News Details

F1's big cost-cutting changes approved

F1's big and wide-ranging package of cost-cutting measures - headlined by a tighter budget cap - have been approved from 2021 onwards as the sport bids to become more sustantable and competiitve into the future. Rubber stamped by the World Motor Sport council on Wednesday, F1 will introduce a $145m budget cap from next season and - for the first time - a development handicap system for the more successful teams. McLaren to make redundancies F1 had previously agreed to install the sport's first-ever budget cap from next year with a limit of $175m, as part of a wider package of technical, sporting and financial rule changes designed to improve the spectacle and give more teams a chance of...
Full Story »
5y ago from SkySports.com 0
Share

You May Also Be Interested In...

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

F1 teams approve radical cost-cutting measures

Formula 1 teams have approved major cost-cutting changes aimed at helping...
5y ago from Crash.net

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

Formula 1 teams agree cost-cutting package

Formula 1 teams have agreed to a package of cost-cutting changes to help...
5y ago from BBC.co.uk

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...
23h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Thomas Partey close to joining Villarreal in week of...

t;li>Former Arsenal midfielder has denied rape chargesPartey has agreed...
50m ago from TheGuardian.com

Ex-Arsenal star Thomas Partey in final stages of...

Former Arsenal midfielder Thomas Partey is reportedly on the cusp of a La...
1h ago from SportsKeeda.com

Arsecast Extra Episode 652 – 04.08.2025

Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
30m ago from Arseblog.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.