News Details
Formula 1 bosses make final budget offer to teams
Formula 1 bosses have made a final offer to teams of a sliding scale budget cap reducing from $145m to $130m over the next three years. The proposal is part of changes aimed at addressing the financial impact of the coronavirus in a letter to teams from F1 managing director Ross Brawn. F1 has proposed a cap of $145m (£116m) in 2021, reducing to $140m in 2022 and $135m for the period 2023-25. Teams will spend the coming days assessing the ideas before a vote. The proposals - which also include a sliding scale of allowance for aerodynamic research according to a team's success, and compensation for the manufacturer teams recognising the value of research and development of parts sold to...
Full Story »
Full Story »
You May Also Be Interested In...
F1 seeking agreement on $145m budget cap
Ross Brawn reveals that the teams are to be presented with a budget cap of...
5y ago from Pitpass.com
Brawn: Budget cap of $145m agreed for 2021
A greatly reduced budget cap for the 2021 season has been agreed upon...
5y ago from MotorsportWeek.com
F1 to meet on budget cap reduction & virus testing...
1 bosses will meet this week to discuss a reduction of the budget cap...
5y ago from BBC.co.uk
$145m budget cap for Formula 1 in 2021
Ross Brawn has confirmed that a $145 million budget cap for 2021 is close...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Liberty Media can’t follow its F1 play to boost...
No description available...
4h ago from Motorsport.com
Johann Zarco spends MotoGP summer break winning Suzuka...
No description available...
11h ago from Motorsport.com
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
2d ago from Motorsport.com
Former F1 team principal Guenther Steiner set to take...
Former Haas Formula 1 team principal Guenther Steiner is finalising a...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
4d ago from Motorsport.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
4d ago from MotorsportWeek.c...
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
5d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
12h ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
1d ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
1d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Former Arsenal and Chelsea star David Luiz completes...
Former Arsenal and Chelsea defender David Luiz has joined Pafos FC. The...
5h ago from SportsKeeda.com
Thomas Partey close to joining Villarreal in week of...
t;li>Former Arsenal midfielder has denied rape chargesPartey has agreed...
8h ago from TheGuardian.com
Arsenal not alone in race to sign Jeremy Jacquet;...
Arsenal are not the only club eyeing a move for Jeremy Jacquet this...
7h ago from SportsKeeda.com
'The more likely option' – Arsenal star tipped...
Arsenal have had a busy summer so far, and their busy is far from over...
8h ago from CaughtOffside.com
Comments
Hottest News
Sky F1 pundit gets police escort after Hungarian GP
Sky F1 pundit Naomi Schiff was given a police... Read More »
2h ago from GPFans.com
F1 tycoon pleads guilty over corruption scandal
Singapore-based billionaire hotelier Ong Beng... Read More »
56m ago from GPFans.com
Lewis Hamilton disqualification sparked major Ferrari fears...
Ferrari’s loss of pace towards the end of the... Read More »
3h ago from GPFans.com
