News Details
Horner: Budget cap has forced 'painful' redundancies
Article To news overview © Getty Images/Red Bull Contentpool Red Bull team boss Christian Horner has said that the enforced downsizing of the team due to the introduced budget cap, has resulted in having to make 'painful' redundancies. Formula 1 teams are restricted to a budget of $145 million in 2021, as part of the new financial cost cap introduced to the sport in an effort to increase competition across the field. While smaller teams might not have trouble keeping to that cap, bigger teams like Red Bull Racing are having to downsize their operations a little in order to reduce costs. We’ve had to go through the pain of redundancies over the winter," confirmed Christian Horner in...
Full Story »
Full Story »
4y ago from RacingNews365.com
0
You May Also Be Interested In...
Wolff and Horner reveal "pain" of axing...
Ian Parkes Friday 2 april 2021 17:05 Mercedes team principal Toto Wolff...
4y ago from GPFans.com
Red Bull long-term staff redundancies ‘painful'
Red Bull boss Christian Horner discussed the mammoth task of falling...
4y ago from PlanetF1.com
Horner: 'Dirt on Verstappen's tyres gave Lewis...
Christian Horner is disappointed Max Verstappen was unable to take the...
4y ago from GPBlog.com
Horner: 'Dirt on Verstappen's tyres gave Lewis...
Christian Horner is disappointed Max Verstappen was unable to take the...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini in, Franco Morbidelli out for MotoGP...
No description available...
15h ago from Motorsport.com
Marco Bezzecchi reveals cause of ‘disappointing’...
Marco Bezzecchi revealed “braking more softly” may have been the...
17h ago from MotorsportWeek.c...
What riders are back on the MotoGP grid for Czech GP?
No description available...
1d ago from Motorsport.com
German GP signs deal to remain on MotoGP calendar...
The organisers of the German GP have announced that the race will remain...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar Iowa – Race 1 Results
The first race of IndyCar’s double-header weekend from Iowa Speedway...
10h ago from MotorsportWeek.c...
Taylor Barnard rejected McLaren IndyCar and WEC offers...
Taylor Barnard has turned down the chance to race for Arrow McLaren in...
11h ago from MotorsportWeek.c...
Ed Carpenter Racing announces new Westfield...
No description available...
1d ago from Motorsport.com
Why it isn’t “unrealistic” for Alex Palou to...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Rally Portugal criticism forces WRC, FIA to rethink...
No description available...
13h ago from Motorsport.com
Sudden failure forces Adrien Fourmaux out of Rally...
No description available...
13h ago from Motorsport.com
Sebastien Ogier spurns WRC title fight despite flurry...
No description available...
13h ago from Motorsport.com
Franco Colapinto is still fighting Alpine’s...
No description available...
13h ago from Motorsport.com
Popular On GunnersToday.com
Surprise PL club interested in signing player wanted...
Wolverhampton Wanderers are reportedly planning a summer raid for Real...
8h ago from SportsKeeda.com
Crystal Palace open to cash plus swap deal offer with...
Crystal Palace are reportedly open to a cash plus player bid for Arsenal...
9h ago from SportsKeeda.com
Arsenal hold serious talks to sign Bayern Munich star...
According to German media outlet Bild (via Metro), Arsenal are considering...
11h ago from SportsKeeda.com
Report: Arsenal beat Liverpool and Manchester City to...
Arsenal look set to win the race for one of England’s most talked-about...
14h ago from FreshArsenal.com
Comments
Hottest News
Christian Horner's HEARTBREAKING response to which F1 team...
Axed Red Bull team principal Christian Horner... Read More »
12h ago from GPFans.com
Yuki Tsunoda highlights upcoming boost in Max Verstappen...
Yuki Tsunoda has not enjoyed a positive opening... Read More »
31m ago from RacingNews365.com
Martin Brundle signals key reason behind shock Christian...
Red Bull caused a stir earlier this month with... Read More »
11h ago from RacingNews365.com
