News Details

Working group to investigate F1 driver salary cap

Formula 1 will create a working group, which will include drivers, in order to evaluate the possibility of introducing tighter financial control on leading figures in the championship. Formula 1 has long sought to reduce costs and for the first time this season financial regulations will be in force. An annual budget cap of $145m has been implemented, a reduction on the initial $175m proposed in late 2019, as a response to the Covid-19 pandemic. This figure will reduce to $140m next year and then $135m in 2023 in order to assist some operations to adjust to the scale and size of the change. However there are several exemptions, most notably costs relating to marketing, race driver...
Full Story »
Share

You May Also Be Interested In...

Formula 1 presents viewing figures for 2020: Growth in...

Formula 1 has released the figures for the 2020 Formula 1 season. The...
4y ago from GPBlog.com

F1 presents viewing figures for 2020: Enormous growth...

Formula 1 has released the figures for the 2020 Formula 1 season. The...
4y ago from GPBlog.com

McLaren Racing CEO Calls For Driver Salary Cap Amid...

McLaren Racing CEO Zak Brown has called on Formula One to agree a driver...
4y ago from Formula1News.co.uk

Oxford Dictionary Removes ‘Outdated’ Words...

Three words have been removed from the Oxford Advanced Learner’s...
4y ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

WorldSBK champion Toprak Razgatlioglu switches to...

After years of speculation, two-time WorldSBK champion Toprak...

Nicolo Bulega agrees Ducati WorldSBK contract...

Ducati announces Nicolo Bulega has signed new contract which sees him...

Pedro Acosta admits fourth at Aragon MotoGP ‘not...

Despite matching his best result of the 2025 MotoGP season, Pedro Acosta...

Popular On IndyCarToday.com

Santino Ferrucci issued post-race penalty but keeps...

The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...

Louis Foster reveals likely cause of scary 180MPH...

On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...

Detroit GP expected to remain downtown amid potential...

Following the conclusion of the Detroit Grand Prix, organizers have...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal column: What's holding up Benjamin Sesko...

Benjamin Sesko signs are positive, but it's not done yet Another week has...
34m ago from CaughtOffside.com

Furious Manchester United and Arsenal target rejects...

Viktor Gyokeres has reportedly rejected a stunning contract from the Saudi...
34m ago from SportsKeeda.com

Arsenal to face competition from multiple Saudi clubs...

Arsenal will face competition from the Middle East in the race to sign...
3h ago from SportsKeeda.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.