News Details

Formula 1 CEO not in favour of salary cap: 'They are the heart of this show'

Formula One teams have to adhere to a $145 million budget cap for the first time in 2021, but drivers are still being paid a lot. Where a salary cap is now also being discussed, Stefano Domenicali is not a big fan of it. As of this season, F1 teams must stay within the confines of a $145 million budget cap. Not all teams will reach this amount, but for Red Bull Racing and Mercedes it had an impact of course. Still, the impact is not that big, because drivers and the best paid staff are not affected. Salary cap for drivers Lewis Hamilton reportedly still earns around 40 million dollar, and Max Verstappen and Sebastian Vettel are still on the payroll for 25 and 15 million respectively....
Full Story »
3y ago from GPBlog.com 0
Share

You May Also Be Interested In...

Charles Leclerc Refuses To Share Opinion On F1 Driver...

Ferrari driver Charles Leclerc has refused to publicly voice his views on...
3y ago from Formula1News.co.uk

F1 closing on $30m per team driver salary cap

Apr.8 Formula 1 is closing in on a $30 million per team annual budget...
3y ago from OneStopStrategy.com

$30m salary cap to be introduced, reports suggest

Reports are suggesting that a salary cap is soon to be introduced, with...
3y ago from PlanetF1.com

Prost: 'In my day you made the difference by being...

In 2022 the FIA will unleash their much talked about budget cap on the...
3y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Vinales: Aprilia COTA MotoGP win has ‘different...

Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Neuville and Evans tied to a tenth!

Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...

Popular On GunnersToday.com

Mikel Arteta says it is 'too soon' for £38m defender...

Arsenal manager Mikel Arteta has provided an injury update on summer...
2h ago from CaughtOffside.com

Aston Villa line up summer move for £60m Chelsea flop

Aston Villa are targeting a new left-back this summer and Chelsea's Marc...
1h 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.