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 »
Full Story »
4y ago from OneStopStrategy.com
0
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...
4y 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...
4y 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...
4y 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...
4y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia needs "better bike" to be stronger...
No description available...
3h ago from Motorsport.com
Pramac's Morbidelli still "missing freedom"...
No description available...
23h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
1d ago from MotorsportWeek.c...
Oliveira frustrated by "baby steps" as 2024...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
The good, bad, and ugly of IndyCar's half-baked...
No description available...
21h ago from Motorsport.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
1d ago from Motorsport.com
Rising concerns in IndyCar over PFC’s braking system
No description available...
3d ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
1d ago from MotorsportWeek.c...
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...
2h ago from MotorsportWeek.c...
Neuville reveals “MacGyver” style WRC Safari Rally...
No description available...
4h ago from Motorsport.com
WRC Safari Rally: Rovanpera stuns rivals to lead as...
No description available...
6h ago from Motorsport.com
How WRC Rally1 teams embraced the return of the...
No description available...
21h ago from Motorsport.com
Popular On GunnersToday.com
Xavi addresses Barcelona future amid recent speculation
Barcelona head coach Xavi says that he is still planning to stand down...
57m ago from SportsMole.co.uk
Mikel Arteta confirms injured trio have 'chance' of...
Mikel Arteta says that Bukayo Saka, Gabriel Martinelli and Gabriel...
47m ago from SportsMole.co.uk
'There is a chance' - Mikel Arteta says 3 key Arsenal...
No description available...
57m ago from SportsKeeda.com
Manchester City dealt massive blow as 2 first-team...
No description available...
57m ago from SportsKeeda.com
Comments
Hottest News
'Aston Martin makes Adrian Newey a multi-million dollar...
Red Bull designer Adrian Newey has received a... Read More »
37m ago from GPBlog.com
Verstappen and Red Bull see key member suddenly leave with...
Red Bull Racing and Max Verstappen are saying... Read More »
7h ago from GPBlog.com
Who is Lee Stevenson, Verstappen's chief mechanic leaving...
Lee Stevenson announced his departure from Red... Read More »
4h ago from GPBlog.com