News Details

Abiteboul slams $175m budget cap figure

Jun.8 The F1 teams are divided over Liberty Media's handling of the 2021 rules reform. Firstly, it emerges that the F1 owner has settled on a US $175 million annual budget cap per team for the period between 2021 and 2025. Excluded are driver, engine, travel and marketing costs. "This is not a new start," an angry Cyril Abiteboul, the team boss at Renault, told Auto Motor und Sport. "The plan was that all teams should be profitable." Also telling is that the budget cap amount is supported by Toto Wolff, boss of F1's biggest spender, Mercedes. "We have accepted it for 2021. I agree with this step," he said at a media event in Montreal. Also being roundly...
Full Story »
11mo ago from OneStopStrategy.com 0
Share

You May Also Be Interested In...

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

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

Formula 1 to impose $175m budget cap from 2021

Formula 1 set to introduce $175m budget cap Formula 1 is set to introduce...
11mo ago from SpeedCafe.com

Formula 1 to impose $175m cost cap on teams in 2021

Formula 1 will impose on teams a cost cap of $175m a year from 2021 to...
11mo ago from F1i.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

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

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

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

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

Man City v Liverpool and West Ham v Chelsea to be...

The FA Cup quarter-finals and semi-finals are playing havoc with the...
2h ago from DailyStar.co.uk

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

Premier League crack down on stars as training ground visits made to stop...
1h ago from Express.co.uk

Talks held: PSG look to sign Arsenal star for 30m

Arsenal find themselves in a strange situation where they need to sell...
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.