News Details

FIA doubles F1 teams' allowance for sprint events in 2023

The FIA has announced that F1 teams will receive a $300,000 allowance for each Formula 1 sprint event that will take place in 2023. Following a meeting of the World Motor Sport Council in Bologna, the governing body confirmed the six venues that will host a Saturday sprint, with Baku, Spielberg, Spa, COTA, Losail and Interlagos adding the 30-minute mad dash to their schedules. But the WMSC has also voted to increase the current allowance awarded to each team for each sprint race weekend from $150,000 to $300,000. However, whereby teams were given up to now an additional $100,000 to account for accident damages, there will be no extra allowance for accidents in 2023. Read also: Formula 1...
Full Story »
1mo ago from 0

You May Also Be Interested In...

Formula 1 set to be left with big hole in 2023

Formula 1 officials have been left scratching their heads after it was...
1mo ago from

Billionaire reveals intent to launch Formula 1...

Calvin Lo has a long-standing passion for Formula 1, claiming that his...
2mo ago from

Formula 1 confirms six venues for 2023 Sprint Races

Formula 1 confirmed the tracks that will host the six Sprint Races during...
1mo ago from

Porsche + Formula 1. What now and what next?

Do Porsche’s Formula 1 Prospects Include Williams + Audi? While amid...
2mo ago from

Elsewhere On The Network

Popular On

Popular On

Popular On

Popular On

Arsenal hold interest in Chelsea winger Callum...

Arsenal will allegedly contemplate an approach for Chelsea winger Callum...
2h ago from


Hottest News

Recent News

2014 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.