News Details
Budget cap: Carey turns up the heat on F1 teams
Formula 1 CEO Chase Carey, supported by the FIA, has put the pressure on the sport's top teams to accept a revised budget cap set to be introduced from 2021. After a year of talks, mediation and endless negotiations over the future of Grand Prix racing between F1's commercial rights holder, the FIA and the teams, Liberty Media got tough last week in Geneva at an F1 Strategy Group meeting. According to reports from Auto Motor und Sport's Michael Schmidt, Mercedes and Ferrari's hopes of securing an increase of the final threshold of F1's prospective cost cutting plan from $150m to $200m have been trounced by Liberty's unilateral decision to cap the upper limit at $135m! Teams' entry fees for...
Full Story »
Full Story »
You May Also Be Interested In...
F1 teams consider lobbying UK government as hard...
Formula 1 teams based in the UK are hoping an initiative by Britain's...
6y ago from F1i.com
Teams' entry fees for the 2019 world championship...
Formula 1's ten teams will fork out an aggregate amount of $17.4 million...
6y ago from F1i.com
F1's 2019 wing changes a ‘big hit' to teams
We, for good reason, have been focused on the 2020 regulation changes but...
6y ago from TheParcFerme.com
Formula 1 reports rise in TV viewership for 2018
Formula 1's TV and digital viewership figures increased for the second...
6y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta tops second Balaton Park MotoGP practice
KTM rider Pedro Acosta topped the timesheets in the second MotoGP...
3h ago from MotorsportWeek.c...
Jack Miller on 2026 MotoGP plans: ‘Your guess is...
Four-time MotoGP race winner Jack Miller is waiting for an answer from...
6h ago from MotorsportWeek.c...
Marc Marquez quickest in first MotoGP practice at...
Distant championship leader Marc Marquez continued his dominance by...
7h ago from MotorsportWeek.c...
Jack Miller has “options outside of Yamaha” as...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
PREMA adapting European approach to better suit IndyCar
PREMA has nearly completed its first season fielding a pair of entries in...
1d ago from MotorsportWeek.c...
NASCAR Trucks to join IndyCar for St. Petersburg race...
The 2026 schedule for the NASCAR Craftsman Truck Series (NCTS) was...
2d ago from MotorsportWeek.c...
Mexico IndyCar race edges closer as officials visit...
No description available...
2d ago from Motorsport.com
Marcus Armstrong will return to Meyer Shank Racing for...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
FIA launches tender process for new WRC promoter
No description available...
1d ago from Motorsport.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
1w ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
1w ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Documents signed: Fabrizio Romano explains whether...
All the documents have reportedly been signed for Eberechi Eze to complete...
5h ago from CaughtOffside.com
Tottenham only want players who wear club’s...
t;li>‘I don’t want players that don’t want to come to the...
43m ago from TheGuardian.com
Arsenal vs Leeds United Prediction and Betting Tips |...
The Premier League is back in action with another round of matches this...
1h ago from SportsKeeda.com
'Bit of a disaster really for Spurs to lose out' -...
Former Tottenham Hotspur striker Gary Lineker has shared his thoughts on...
3h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Verstappen stunned by team-mate reveal as...
Max Verstappen was left stunned after hearing a... Read More »
3h ago from GPFans.com
Adrian Newey leaves Fernando Alonso stunned: 'It's...
Aston Martin has signed Adrian Newey to head its... Read More »
6h ago from RacingNews365.com
Alex Albon reveals James Vowles impact after 'doom and...
Williams has been transformed under the... Read More »
33m ago from RacingNews365.com
