News Details
Brawn: Reduced budget cap helped retain big teams in F1
Formula 1 chief Ross Brawn believes the sport would not have retained all its manufacturers had it not reduced its budget cap for 2021. Teams were initially set to deal with a spending limit fixed at $175 million, but the onslaught of the coronavirus pandemic and its economic impact on F1 forced an additional cut-back to $145 million. Brawn reckons that change was crucial in convincing all manufacturers to remain in the sport. "This crisis gave us the opportunity that we knew the budget cap always would," Brawn said, speaking at this week's FIA eConference. "Once you set a budget cap, you can always adjust it. Before this ever happened, we said that if we ever have a crisis...
Full Story »
Full Story »
You May Also Be Interested In...
Reduced Budget Cap Could Tempt New Manufacturers to...
The reduced budget cap being introduced into the Formula 1 regulations...
5y ago from TheCheckeredFlag....
''Without the lower budget cap, we would have had...
Ross Brawn, Chase Carey and the Liberty Media team have done their utmost...
5y ago from GPBlog.com
Racing Point: 'Budgetcap will only have a real impact...
From 2021 there will be a budget cap in Formula 1. From that moment on,...
5y ago from GPBlog.com
F1 couldn't have retained manufacturers without budget...
As the world ponders the inevitable financial meltdown that is almost...
5y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia ‘surprised but happy’ ahead of...
Francesco Bagnaia admitted he was “surprised but happy” about the...
1d ago from MotorsportWeek.c...
Fabio Quartararo reveals Yamaha is still “missing...
Fabio Quartararo revealed Yamaha was still “missing quite a lot” from...
2d ago from MotorsportWeek.c...
Why the numbers show Aprilia’s threat to Ducati is...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou’s Indy 500 win immortalized on...
Alex Palou’s likeness has been added to the iconic Borg-Warner Trophy,...
4d ago from MotorsportWeek.c...
Ryan Hunter-Reay joins Arrow McLaren for 2026...
No description available...
1w ago from Motorsport.com
Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500
Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
On this day in 1995, Colin McRae became the UK’s...
No description available...
2d ago from Motorsport.com
Why Lancia is returning to WRC in Rally2 and what it...
No description available...
5d ago from Motorsport.com
How Adrien Fourmaux’s WRC Japan exit proves mental...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
“People don’t mention him anymore” - Micah...
Micah Richards believes Jurrien Timber’s ‘exceptional’ performance...
31m ago from SportsKeeda.com
“You are the best” - Eze, Rice and Saka react as...
Arsenal star Gabriel Magalhaes has taken a dig at Tottenham Hotspur...
31m ago from SportsKeeda.com
Jamie Carragher issues apology for undervaluing...
Liverpool legend Jamie Carragher has apologised for undervaluing the...
1h ago from SportsKeeda.com
Sources: Chelsea move ahead of Arsenal in transfer...
A major transfer battle has begun in Europe as Arsenal and Chelsea have...
5h ago from CaughtOffside.com
Comments
Hottest News
Lando Norris claims Max Verstappen 'taking the p***' by...
In what looks in retrospect like a cruel twist of... Read More »
4h ago from GPFans.com
Rick's Take: Formula 1 has thrown the cards in the air
The weekend looked set to be another polished... Read More »
41m ago from GrandPrix247.com
Aston Martin issue emotional statement as star officially...
Aston Martin F1 team issued an emotional... Read More »
18h ago from GPFans.com
