News Details
Budget cap vital for prospective new F1 teams - Chase Carey
Introducing a cost cap in Formula 1 is essential for prospective new entrants, according to the championship’s CEO Chase Carey. Formula 1 has long strived to introduce a limitation on spending and from 2021 teams will begin to be restricted, with a $175m ceiling – albeit one that does not include elements such as driver salaries, marketing and engine costs – to be implemented. Formula 1’s new-for-2010 teams were partly enticed into the championship on the promise of a budget cap that ultimately never materialised, and all dropped out of the sport without challenging for top positions. The championship’s only new entrant since – Haas – has used the...
Full Story »
Full Story »
6y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Carey confirms budget cap 'dry run' for teams in 2020
Formula 1 CEO Chase Carey has confirmed that the spending of all ten F1...
6y ago from F1i.com
Next F1 season will be used as a test for the budget...
One of the biggest talking points outside of car design is the budget...
6y ago from GPBlog.com
F1 teams to decide 2020 Spanish GP fate
Aug.2 It could be up to the teams whether Barcelona keeps its place on...
6y ago from OneStopStrategy.com
F1 agrees to cost cap but will $175M bring new teams?
I was reading an article over at Autosport today about the proposed cost...
6y ago from TheParcFerme.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Brazilian GP: Marco Bezzecchi leads Jorge...
No description available...
10h ago from Motorsport.com
Marco Bezzecchi and Jorge Martin dominate as Aprilia...
Marco Bezzecchi dominated the Brazilian MotoGP Grand Prix to secure...
10h ago from MotorsportWeek.c...
“Unacceptable conditions” - Alex Rins, Alex...
No description available...
8h ago from Motorsport.com
Marc Marquez: Brazil GP mistake came at corner where...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
1d ago from Motorsport.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
5d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
5d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
2d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
2d ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
“Landed a major blow” - Gary Neville weighs in on...
Manchester United legend Gary Neville believes Arsenal's Carabao Cup...
4h ago from SportsKeeda.com
Jamie Carragher pinpoints ‘big mistake’ from...
Pundit Jamie Carragher has pointed out the mistake that cost Arsenal boss...
5h ago from SportsKeeda.com
Arsenal boss Mikel Arteta says it would have been...
Arsenal manager Mikel Arteta has defended his decision to start Kepa...
7h ago from SportsKeeda.com
Ian Wright questions Arsenal mentality after Man City...
Ian Wright has questioned Arsenal’s mentality following their 2-0 defeat...
9h ago from CaughtOffside.com
Comments
Hottest News
F1TECH: Ferrari set to reintroduce its halo winglet...
Ferrari’s push to refine its 2026 Formula 1... Read More »
2h ago from F1Technical.net
Formula E: How has the championship standings changed after...
Hot on the heels of Jaguar's double victory and... Read More »
1h ago from F1Technical.net
Max Verstappen 'isn't happy' at Red Bull and George Russell...
Concerns have been raised over George Russell's... Read More »
8h ago from GPFans.com
