News Details

Smaller F1 teams target budget cap reduction to $100M!

Formula 1's smaller teams, who are most vulnerable to the sport's economic downturn following the coronavirus crisis, are seeking a reduction of next year's budget cap from $170 to $100 million. A disrupted 2020 championship which may not get underway until the late summer is set to inflict massive pain on F1, with revenues falling across the board for Liberty Media, the sport's commercial rights holder, but also for the teams which are preparing for a significant drop in financial revenue. Formula 1 is attempting to mitigate the effects of the shortfall with a series of measures destined to reduce costs for the teams. Szafnauer: 'Crucial' for smaller teams to have unchanged cars for 2021...
Full Story »
3y ago from F1i.com 0
Share

You May Also Be Interested In...

‘Smaller teams want lower cap, Ferrari says no'

Formula 1's smaller teams are pushing for next year's budget cap to be...
3y ago from PlanetF1.com

Auto, Motor und Sport: 'FIA considers stricter budget...

Formula 1 is struggling with the consequences of the coronavirus and it...
3y ago from GPBlog.com

Rosberg ditches smartphone to avoid coronavirus frenzy

Nico Rosberg has his own strategy for surmounting the current coronavirus...
3y ago from F1i.com

F1 teams meet Monday: Small teams want even lower...

The Formula 1 season is still at a standstill and that has consequences...
3y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

F1 owner Liberty Media set to finalise purchase of...

Formula 1 owner Liberty Media are in talks to buy Madrid-based company...

Popular On IndyCarToday.com

Rosenqvist: Confidence within MSR growing with every...

Felix Rosenqvist has started off his time with Meyer Shank Racing on a...

Popular On TotalWRC.com

Disaster for Hyundai as Lappi and Tänak retire from...

Esapekka Lappi retired his Hyundai i20 N with a broken gearbox in stage...

Popular On GunnersToday.com

Mikel Arteta confirms injured trio have 'chance' of...

Mikel Arteta says that Bukayo Saka, Gabriel Martinelli and Gabriel...
1h ago from SportsMole.co.uk

Preview: Manchester City vs. Arsenal - prediction,...

Sports Mole previews Sunday's Premier League clash between Manchester City...
30m ago from SportsMole.co.uk

Xavi addresses Barcelona future amid recent speculation

Barcelona head coach Xavi says that he is still planning to stand down...
1h ago from SportsMole.co.uk

Tactics Video: How Kiwior and Jorginho improved...

All of this article is better shown and communicated by video, so I put...
2h ago from FreshArsenal.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.