News Details
‘Dumb Americans' know how to create a budget cap
Liberty Media CEO Greg Maffei has hailed ex-Formula 1 boss Chase Carey for his achievement in making the budget cap a reality. Putting a limit on the spending power of the teams is far from a new concept in Formula 1. Bernie Ecclestone and former FIA president Max Mosley tried and failed in the past, and in time the implications became clear. As comfortably the three highest spenders in Formula 1, Mercedes, Ferrari and Red Bull would go on to establish themselves at the top, with a clear divide on-track to those with more modest budgets in the midfield. But under the leadership of Carey, Formula 1 was finally able to bring in a budget cap. Teams are now permitted to spend up to $145m per...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
Liberty's Maffei on F1 cost cap: 'Dumb Americans' got...
Liberty Media CEO Greg Maffei says former F1 boss Chase Carey deserves...
4y ago from F1i.com
"Stupid Americans, what do they know about...
Bernie Ecclestone was the big man behind Formula 1's commercial growth...
4y ago from GPBlog.com
Defending Chase
I’m certainly not one to be critical of what Chase Carey was able to...
4y ago from TheParcFerme.com
Red Bull to cap F1 drivers' salaries: 'Respect...
In 2021 there will be a budget cap for the first time in Formula 1, which...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Jerez hosts three days of private MotoGP testing with...
No description available...
17h ago from Motorsport.com
Aprilia boss on calming Marco Bezzecchi: ‘He’s...
No description available...
21h ago from Motorsport.com
Pedro Acosta leads MotoGP standings after opener –...
No description available...
1d ago from Motorsport.com
How Raul Fernandez is chasing his next MotoGP contract
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
16h ago from MotorsportWeek.c...
Washington D.C. IndyCar track layout and event logo...
No description available...
16h ago from Motorsport.com
David Malukas’ Penske poise earns accolades from...
After just two races with Team Penske under his belt, David Malukas is...
18h ago from MotorsportWeek.c...
Pit stop mishap hinders Mick Schumacher in oval debut
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
16h ago from Motorsport.com
Why Hyundai WRC team is "working at 120 per...
No description available...
4d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
6d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal ready to sell attacker to Newcastle United
Arsenal could be open to selling Leandro Trossard during the upcoming...
45m ago from CaughtOffside.com
FA Cup draw is kind and adds potential for revenge
Morning all. Let's start today with the FA Cup quarter-final draw which...
1h ago from Arseblog.com
Bayer Leverkusen vs Arsenal Prediction and Betting...
Bayer Leverkusen welcome Arsenal for the first leg of their UEFA Champions...
13h ago from SportsKeeda.com
FA Cup quarter-final draw: Man City face Liverpool
Manchester City have been drawn against Liverpool in the FA Cup...
13h ago from SkySports.com
Comments
Hottest News
Aston Martin hit by new bombshell as insider reveals...
An Aston Martin F1 insider has dropped a new... Read More »
1h ago from GPFans.com
McLaren ‘puzzled’ by pace deficit to Mercedes despite...
Andrea Stella admits McLaren has been left... Read More »
55m ago from F1i.com
'Really dangerous' F1 issue branded 'plaster' over larger...
Carlos Sainz was vocal about the problems F1 has... Read More »
55m ago from RacingNews365.com
