News Details

$175million cost cap coming for 2021

A cost cap of $175million per year looks set to be imposed as part of the 2021 overhaul of Formula 1, according to Autosport. The new limit will require Mercedes, Ferrari and Red Bull to reduce their current budgets and will be part of the newly formed Formula 1 Financial Regulations to run alongside the existing FIA Sporting and Technical Regulations. Nigel Kerr is the man behind the cap – a former financial chief for Honda, Brawn and Mercedes, he was snapped up by Ross Brawn in 2017, given the title of finance director, motorsports, and tasked with designing the brief for a viable cost cap. The restriction will be in place for the five seasons from 2021-25 with the provision for...
Full Story »
2mo ago from 0

You May Also Be Interested In...

Budgets and parc fermé regulation shaking up paddock

Photo by: A couple of interesting stories out of...
2mo ago from

Formula 1 to impose $175m budget cap from 2021

Formula 1 set to introduce $175m budget cap Formula 1 is set to introduce...
2mo ago from

$175m cost cap intended for 2021

For as long as anyone can remember, there have been calls to limit team...
2mo ago from

2021 changes play no role in Raikkonen's future

Kimi Raikkonen has confirmed that the overhaul of Formula 1 planned for...
2mo ago from

Elsewhere On The Network

Popular On

Popular On

Popular On

Ott Tanak extends his Rally Germany lead on Saturday

Ott Tänak is on course for a third straight ADAC Rallye Deutschland...
25m ago from MotorsportWeek.c...

Popular On

David Luiz - What Salah told me after the game

Liverpool inflicted our first Premier League defeat of the season on...
3h ago from

David Luiz reveals what Mohamed Salah said to him...

Arsenal defender David Luiz has revealed that Liverpool star Mohamed Salah...
2h ago from

Burley slams Arsenal's signings David Luiz & Ceballos

Burley feels Liverpool strengthened in all the right areas this summer...
2h ago from



Hottest News

Christian Horner suggests F1 could replace the halo!

Christian Horner believes that Formula 1 could... Read More »
9h ago from

Leclerc's ten days of California Dreamin'

Cruising down the Pacific coastline in California... Read More »
11h ago from

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.