News Details
Wolff: Mercedes may consider other categories
Toto Wolff says Mercedes may consider joining other categories as the 2021 budget cap will leave them with surplus personnel. The new regulations will limit teams to spending no more than $145 million for the 2021 season. The cap will then be reduced to $14omillion for 2022 before staying at $135million from 2023 to 2025. Wolff, the team boss, feels that these changes make remaining in the sport more financially feasible for Mercedes and their competitors. 'First of all, we're living in a financial reality that is very different to pre-COVID-19, and we have accepted the lower budget cap and it is a must that successful F1 franchises earn money rather than lose money,' he told Autosport....
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Wolff: Motorsport has to reduce entry-level costs
Mercedes boss Toto Wolff believes motorsport has to become “much more...
5y ago from MotorsportWeek.com
Daimler denies rumours: 'Wolff remains team boss of...
According to several rumours, Toto Wolff would leave after the 2020...
5y ago from GPBlog.com
Ecclestone doesn't support budget cap: 'It's been...
As of 2021 there will be a budget cap that Formula 1 teams will have to...
5y ago from GPBlog.com
Horner: 'F1 shouldn't become an accounting...
Last week the teams and Formula 1 agreed on the budget cap that will be...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
1d ago from Motorsport.com
Former F1 team principal Guenther Steiner set to take...
Former Haas Formula 1 team principal Guenther Steiner is finalising a...
1d ago from MotorsportWeek.c...
Why Alex Marquez isn't worried he’s tumbling out of...
No description available...
2d ago from Motorsport.com
‘At Balaton, MotoGP bikes might not even use fifth...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
3d ago from Motorsport.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
3d ago from MotorsportWeek.c...
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
4d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanpera relieved to finally achieve...
No description available...
11h ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
15h ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
15h ago from MotorsportWeek.c...
World Rally Champion claims “all hopes are lost”...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Premier League 2025-26 preview No 1: Arsenal
el Arteta enters a pivotal season after finally buying a centre-forward...
4h ago from TheGuardian.com
Saudi Arabia make decision regarding possible summer...
Saudi Arabia have pulled the plug on their pursuit of Real Madrid's...
11h ago from SportsKeeda.com
'He has champion mentality in bucket loads' -...
Former Arsenal academy coach Temisan Williams believes teenage star Max...
11h ago from SportsKeeda.com
'It's not a step up, it's not a step down' - Pundit...
Former Chelsea winger Pat Nevin believes Noni Madueke's transfer to...
13h ago from SportsKeeda.com
Comments
Hottest News
Hungarian Grand Prix - Race results
Full race results from the Hungarian Grand Prix... Read More »
12h ago from F1i.com
Charles Leclerc reveals Ferrari issue that caused alarming...
Charles Leclerc has revealed an issue with his... Read More »
11h ago from MotorsportWeek.com
FIA announce Max Verstappen penalty verdict after ANOTHER...
The FIA have reached a verdict over Max... Read More »
10h ago from GPFans.com
