News Details
Budget cap could help drive Mercedes into other series
The cost cutting that will be required because of the introduction of F1's budget cap in 2021 could mean Mercedes will diversify into other motorsport championships in the future. That's according to team principal Toto Wolff, who says that diversification might be the only way for large F1 teams like Mercedes and Ferrari to continue in their current form without having to let hundreds of key personel go. From next season, all teams will have to operate within a budget of $145 million, which will be progressively further lowered over the following seasons until it stabilises at $135 million for 2023-25. Wolff accepts the need for the reduced figures in the wake of the shock to the sport...
Full Story »
Full Story »
You May Also Be Interested In...
Off Camber: Daniel Abt, Lorenz Hörzing and...
Although motorsport has been on a COVID-19 inspired hiatus since March....
5y ago from GrandPrix247.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
W Series scraps entire 2020 season due to pandemic
W Series announced on Thursday that it has canceled its entire 2020...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Watch: “Feels like yesterday” - Alex Criville...
No description available...
1h ago from Motorsport.com
Liberty Media given “unconditional” green light...
No description available...
19h ago from Motorsport.com
EU approves Liberty Media's purchase of MotoGP and...
Liberty Media has received unconditional approval from the European...
19h ago from MotorsportWeek.c...
Fabio Di Giannantonio ecstatic with ‘dream' and...
Fabio Di Giannantonio secured his second Grand Prix podium of the 2025...
20h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
How a “grumpy” Alex Palou ended up thankful for...
No description available...
13h ago from Motorsport.com
Winners and Losers from IndyCar’s Road America...
No description available...
1d ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
1d ago from MotorsportWeek.c...
Santino Ferrucci hangs on for Road America podium,...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
5d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arteta wants signing wrapped up before pre-season...
Arsenal manager Mikel Arteta wants the club to sign Viktor Gyokeres before...
1h ago from CaughtOffside.com
'Heartbroken' Arsenal target has informed club of...
Transfer journalist Fabrizio Romano has provided an update on the...
17m ago from CaughtOffside.com
Report: Arsenal hold talks for Chelsea target who is...
Arsenal are interested in signing the West Ham United attacker Mohammed...
2h ago from CaughtOffside.com
Arsenal ready to sign 'special' player; Berta working...
Arsenal are very keen on signing Rodrygo Goes from Real Madrid during the...
3h ago from CaughtOffside.com
Comments
Hottest News
Ferrari don't trust Lewis Hamilton after Austrian Grand...
Ferrari's latest driver switch announcement may... Read More »
3h ago from GPFans.com
Lindblad tests F1 car at Imola
No description available... Read More »
57m ago from GrandPrix247.com
Red Bull's future could be ‘difficult' – Vettel
Jun.24 Sebastian Vettel is less pessimistic... Read More »
1h ago from OneStopStrategy.com
