user icon

FIA to introduce a cost cap for F1 in 2015

  • Published on 10 Dec 2013 09:43
  • comments 0
  • By: Rob Veenstra
A 'cost cap' in formula one is coming, the FIA said in a surprising announcement on Monday. Although many teams are facing financial difficulties, the idea of compulsorily capping annual budgets has remained highly controversial. But FIA president Jean Todt told France's L'Equipe last week: "We need to focus on the problem of costs at all levels of motor sport, not only formula one."

So, after a Paris meeting of the sport's new strategy group and the F1 Commission, and with Todt declaring a "mandate", the sport's governing body said the "principle of a global cost cap has been adopted" for F1. "The limit will be applied from January 2015," the FIA declared.

Current F1 team budgets are believed to range from about $60 million at the back of the grid, to several hundred million for frontrunners Red Bull and Ferrari. The actual number eventually set for the cap is therefore the crucial detail. "If we're all at 50 or 100 million budget, the show will be no different at all," Caterham boss Cyril Abiteboul argued recently.

The FIA said it will now establish a 'working group' tasked with having the 2015 budget cap regulations approved by June of next year. "In the end," Lotus chief Eric Boullier added, "if we don't do this, it's going to be more and more difficult to survive."

Meanwhile, in addition to the highly controversial 'double points' rule for the 2014 finale, the FIA on Monday also announced that drivers will choose a permanent race number, between 2 and 99, to keep for their entire F1 careers. And the FIA said every team was invited to attend Pirelli's Bahrain tyre test with 2013 cars next week, but only Red Bull, Mercedes, Ferrari, McLaren, Force India and Toro Rosso took up the offer. (GMM)

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2021

Show full world champion standings

Test calendar

Bahrain International Circuit - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Team profile

Show full profile

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
16 - Apr 18
Italy
7 - May 9
Spain
20 - May 23
Monaco
4 - Jun 6
Azerbaijan
18 - Jun 20
France
25 - Jun 27
Austria
2 - Jul 4
Austria
16 - Jul 18
United Kingdom
30 - Aug 1
Hungary
27 - Aug 29
Belgium
3 - Sep 5
Netherlands
10 - Sep 12
Italy
24 - Sep 26
Russian
1 - Oct 3
Singapore
8 - Oct 10
Japan
22 - Oct 24
United States of America
29 - Oct 31
Mexico
5 - Nov 7
Brazil
19 - Nov 21
Australia
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar