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 »
Full Story »
4y ago from MotorsportWeek.com
0
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Oxford Dictionary Removes ‘Outdated’ Words...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
Superbike legend Toprak Razgatlioglu signs with Pramac...
No description available...
1h ago from Motorsport.com
WorldSBK champion Toprak Razgatlioglu switches to...
After years of speculation, two-time WorldSBK champion Toprak...
4h ago from MotorsportWeek.c...
Nicolo Bulega agrees Ducati WorldSBK contract...
Ducati announces Nicolo Bulega has signed new contract which sees him...
7h ago from MotorsportWeek.c...
Pedro Acosta admits fourth at Aragon MotoGP ‘not...
Despite matching his best result of the 2025 MotoGP season, Pedro Acosta...
9h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
AJ Foyt Racing fined $25K, lose championship points...
No description available...
1w ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
1w ago from MotorsportWeek.c...
Louis Foster reveals likely cause of scary 180MPH...
On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...
1w ago from MotorsportWeek.c...
Detroit GP expected to remain downtown amid potential...
Following the conclusion of the Detroit Grand Prix, organizers have...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
5h ago from Motorsport.com
Sebastien Ogier stays aloof from WRC title fight...
No description available...
2d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
2d ago from Motorsport.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
Arsenal latest: 'Don't panic! Sesko deal is still on!'
No description available...
4h ago from SkySports.com
Comments
Hottest News
F1 goes nuclear on IndyCar with Canadian GP-Indy 500 clash
Formula 1’s 2026 calendar has dropped like a... Read More »
3h ago from F1i.com
Imola reacts to F1 calendar snub: ‘By no means the final...
Imola Mayor Marco Panieri and Emilia-Romagna... Read More »
44m ago from F1i.com
Russell says F1 fans would be ‘unhappy' with Raikkonen
Jun.10 Finnish newspapers are not impressed... Read More »
10h ago from OneStopStrategy.com