News Details
Working group to investigate F1 driver salary cap
Formula 1 will create a working group, which will include drivers, in order to evaluate the possibility of introducing tighter financial control on leading figures in the championship. Formula 1 has long sought to reduce costs and for the first time this season financial regulations will be in force. An annual budget cap of $145m has been implemented, a reduction on the initial $175m proposed in late 2019, as a response to the Covid-19 pandemic. This figure will reduce to $140m next year and then $135m in 2023 in order to assist some operations to adjust to the scale and size of the change. However there are several exemptions, most notably costs relating to marketing, race driver...
Full Story »
Full Story »
4y ago from MotorsportWeek.com
0
You May Also Be Interested In...
Formula 1 presents viewing figures for 2020: Growth in...
Formula 1 has released the figures for the 2020 Formula 1 season. The...
4y ago from GPBlog.com
F1 presents viewing figures for 2020: Enormous growth...
Formula 1 has released the figures for the 2020 Formula 1 season. The...
4y ago from GPBlog.com
McLaren Racing CEO Calls For Driver Salary Cap Amid...
McLaren Racing CEO Zak Brown has called on Formula One to agree a driver...
4y ago from Formula1News.co.uk
Oxford Dictionary Removes ‘Outdated’ Words...
Three words have been removed from the Oxford Advanced Learner’s...
4y ago from Formula1News.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez scrapes into Q2 at MotoGP Czech Grand...
No description available...
56m ago from Motorsport.com
Marc Marquez leads the way in second Brno MotoGP...
The complex interchangeable conditions sees Marc Marquez lead the field...
4h ago from MotorsportWeek.c...
How Jorge Martin's first day back with Aprilia in...
No description available...
1h ago from Motorsport.com
Marc Marquez tops first MotoGP practice in Brno
Factory Ducati's Marc Marquez topped the timesheets in the first MotoGP...
8h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Kyle Kirkwood says people should appreciate Alex...
No description available...
1d ago from Motorsport.com
Arrow McLaren's Nolan Siegel cleared to race in Toronto
No description available...
1d ago from Motorsport.com
Taylor Barnard rejected McLaren IndyCar and WEC offers...
Taylor Barnard has turned down the chance to race for Arrow McLaren in...
2d ago from MotorsportWeek.c...
IndyCar Iowa – Race 1 Results
The first race of IndyCar’s double-header weekend from Iowa Speedway...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg continues dream Rally1 return to extend...
No description available...
1h ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
7h ago from Motorsport.com
Sensational Solberg leads Rally Estonia!
It may be just a one-off outing in Toyota Gazoo Racing’s GR Yaris...
36m ago from MotorsportWeek.c...
Popular On GunnersToday.com
'I leave here with nothing but fond memories' - Noni...
Noni Madueke has confirmed his departure from Chelsea as he joins Arsenal...
2h ago from SportsKeeda.com
Official: Arsenal confirm the signing of Noni Madueke...
Arsenal have completed the signing of Noni Madueke from Chelsea, with the...
2h ago from FreshArsenal.com
Romano update on Arsenal & Chelsea contact for...
Chelsea and Arsenal are interested in signing the RB Leipzig attacker Xavi...
3h ago from CaughtOffside.com
Arsenal and Chelsea among clubs keeping tabs on...
RB Leipzig attacking midfielder Xavi Simons reportedly wants to move to...
2h ago from SportsKeeda.com
Comments
Hottest News
Verstappen given boost after fending off F1 title rival to...
Four-time champion Max Verstappen has... Read More »
56m ago from GPFans.com
Guenther Steiner predicts Max Verstappen future: 'He's a...
Max Verstappen has been heavily linked to a shock... Read More »
1h ago from RacingNews365.com
Liam Lawson expresses major Red Bull regret after F1 axe
Liam Lawson was demoted from Red Bull back to... Read More »
45m ago from RacingNews365.com
