News Details
Major F1 cost-saving changes approved by FIA
The FIA's World Motor Sport Council has approved major changes to the sporting, technical and financial regulations that will help to safeguard Formula 1 in the wake of the COVID-19 pandemic. F1's ten teams had agreed to the radical package of cost-cutting measures in a vote last week, and the changes have now been officially ratified by the World Motor Sport Council as expected following an e-vote on Wednesday. Among the raft of financial rules aimed at reducing costs amid uncertainty caused by the ongoing coronavirus crisis, a budget cap of $145m will be introduced for 2021. That will be reduced by a further $5m to $140m for 2022 and lowered again to $135 for the 2023-2025...
Full Story »
Full Story »
You May Also Be Interested In...
FIA approves changes to 2020, 2021 and 2022 F1...
The World Motor Sport Council has approved by e-vote further changes to...
5y ago from GrandPrix247.com
WMSC approves changes to 2020, 2021 and 2022...
The World Motor Sport Council has approved further changes to the...
5y ago from Pitpass.com
Officially: Formula 1 accepts new, additional...
The World Motor Sport Council has approved further amendments to the...
5y ago from GPBlog.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
Elsewhere On The Network
Popular On MGPToday.com
Why Jorge Martin is back - but not at his best yet in...
No description available...
7h ago from Motorsport.com
MotoGP's Concorde Agreement edges closer as talks near...
No description available...
13h ago from Motorsport.com
MotoGP completes investigation into Brazilian GP...
No description available...
1d ago from Motorsport.com
Maverick Vinales and Jorge Lorenzo's partnership cools...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar changes Arlington results, penalizing Kyffin...
No description available...
1h ago from Motorsport.com
Ed Carpenter set for one-off Indy 500 run with...
No description available...
6h ago from Motorsport.com
Will Power compares ‘military-like’ Andretti to...
When Will Power signed a contract to join Andretti Global for the 2026...
1d ago from MotorsportWeek.c...
Will Power: “You cannot have a weakness” going...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
4d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal eye statement signing of 19-G/A attacker who...
Arsenal are looking to sign the PSG attacker Khvicha Kvaratskhelia at the...
3h ago from CaughtOffside.com
Liverpool eye key replacement as Arsenal & Man...
Arsenal, Manchester United and Liverpool are reportedly interested in...
3h ago from CaughtOffside.com
Arsenal plot 35M raid for one of Brazil's brightest...
Arsenal are looking to sign a quality right back in the summer, and they...
4h ago from CaughtOffside.com
Arsenal latest: 'Gunners target summer deal for PSG's...
No description available...
4h ago from SkySports.com
Comments
Hottest News
F1 legend Martin Brundle reveals the thing he hates about...
Sky F1 pundit and TV icon Martin Brundle has... Read More »
35m ago from GPFans.com
Lewis Hamilton leaves F1 fans in awe with mega drive ahead...
Lewis Hamilton's arrival in Tokyo was marked with... Read More »
1h ago from GPFans.com
Major Japanese GP threat reduced as Max Verstappen issues...
Check out the biggest stories from Wednesday,... Read More »
1h ago from RacingNews365.com
