News Details

Wolff and Horner reveal "pain" of axing staff to accommodate F1 budget cap

Ian Parkes Friday 2 april 2021 17:05 Mercedes team principal Toto Wolff and Red Bull counterpart Christian Horner have both revealed the "pain" they went through over the winter making large numbers of staff redundant in order to accommodate Formula 1's budget cap. Over the years, the two teams have continued to grow as F1's battle for supremacy has raged, which eventually resulted in the sport deciding to finally impose the cap. Article continues under video For this year, the figure stands at $145million, although there are exemptions such as the drivers and the top-three highest wage earners, with $140m for next season and $135m for 2023-2025. In order to meet the cap, the...
Full Story »
1mo ago from GPFans.com 0
Share

You May Also Be Interested In...

Red Bull says Sprint Race trial requires cost cap...

Red Bull team boss Christian Horner says a Sprint Race trial this season...
1mo ago from F1i.com

F1 sprint qualifying proposals hit by budget cap...

Ian Parkes & Ewan Gale Friday 26 march 2021 13:59 - Updated: 14:11 The...
1mo ago from GPFans.com

Binotto: 'Despite budget cap, bigger teams keep...

Ferrari has not had its best years in Formula 1 with 2020 as the low...
1mo ago from GPBlog.com

Bahrain Qualifying: Verstappen thumps them

Finally, the true pecking order revealed itself with Max Verstappen...
1mo ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Alex Marquez: It's very difficult to control when the...

Fabio Quartararo has undergone arm pump surgery following Jerez, while...
1d ago from Crash.net

MotoGP Gossip: Lorenzo calls Rossi ‘slow’ and...

Jorge Lorenzo has never been one to hold anything back whether during or...
2d ago from Crash.net

Popular On IndyCarToday.com

VIDEO: McLaughlin's Texas race radio

Listen to Scott McLaughlin's race radio from his second place finish at...
18h ago from SpeedCafe.com

No Indy 500 setbacks for Foyt due to Texas crashes

AJ Foyt Racing will not be in a bind for this month’s Indianapolis 500,...

Popular On TotalWRC.com

Tänak's Rally Croatia asphalt conundrum

Ott Tänak is searching for answers, after Rally Croatia offered up issues...

M-Sport Ford Confirm Fourmaux for Portugal

Adrien Fourmaux is to again steer M-Sport's second Ford Fiesta WRC in...

Popular On GunnersToday.com

Football fan protests are a positive, legitimate...

game is an echo box for wider anxieties, because it is the place people...
1h ago from TheGuardian.com

Rekik makes debut as Arsenal U23s avoid relegation

Arsenal U23s concluded their season last night with a 2-2 draw away to...
2h ago from News.ArseBlog.com

Arsenal board could already have Mikel Arteta sack...

Arsenal boss Mikel Arteta is fighting to keep his job in the wake of the...
1h ago from Express.co.uk

Granit Xhaka, David Luiz: Arsenal Team News against...

Arsenal will host West Bromwich Albion in the Premier League on Sunday...
1h ago from ArsenalFever.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.