News Details

Formula 1 to impose $175m budget cap from 2021

Formula 1 set to introduce $175m budget cap Formula 1 is set to introduce a $175million budget cap on teams for the 2021 season. The budget cap will cover most of the team's expenditure, though with a number of exclusions for costs such as travel, driver remuneration, marketing and hospitality, and part of the power unit costs. Draft copies of the 2021 regulations are understood to have been circulated to teams this week, with a meeting on Thursday in the paddock at Montreal. It's believed another meeting will take place on Sunday morning. The budget cap however is just the tip of the iceberg when it comes to financial changes within the sport going forward. Also being overhauled is the...
Full Story »
11mo ago from SpeedCafe.com 0
Share

You May Also Be Interested In...

FIA present F1 teams with final budget-cap numbers of...

The FIA have presented Formula 1 teams with their final budget-cap of...
11mo ago from GPBlog.com

$175m cost cap intended for 2021

For as long as anyone can remember, there have been calls to limit team...
11mo ago from Pitpass.com

Formula 1 set for $175m cost cap from 2021

A cost cap has long been discussed in Formula 1, and on every occasion it...
11mo ago from MotorsportWeek.com

Still major disagreements to iron out over 2021 rules...

Formula 1 CEO Chase Carey has admitted that there are still huge details...
11mo ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP News: Petrucci confirms Ducati departure at the...

Danilo Petrucci has confirmed that he will no longer be a Ducati MotoGP...
13h ago from AutoSport.com

MotoGP Gossip: “Valentino Rossi’s ex-crew chief...

While Valentino Rossi may be pondering retirement in the not too distant...
14h ago from Crash.net

Popular On IndyCarToday.com

VeeKay en route to U.S. ahead of IndyCar Texas

Ed Carpenter Racing’s Rinus VeeKay has left Cancun, Mexico, where...
2h ago from Racer.com

IndyCar News: Carlin down to one car for IndyCar...

Carlin will enter just one Chevrolet for this Saturday's 2020 IndyCar...
8h ago from AutoSport.com

Carlin No. 31 Chevy parked for Texas opener

Carlin Racing will not field its No. 31 Chevy entry on Saturday as the...
6h ago from Racer.com

Popular On TotalWRC.com

Toyota GAZOO Racing Partner With eSports WRC, GR Yaris...

Toyota GAZOO Racing have signed a multi-year title sponsor agreement with...
13h ago from TheCheckeredFlag...

Popular On GunnersToday.com

Premier League crack down on stars as training ground...

Premier League crack down on stars as training ground visits made to stop...
2h ago from Express.co.uk

Arsenal interested in transfer deal for young winger...

Arsenal are among a host of clubs keeping an eye on promising Uruguayan...
3h ago from ArsenalFever.com

Arsenal transfer news: Bid for £23m ace imminent,...

While Arsenal will be focused on the Premier League restart, speculation...
3h ago from CaughtOffside.com

‘He was a really important player' –...

It’s been a year since former Arsenal player, Jose Antonio Reyes, sadly...
3h ago from CaughtOffside.com

Comments

Hottest News

Recent News


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.