Motorsport.com
Ducati will continue racing its unbeatable 2024 engine...
No description available...
2d ago from Motorsport.com
Can Johann Zarco match factory Honda duo Joan Mir and...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Understanding IndyCar's new deal with Chevrolet and...
No description available...
8h ago from Motorsport.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
4d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
3d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar, signs with Dale...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
17h ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
1d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
1d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Saka set to miss out on Arsenal captaincy as insider...
Arsenal are reportedly in talks with club captain Martin Odegaard...
5h ago from CaughtOffside.com
Wolverhampton Wanderers vs Arsenal Prediction and...
Wolverhampton Wanderers will host Arsenal at the Molineux on Wednesday in...
7h ago from SportsKeeda.com
Player ratings: Arsenal 4-0 Wigan
Arsenal advanced to the last 16 of the FA Cup with a convincing win over...
7h ago from FreshArsenal.com
Arsecast Extra Episode 681 – 16.02.2026
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
16h ago from Arseblog.com
Comments
Hottest News
Breaking: Red Bull chief designer steps down on eve of F1...
Red Bull has confirmed the departure of its chief... Read More »
9h ago from RacingNews365.com
Aston Martin make radical choice ahead of second Bahrain F1...
F1 testing resumes this week from the Bahrain... Read More »
11h ago from RacingNews365.com
Lewis Hamilton names the sport he is 'terrified' of trying
Seven-time champion Lewis Hamilton has revealed... Read More »
5h ago from GPFans.com
