News Details

FIA reduces 2022 budget cap

Following the news that the Russian Grand Prix will not be replaced in 2022, the budget cap has subsequently decreased due to the expenses that will no longer be incurred. When Russian Vladimir Putin ordered his troops to invade Ukraine in February, the FIA immediately moved to cancel this year’s Russian Grand Prix, and banned competitors from Russia and Belarus – who aided the war efforts – from competing under those nationalities. The neutral flag for the drivers was enforced conjointly with an immediate ban on branding, colours and anthems from Russia and Belarus, and Formula 1 later announced that its contract with organisers of the race had been terminated, likely until Putin is...
Full Story »
Share

You May Also Be Interested In...

Marko: Sainz crashed several times that can't be cheap

The Formula 1 budget cap war of words is mounting in the wake of Ferrari...
1y ago from GrandPrix247.com

Marko ponders Ferrari’s development budget after...

Red Bull’s Dr Helmut Marko has wondered if Carlos Sainz’s recent...
1y ago from MotorsportWeek.com

Sainz: Goal every weekend is try to win the Grand Prix

Carlos Sainz finds himself in a winning car for the first time in his...
1y ago from GrandPrix247.com

Azerbaijan Grand Prix promotor wants 2023 sprint race

Azerbaijan Grand promotor Arif Rahimov revealed he would like the Formula...
1y ago from GrandPrix247.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...
23h ago from MotorsportWeek.c...

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

Popular On GunnersToday.com

Arsenal and Liverpool need to pay 60 million if they...

Real Sociedad midfielder Martin Zubimendi has been linked with a move away...
49m ago from CaughtOffside.com

Exclusive: 100m-rated striker is top of Arsenal's...

It's no secret that Premier League table-toppers Arsenal are already...
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.