News Details

Steiner: Budget cap 'won't take the gap away'

Haas F1 Team boss Guenther Steiner believes that F1's future budget cap will perhaps tighten the field, but it won't miraculously level the performance between teams. From 2021, Formula 1 will introduce a strict $175 million limit on spending, although the cost cap will exclude from its provisions several items such as drivers' salaries and marketing expenses. While the purpose of the measure is to ensure better economic fairness among the teams, and thus better equity in terms of the competitions, Steiner isn't convinced the cost cutting benchmark will succeed in bringing the teams closer together, at least not at the outset. Brawn pleased with fans' reaction to 2021 rulebook "I...
Full Story »
4y ago from F1i.com 0
Share

You May Also Be Interested In...

Villeneuve denounces budget cap as 'pure socialism'

Former Formula 1 world champion Jacques Villeneuve had come out strongly...
4y ago from F1i.com

Steiner laments Haas being 'lame duck' at home Grand...

There was little consolation for Haas F1 team principal Guenther Steiner...
4y ago from F1i.com

Brown: F1 budget cap should include driver salaries

McLaren boss Zak Brown says that driver salaries should have been...
4y ago from F1i.com

F1's cost cap should be at least $50m/year lower -...

Haas boss Guenther Steiner reckons Formula 1’s cost cap should be...
4y ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Abel ends Indy 500 entry hopes, cites funding as cause

Abel Motorsports will not be fielding a car in this year’s Indianapolis...

Team Penske suspends key management through Indy 500

On Tuesday morning, Team Penske announced suspensions of key personnel...

American flag livery returns for AJ Foyt Indy 500 entry

AJ Foyt Racing announced Wednesday that it is bringing its popular...

Popular On TotalWRC.com

Popular On GunnersToday.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.