News Details

Verstappen's manager warns the FIA that a driver salary cap would be ‘illegal'

With inflation hitting every corner of the planet, discussions have begun as to whether the $140 million budget cap can be increased, with teams concerned that they may miss races to avoid spending over the limit. Ferrari team principal Mattia Binotto confirmed that these talks were taking place. “These discussions will take time,” Binotto explained at Monaco. “As you have to deal with the existing contracts.” Increasing the budget cap isn't the only idea that's been raised, with a potential driver salary cap also being considered. This has caused some anger in the paddock, with Max Verstappen's manager labelling the idea as 'total idiocy'. According to Dutch newspaper De...
Full Story »
Share

You May Also Be Interested In...

Verstappen's manager slams salary cap idea

May 29 Max Verstappen has slammed as 'idiocy' plans to enforce a driver...
6mo ago from OneStopStrategy.com

‘We will go over': Binotto warns Ferrari and...

Ferrari team principal Mattia Binotto believes that it will be impossible...
6mo ago from Formula1News.co.uk

Red Bull's budget cap problem ‘great' –...

May 28 Some teams are refusing to budge as Red Bull leads a vocal...
6mo ago from OneStopStrategy.com

‘Many teams' will break budget cap –...

May 29 Ferrari has joined Red Bull in pushing for an emergency increase...
6mo ago from OneStopStrategy.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

New television series showcasing Indy 500 announced

A new documentary series named “100 Days to Indy” is being planned for...

IndyCar planning updated marketing strategy for next...

The NTT IndyCar Series is planning to significantly increase its marketing...

Popular On TotalWRC.com

M-Sport signs Tänak for 2023 season

Ott Tanak has announced that he will be driving for the M-Sport Ford WRC...

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.