News Details
Wolff: Motorsport has to reduce entry-level costs
Mercedes boss Toto Wolff believes motorsport has to become “much more affordable” at every level, in the wake of Formula 1 introducing a budget cap. Formula 1 chiefs have agreed to reduce costs from 2021, limiting annual spending to $145m, a figure which will lower to $135m by 2023. But the cost of competing in junior categories remains high for aspiring Formula 1 drivers. ADVERTISEMENT While budgets vary depending on the team and the services included, it is understood that leading Formula 2 teams need around $3m from a driver, with the figure standing at $1m for Formula 3. Related Posts Perez and Gasly join virtual grid for Azerbaijan June 4, 2020 Technical Insight: The 2021...
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Horner: I just hope we don't become an accounting...
Red Bull team principal Christian Horner has said that he hopes the new...
5y ago from GrandPrix247.com
Motorsport must be cheaper to be more inclusive - Wolff
Motorsport needs to become cheaper at a grassroots level in order to be...
5y ago from Racer.com
Domenicali: Fernando would give Formula 1 another level
Formula 1 would be the winner if double world champion Fernando Alonso...
5y ago from GrandPrix247.com
Redline: FIA, teams agree to cost cap and more
The FIA and Formula 1 teams have apparently agreed on the following issues...
5y ago from TheParcFerme.com
Elsewhere On The Network
Popular On MGPToday.com
Fermin Aldeguer to miss MotoGP season opener in...
Gresini Ducati has confirmed Fermin Aldeguer will miss the opening round...
9h ago from MotorsportWeek.c...
Fermin Aldeguer to miss Thai GP, Gresini names...
No description available...
9h ago from Motorsport.com
Marco Bezzecchi satisfied with ‘smaller’...
Marco Bezzecchi admits the Aprilia bike has slightly improved “in all...
11h ago from MotorsportWeek.c...
Davide Brivio: Trackhouse looking to remain Aprilia's...
Team boss Davide Brivio has revealed that Trackhouse Racing is looking to...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
2h ago from MotorsportWeek.c...
IndyCar announces historic multi-year deal with...
No description available...
7h ago from Motorsport.com
IndyCar announces multi-year extension with engine...
The NTT IndyCar Series has announced a long-term continuation with both...
6h ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Sweden: Oliver Solberg sets the pace to grab early...
No description available...
2h ago from Motorsport.com
Low snowfall throws up extra curveball for WRC crews...
No description available...
5h ago from Motorsport.com
Martins Sesks sets out target ahead of WRC return
No description available...
5h ago from Motorsport.com
Dacia announces exit from Rally-Raid, rules out 2027...
No description available...
8h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal drop more title-race points with draw at...
Arsenal missed the chance to re-establish their six-point lead at the top...
17m ago from SkySports.com
Report: Arsenal looking to bring 22-year-old back to...
Arsenal and Chelsea are reportedly interested in signing the Nottingham...
1h ago from CaughtOffside.com
Arsenal and Real Madrid enter transfer tug-of-war for...
Arsenal and Real Madrid are interested in signing the Borussia Dortmund...
1h ago from CaughtOffside.com
Reort: Arsenal very keen on signing 18-G/A Brazilian...
Arsenal are reportedly interested in the Barcelona attacker Raphinha. ...
2h ago from CaughtOffside.com
Comments
Hottest News
Mercedes F1 co-owner apologises for ‘offensive’ comment...
One-third owner of the Mercedes F1 team Jim... Read More »
47m ago from GPFans.com
Lewis Hamilton finally breaks his silence on Kim Kardashian...
Seven-time champion Lewis Hamilton has finally... Read More »
3h ago from GPFans.com
Leclerc remains cautious despite setting the benchmark time...
Completing a full day of running at the wheel of... Read More »
37m ago from F1Technical.net
