News Details
Smaller F1 teams target budget cap reduction to $100M!
Formula 1's smaller teams, who are most vulnerable to the sport's economic downturn following the coronavirus crisis, are seeking a reduction of next year's budget cap from $170 to $100 million. A disrupted 2020 championship which may not get underway until the late summer is set to inflict massive pain on F1, with revenues falling across the board for Liberty Media, the sport's commercial rights holder, but also for the teams which are preparing for a significant drop in financial revenue. Formula 1 is attempting to mitigate the effects of the shortfall with a series of measures destined to reduce costs for the teams. Szafnauer: 'Crucial' for smaller teams to have unchanged cars for 2021...
Full Story »
Full Story »
You May Also Be Interested In...
‘Smaller teams want lower cap, Ferrari says no'
Formula 1's smaller teams are pushing for next year's budget cap to be...
5y ago from PlanetF1.com
Auto, Motor und Sport: 'FIA considers stricter budget...
Formula 1 is struggling with the consequences of the coronavirus and it...
5y ago from GPBlog.com
Rosberg ditches smartphone to avoid coronavirus frenzy
Nico Rosberg has his own strategy for surmounting the current coronavirus...
5y ago from F1i.com
F1 teams meet Monday: Small teams want even lower...
The Formula 1 season is still at a standstill and that has consequences...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Brazilian GP: Marco Bezzecchi leads Jorge...
No description available...
3h ago from Motorsport.com
“Unacceptable conditions” - Alex Rins, Alex...
No description available...
1h ago from Motorsport.com
Marco Bezzecchi and Jorge Martin dominate as Aprilia...
Marco Bezzecchi dominated the Brazilian MotoGP Grand Prix to secure...
3h ago from MotorsportWeek.c...
Marc Marquez: Brazil GP mistake came at corner where...
No description available...
2h ago from Motorsport.com
Popular On IndyCarToday.com
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
22h ago from Motorsport.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
5d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
5d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
1d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
1d ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal boss Mikel Arteta says it would have been...
Arsenal manager Mikel Arteta has defended his decision to start Kepa...
29m ago from SportsKeeda.com
Ian Wright questions Arsenal mentality after Man City...
Ian Wright has questioned Arsenal’s mentality following their 2-0 defeat...
2h ago from CaughtOffside.com
'Title race can quickly change!' | Redknapp says...
Jamie Redknapp says Manchester City's win over Arsenal in the Carabao Cup...
2h ago from SkySports.com
Carabao Cup final ratings: O'Reilly faultless as...
Manchester City beat Arsenal to the League Cup with a near-perfect display...
1h ago from SkySports.com
Comments
Hottest News
Max Verstappen 'isn't happy' at Red Bull and George Russell...
Concerns have been raised over George Russell's... Read More »
1h ago from GPFans.com
Mercedes respond to Max Verstappen DSQ as Ferrari deliver...
Catch up on the biggest news stories of the day... Read More »
59m ago from RacingNews365.com
Max Verstappen team-mate sheds light on Nurburgring mistake
A team-mate who drove alongside four-time F1... Read More »
19m ago from GPFans.com
