News Details

Todt rules out budget cap in 2015

FIA president Jean Todt has ruled out any chance of a budget cap being introduced in 2015 and will instead need to reduce spending by means of the regulations.With a number of the current teams struggling financially, and the hope of budget restrictions enticing new teams to enter the sport, the teams that form the Strategy Group - which comprises Ferrari, Red Bull, McLaren, Mercedes, Lotus and Williams, not forgetting the FIA and the commercial rights holder (FOM) - have killed off the idea.'I understand that all the teams that are part of the strategy group are against the cost cap now,' Todt told reporters in Bahrain. 'So clearly, if the commercial rights holder, and if six teams are...
Full Story »
6mo ago from 0

You May Also Be Interested In...

Formula 1 heading for 150-million says Todt

Formula 1 heading for 150-million says Todt 4 April, 2014 It appears that...
6mo ago from

FIA to abandon cost cap plans - Todt

Mercedes AMG Petronas The FIA has abandoned plans to introduce a cost cap...
6mo ago from

F1 heading for EUR 150m budget cap

F1 is heading towards a budget cap of EUR 150 million per team for the...
6mo ago from

Todt says Williams, Lotus and Sauber are struggling...

Jean Todt FIA president Jean Todt has named Williams as one of three...
6mo ago from


comments powered by Disqus

Hottest News

Recent News

2014 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.