News Details

Wolff: Mercedes may consider other categories

Toto Wolff says Mercedes may consider joining other categories as the 2021 budget cap will leave them with surplus personnel. The new regulations will limit teams to spending no more than $145 million for the 2021 season. The cap will then be reduced to $14omillion for 2022 before staying at $135million from 2023 to 2025. Wolff, the team boss, feels that these changes make remaining in the sport more financially feasible for Mercedes and their competitors. 'First of all, we're living in a financial reality that is very different to pre-COVID-19, and we have accepted the lower budget cap and it is a must that successful F1 franchises earn money rather than lose money,' he told Autosport....
Full Story »
5y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Wolff: Motorsport has to reduce entry-level costs

Mercedes boss Toto Wolff believes motorsport has to become “much more...
5y ago from MotorsportWeek.com

Daimler denies rumours: 'Wolff remains team boss of...

According to several rumours, Toto Wolff would leave after the 2020...
5y ago from GPBlog.com

Ecclestone doesn't support budget cap: 'It's been...

As of 2021 there will be a budget cap that Formula 1 teams will have to...
5y ago from GPBlog.com

Horner: 'F1 shouldn't become an accounting...

Last week the teams and Formula 1 agreed on the budget cap that will be...
5y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Trackhouse boss reveals steps MotoGP must take to...

Trackhouse owner Justin Marks has revealed how he plans to promote his...
17h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Thierry Neuville crashes out of Croatia lead in final...

A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...

Popular On GunnersToday.com

Report: Arsenal and Chelsea locked in tug-of-war for...

Como’s promising young defender Jacobo Ramón has emerged as one of the...
44m ago from CaughtOffside.com

Arsenal 0-0 Sporting: Gunners lean into their real...

Match report – Player ratings – Arteta reaction Arsenal are...
44m ago from Arseblog.com

'Lack basic footballing IQ', 'Should feel so...

Arsenal fans are furious with Noni Madueke and Gabriel Martinelli despite...
7h ago from SportsKeeda.com

'Who cares what people think' – Arsenal star...

Arsenal secured their place in the Champions League semi-finals for the...
9h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.