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 »
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...
1y 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...
1y 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...
1y 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...
1y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Quartararo heads Vinales in relentless Catalunya...

Fabio Quartararo made it three from three Catalan Grand Prix practice...

Catalunya MotoGP: Quartararo leads FP3 as Dovizioso...

Fabio Quartararo beat Yamaha stablemate Maverick Vinales by 0.044 seconds...
2h ago from AutoSport.com

Official: Valentino Rossi signs for Petronas Yamaha

The contracts are finally signed and the news is now official: MotoGP...
1h ago from Crash.net

Fabio Quartararo on top in Catalunya MotoGP FP3,...

Fabio Quartararo reasserted his and Yamaha’s authority at the top of...
1h ago from Crash.net

Popular On IndyCarToday.com

Hinchcliffe confirmed as Veach’s replacement for...

James Hinchcliffe has been confirmed as the replacement for Zach Veach for...
20h ago from MotorsportWeek.c...

Hinchcliffe fills in at Andretti Autosport for rest of...

James Hinchcliffe will join Andretti Autosport for the final three races...
19h ago from AutoSport.com

Veach leaves Andretti Autosport with immediate effect

Andretti Autosport has announced it has parted ways with Zach Veach with...

Popular On TotalWRC.com

Mäkinen Describes Tänak's Tactic as...

Toyota Gazoo Racing team principal Tommi Mäkinen is not happy over the...

Mäkinen to Step Down as Toyota Team Principal at End...

Tommi Mäkinen will step away from his role as the team manager at Toyota...

Agreement reached for rallying to continue in Wales...

An agreement has been reached between Motorsport UK and Natural Resources...

No More WRC Events for Loeb After Rally Turkey?

Sébastien Loeb is rumored to have made his final WRC appearance on Rally...

Popular On GunnersToday.com

Aouar getting closer, sales expected to make way.

Morning all. The newspapers are in overdrive, even Sky Sports are joining...

Lyon CEO bizarrely addresses transfer speculation...

Lyon's CEO Jean-Michael Aulas has taken to his social media to address the...
1h ago from CaughtOffside.com

Lyon chief Jean-Michel Aulas responds to claim Houssem...

Lyon chief Jean-Michel Aulas claims Arsenal are nowhere near offering...
2h ago from Express.co.uk

Houssem Aouar to Arsenal transfer boost as Lyon will...

Arsenal may be able to secure the signing of Houssem Aouar for as little...
3h ago from Express.co.uk

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.