News Details

Abiteboul doubts further reduction of budget cap 'Is a challenge'

Despite the fact that we are still in the middle of the corona crisis, it is already clear that the pandemic has a huge impact on Formula 1.The budget limit is making its entrance and will possibly drop even further so that the teams will not go under financially. Cyril Abiteboul hopes that there are still ten teams active in Formula 1, or more, after the crisis. 100 or 150 million Renault's team boss lost an important member of the team this week. Daniel Ricciardo will be driving for McLaren from 2021. A financial advantage is that they no longer have to pay the Australian's enormous salary, although Abiteboul indicates that they don't have to worry about cuts at Renault. According to the...
Full Story »
3y ago from GPBlog.com 0
Share

You May Also Be Interested In...

Formula 1 set for five-year sliding-scale budget cap

F1 teams are reportedly considering a five-year budget cap plan that to...
3y ago from F1i.com

Abiteboul congratulates Verstappen: ''That salary...

The budget ceiling for 2021 has been set at $145 million and the teams...
3y ago from GPBlog.com

Abiteboul takes parting shot at Ricciardo

Renault boss Cyril Abiteboul has directed some veiled criticism at his...
3y ago from GrandPrix247.com

McLaren is considering to pledge The MTC and historic...

McLaren is also feeling the financial consequences of the corona crisis....
3y ago from GPBlog.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...

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 Manchester United keen on French defensive...

Arsenal and Manchester United are always on the lookout for prospects who...
58m ago from CaughtOffside.com

Green Gooners: Rice, Jesus and Jorginho take on top...

Declan Rice, Gabriel Jesus and Jorginho take part in a Top Bins Challenge...
1h ago from SkySports.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.