News Details

F1 to adopt cost cap

F1 is to introduce a 'global cost cap' and the limit will be applied from the start of January 2015.The decision comes in the wake of the economic downturn and increasing pressure on a number of the teams in the sport.“The principle of a global cost cap has been adopted. The limit will be applied from January 2015,” confirmed a statement issued by the FIA following a meeting of the F1 Strategy Group and the Formula One Commission in Paris.“A working group will [now] be established within the coming days comprising the FIA, representatives of the Commercial Rights Holder and Team representatives.“The objective of the working group will be to have regulations approved by the end of...
Full Story »
4mo ago from Crash.net 0
Share

You May Also Be Interested In...

FIA introduce big changes including bespoke driver...

FIA introduce big changes including bespoke driver numbers and double...
4mo ago from GrandPrix247.com

FIA announces major changes to '14 regulations

The FIA has confirmed three major changes will be made to the 2014...
4mo ago from TheF1Times.com

Budget cap to be introduced in 2015

– Formula 1 will introduce a budget cap from the start of 2015,...
4mo ago from GPUpdate.net

Budget cap to be introduced for 2015

The FIA has announced that a budget cap will be implemented from the...
4mo ago from F1Zone.net

Comments

comments powered by Disqus

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.