News Details

Budget cap: Carey turns up the heat on F1 teams

Formula 1 CEO Chase Carey, supported by the FIA, has put the pressure on the sport's top teams to accept a revised budget cap set to be introduced from 2021. After a year of talks, mediation and endless negotiations over the future of Grand Prix racing between F1's commercial rights holder, the FIA and the teams, Liberty Media got tough last week in Geneva at an F1 Strategy Group meeting. According to reports from Auto Motor und Sport's Michael Schmidt, Mercedes and Ferrari's hopes of securing an increase of the final threshold of F1's prospective cost cutting plan from $150m to $200m have been trounced by Liberty's unilateral decision to cap the upper limit at $135m! Teams' entry fees for...
Full Story »
6mo ago from F1i.com 0
Share

You May Also Be Interested In...

F1 teams consider lobbying UK government as hard...

Formula 1 teams based in the UK are hoping an initiative by Britain's...
6mo ago from F1i.com

Teams' entry fees for the 2019 world championship...

Formula 1's ten teams will fork out an aggregate amount of $17.4 million...
6mo ago from F1i.com

F1's 2019 wing changes a ‘big hit' to teams

We, for good reason, have been focused on the 2020 regulation changes but...
7mo ago from TheParcFerme.com

Formula 1 reports rise in TV viewership for 2018

Formula 1's TV and digital viewership figures increased for the second...
6mo ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

VIDEO: Mayhem on Lap 1 at Pocono

Takuma Sato triggers a multi-car crash on Lap 1 at Pocono which takes out...
9h ago from SpeedCafe.com

Popular On TotalWRC.com

Thierry Neuville open to guest drive in World Touring...

Hyundai's World Rally Championship superstar, Thierry Neuville, has...
19h ago from TheCheckeredFlag...

Andreas Mikkelsen ahead of Rally Germany: “It’s...

Andreas Mikkelsen took fourth last time out on Rally Finland and will be...

Dani Sordo on Rally Germany: “Normally I’m on the...

Dani Sordo claimed his first win in the FIA World Rally Championship on...

Thierry Neuville: “Rally Germany has Three Different...

Thierry Nevuille is third in the 2019 FIA World Rally Championship going...

Popular On GunnersToday.com

Why Arsenal should make a move for Christopher Nkunku

According to reports from English news outlet the Sun, Arsenal have been...
1h ago from SoccerSouls.com

David Luiz reveals how Frank Lampard chat helped seal...

ARSENAL defender David Luiz revealed how a chat with Chelsea manager Frank...
3h ago from Express.co.uk

Arsenal boss Unai Emery reveals the two questions he...

ady to play a full 90 minutes, according to his manager Unai Emery
4h ago from DailyStar.co.uk

Premier League team of the weekend: Liverpool and...

PREMIER LEAGUE action is back in full swing and Jamie Redknapp has...
59m ago from Express.co.uk

Comments

Advertisements

Hottest News

‘Red Bull offered Gasly seat to Alonso at Silverstone'

Red Bull approached Fernando Alonso around the... Read More »
2h ago from PlanetF1.com

‘Gasly undone by crashes, Albon better than Kyvat'

Red Bull chose Alexander Albon to replace Pierre... Read More »
59m ago from PlanetF1.com

Horner: 'Rule changes have been a lot of pain'

Red Bull are widely renowned for having the best... Read More »
59m ago from GPBlog.com
Advertisements

Recent News

Advertisements

Advertisements

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.