News Details

Verstappen's manager calls F1 driver salary cap 'total idiocy'

Raymond Vermeulen, the man who looks after the interests of reigning F1 world champion Max Verstappen, calls the idea of a salary cap in F1 for drivers "total idiocy". Last year, in a bid to reduce the sport's costs, Formula 1 introduced a sliding scale mandatory budget cap under which teams must operate. The threshold started at $145m in 2021 and has fallen to $140m this season, with the cap further reduced to $135m in 2023. However, in addition to such items such as power units and marketing and hospitality costs, drivers' retainers are also excluded from the budget cap. Although contracts are confidential by nature, various reports put Lewis Hamilton at the top of F1's best...
Full Story »
1y ago from F1i.com 0
Share

You May Also Be Interested In...

Verstappen manager calls F1 driver salary cap 'total...

Raymond Vermeulen, the man who looks after the interests of reigning F1...
1y ago from F1i.com

Max's manager labels salary cap ‘total idiocy'...

Max Verstappen's manager Raymond Vermeulen says the idea of a salary cap...
1y ago from PlanetF1.com

Verstappen's manager slams salary cap idea

May 29 Max Verstappen has slammed as 'idiocy' plans to enforce a driver...
1y ago from OneStopStrategy.com

Verstappen's manager warns the FIA that a driver...

With inflation hitting every corner of the planet, discussions have begun...
1y ago from Formula1News.co.uk

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...
21h ago from MotorsportWeek.c...

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

Neuville pips Tänak in Safari opener

FIA World Rally Championship leader Thierry Neuville took a slender...
14h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Barcelona looking to take advantage of 32-year-old...

There was a time in the not too distant past when Barcelona, one of the...
1h ago from CaughtOffside.com

Nwaneri signs a professional contract, now the...

Morning. As we wait for Mikel Arteta's press conference later on, the...
22m ago from Arseblog.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.