News Details
Report: Teams receive official $145m cost cap proposal
The 10 Formula 1 teams received the official budget cap proposal from Liberty Media and the FIA on Tuesday, according to The Race. Following the postponement of the start of the F1 season due to the coronavirus pandemic, many of the teams have pushed to lower the cost cap from its original $175 million figure, with $145m being agreed for 2021. According to the proposal now issued, that figure will come down to $140m in 2022 and then $135m in 2023 as the sport looks to cut spending. Ferrari have been reluctant to see the cap come below $145m and team principal Mattia Binotto suggested recently that the team could be forced to deploy its 'racing DNA' elsewhere, if the cap continued to fall....
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
F1 optimistic 2021 calendar won't be affected by...
Formula 1 CEO Chase Carey has expressed optimism that the
disruption...
5y ago from MotorsportWeek.com
F1 cost-cap to be cut to $145M for 2021
According to F1 technical boss, Ross Brawn, the series will move toward a...
5y ago from TheParcFerme.com
Cap will make F1 sustainable, but still premier...
Formula 1’s budget cap will ensure the championship remains
sustainable...
5y ago from MotorsportWeek.com
Formula One Group revenue plummets as pandemic impact...
Liberty Media has revealed the substantial financial losses suffered
by...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
The key challenges MotoGP teams will face in the 2027...
No description available...
2h ago from Motorsport.com
VR46 looking for mix of experience and youth in 2027...
No description available...
20h ago from Motorsport.com
Dani Pedrosa reveals the ‘crazy’ training that...
No description available...
1d ago from Motorsport.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Kyle Kirkwood’s surprise lunge on Alex Palou...
Kyle Kirkwood took victory in the inaugural Grand Prix of Arlington on...
1d ago from MotorsportWeek.c...
Official race results: 2026 IndyCar Grand Prix of...
No description available...
1d ago from Motorsport.com
Rough and tumble weekend dampens Josef Newgarden’s...
Josef Newgarden came into IndyCar's Arlington GP weekend on a high,...
1d ago from MotorsportWeek.c...
Kirkwood "currently the biggest threat" to...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
21h ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
22h ago from Motorsport.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
1d ago from Motorsport.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal's next four games will make or break their...
It's no exaggeration to say that the fate of Arsenal's season probably...
48m ago from CaughtOffside.com
The race for Premier League Player of the Season:...
As we push through the crucial month of March in the 2025/26 Premier...
1h ago from CaughtOffside.com
Frontrunners Arsenal face intense battle to sign...
According to Calciomercato, AC Milan and Inter Milan are actively...
5h ago from CaughtOffside.com
“Just not normal in football” - Kyle Walker on...
Burnley defender Kyle Walker has admitted it is horrific to play against...
5h ago from SportsKeeda.com
Comments
Hottest News
Toto Wolff reveals real reason why Aston Martin dumped...
Toto Wolff has revealed why Aston Martin ended... Read More »
5h ago from MotorsportWeek.com
Furious F1 star refuses apology from rival over...
Onboard F1 footage has uncovered the spicy moment... Read More »
1h ago from GPFans.com
Honda claim batteries now handling the vibrations but not...
The Chinese Grand Prix was another horrible... Read More »
18m ago from GrandPrix247.com
