News Details
Szafnauer: Cost cap doesn't have to be maxed out
Racing Point team principal Otmar Szafnauer has reminded everyone that teams don't have to reach the budget cap limit. The budget cap, which will come in from 2021, was originally set at $175m per season with certain exclusions, but teams have agreed in principal to reduce it to $150m, while McLaren are pushing for $100m. This is all in response to the financial impacts of the COVID-19 pandemic on teams, and Ferrari have threatened to quit Formula 1 if the cap goes below $145m, but Szafnauer says the limit helps both in terms of financial stability and the quality of racing in Formula 1. And remember, no team has to spend to that figure. 'The other thing that we have to remember is that...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
F1 teams set for new cost-cap | Can't be 'selfish'
ormula 1 teams should be presented with a budget-cap proposal within the...
4y ago from SkySports.com
Szafnauer 'can't see' Wolff taking stake in Aston...
Racing Point team principal Otmar Szafnauer doesn't believe that Toto...
4y ago from F1i.com
Ferrari and Red Bull refuse to accept a drastically...
While the sport’s main participants, the FIA, the Commercial Rights...
4y ago from F1Technical.net
‘Ferrari has agreed to reduced cap but…'
Good news for McLaren and others wanting a lower budget cap, Ferrari has...
4y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Le Mans shows other MotoGP races how to succeed
No description available...
2h ago from Motorsport.com
Quartararo ‘happy' to have ‘first...
Yamaha MotoGP rider Fabio Quartararo says that the MotoGP French Grand...
19h ago from MotorsportWeek.c...
Acosta: French GP was first chance for "something...
No description available...
20h ago from Motorsport.com
Popular On IndyCarToday.com
Kanaan only an option for Indy 500 if Larson is forced...
No description available...
14h ago from Motorsport.com
Abel ends Indy 500 entry hopes, cites funding as cause
Abel Motorsports will not be fielding a car in this year’s Indianapolis...
1w ago from MotorsportWeek.c...
Indy 500: Dixon fastest at 229.107mph as weather halts...
No description available...
20h ago from Motorsport.com
American flag livery returns for AJ Foyt Indy 500 entry
AJ Foyt Racing announced Wednesday that it is bringing its popular...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Evans feels “new ideas” are required after WRC...
No description available...
20h ago from Motorsport.com
Neuville stunned by almost “impossible” result in...
No description available...
2d ago from Motorsport.com
Tanak not far from “being in the fight” after...
No description available...
1d ago from Motorsport.com
Ogier: Surpassing Markku Alen’s WRC Portugal record...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Three England internationals 'among seven players put...
Arsenal reportedly put seven players up for sale ahead of the summer...
1h ago from SportsMole.co.uk
Arsenal fan and Aston Villa star Ollie Watkins appears...
No description available...
1h ago from SportsKeeda.com
Chelsea tipped to struggle to land much-needed...
Aston Villa goalkeeper Emi Martinez has been linked with a move to Chelsea...
2h ago from CaughtOffside.com
Jamie Carragher predicts Arsenal and Manchester City...
No description available...
4h ago from SportsKeeda.com
Comments
Hottest News
Norris bank balance takes HUGE hit after Miami victory
Lando Norris is continuing to revel in his... Read More »
3h ago from GPFans.com
Breaking: Albon signs new multi-year F1 contract
Another piece of the driver market puzzle has... Read More »
2h ago from RacingNews365.com
Vowles feels ‘responsibility' to hand Albon...
Williams Team Principal James Vowles has said he... Read More »
58m ago from MotorsportWeek.com