News Details
Teams officially agree to a reduced cost cap for 2021
A cost-cutting package for the 2021 season has been agreed upon by Formula 1 teams, the package including a reduced $145 million cost cap. In a vote, teams agreed to drop the originally planned cost cap of $175m by $30m to just $145m. This figure has been public knowledge for some time, but now Formula 1 officials can take the regulation to the FIA world motorsport council for the final seal of approval. Article continues under video Ferrari are believed to have been the team most opposed to a reduced cost cap, with team principal Mattia Binotto publicly saying that the introduction of this cap could, "put [Ferrari] in a position of having to look at other further options for...
Full Story »
Full Story »
5y ago from GPFans.com
0
You May Also Be Interested In...
F1 teams set for $145M cost cap, radical aero handicap...
According to reports, Formula 1, the FIA and the teams have agreed to a...
5y ago from TheParcFerme.com
Formula 1 to vote on cap, other rule changes on Friday
Formula 1 is set to vote on a raft of regulation changes on Friday, most...
5y ago from GrandPrix247.com
Formula 1 teams approve cost-cap, other changes
Formula 1 is set to move forward with a $145 million budget cap...
5y ago from GrandPrix247.com
F1 to unveil huge cost-cutting package, including...
Formula 1 teams have reportedly signed off on a huge package of...
5y ago from MotorsportWeek.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
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
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
'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
Lewis Hamilton disqualification sparked major Ferrari fears...
Ferrari’s loss of pace towards the end of the... Read More »
3h ago from GPFans.com
Knives out for Horner in aftermath of sacking as Red Bull...
No description available... Read More »
10h ago from GrandPrix247.com
