News Details

Formula 1 teams to meet over budget cap reduction

Formula 1 teams and bosses are to meet next week to discuss a proposal to reduce the sport's budget cap to $130m (£104.6m) by 2022. A meeting on Thursday broke up without agreement but all sides described it as positive and constructive. The main discussion was over a plan to set a cap of $145m (£116.6m) next year and lower it to $130m in 2022. A sliding scale for aerodynamic research was also discussed, with less successful teams allowed more. F1 faces 'difficult' decision to restart racing F1 teams receive 20,000 NHS orders for equipment That was an idea put forward by the top teams, who presented it as an elegant way to level the field, in a similar fashion to the draft in...
Full Story »
5y ago from BBC.co.uk 0
Share

You May Also Be Interested In...

Todt pleads for drastic reduction of budget limit:...

As a result of the COVID-19 corona crisis, a number of Formula 1 teams...
5y ago from GPBlog.com

Binotto: Maybe the answer is not a single budget cap

Formula 1 has to consider the 'different situations' some teams find...
5y ago from GrandPrix247.com

Ferrari's Binotto in favour of two-tier budget cap...

Ferrari boss Mattia Binotto is in favour of a two-tier budget cap system...
5y ago from F1i.com

Brown: Teams against cap reduction are playing with...

Formula 1's biggest spenders need to consider what is good for the health...
5y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

FOX acquires 33% stake in Penske Entertainment, IndyCar

Fox Corporation, parent company of broadcast company FOX Sports, has...

Colton Herta: IndyCar at Laguna Seca is a...

IndyCar’s latest visit to Laguna Seca produced rave reviews from...

Popular On TotalWRC.com

Kalle Rovanperä hits the jackpot

Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...

Popular On GunnersToday.com

Fabio Vieira set for Stuttgart? Young French defender...

Morning. I just woke from a dream that I had the job of Sporting Director...
51m ago from Arseblog.com

Sources: Arsenal lead defender chase amid fierce...

Arsenal are making early moves in the race to sign highly rated French...
1h ago from CaughtOffside.com

Arsenal vs Villarreal Prediction and Betting Tips |...

Arsenal resume their pre-season tour with another club friendly this week...
11h ago from SportsKeeda.com

Arsenal not alone in race to sign Jeremy Jacquet;...

Arsenal are not the only club eyeing a move for Jeremy Jacquet this...
18h ago from SportsKeeda.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.