user icon
user icon

Liberty eyes 150 million budget cap for F1 in 2021

  • Published on 13 Sep 2017 14:27
  • comments 8
  • By: Rob Veenstra

Liberty Media is looking to introduce a budget cap of EUR 150 million per team from 2021. Germany's Sport Bild reports that the new F1 owner intends to bring in the dramatic rule to compliment the cheaper engine rules, with teams then allowed to spend a further EUR 50 million on marketing, hospitality and drivers.

The smaller teams are obviously supportive of the move to level the playing field. "That number (EUR 150m) would actually be an increase for us," said Haas team owner Gene Haas. "I think the bigger problem is the bigger teams."

Indeed, staff numbers counting 1000 plus are no longer unusual at the top of F1, so the biggest impact of the budget cap would be the forced loss of hundreds of jobs. "That's where the new owners are going to run into some big obstacles," said Haas. "You just can't change it overnight."

But that's where the pre-2021 'glide path' comes in, with even Mercedes' Toto Wolff saying he is open to budget cap discussions about that. "I think we all live in the same financial reality, we have all seen teams growing dramatically over the years and we are all very sensible about wanting to somehow contain it," he said. "The discussions that have been happening are at a very early stage but I think there is no big disagreement." (GMM)

Replies (8)

Login to reply
  • Kean

    Posts: 692

    what are the current budgets of Mercedes, Ferrari, RBR and Mclaren, anyone?

    • + 0
    • Sep 13 2017 - 14:50
  • A wise idea.

    • + 0
    • Sep 13 2017 - 16:42
  • mbmwe36

    Posts: 533

    This I suspect will benefit the likes of Ferrari and Mercedes greatly. There is no way to control how they develop their "street cars" and I would suspect there will be quite the unofficial crossover between the different departments.

    • + 0
    • Sep 13 2017 - 17:13
    • RogerF1

      Posts: 501

      Totally agree, development through the back door. How would they ever police what would be happening on engine design simulations and dyno's in the OEM's. Development straight jacket on the independent teams.

      • + 0
      • Sep 14 2017 - 00:20
  • boudy

    Posts: 1,168

    Changes will be required; However I can't see Ferrari supporting this change.

    • + 0
    • Sep 13 2017 - 17:32
  • kngrthr

    Posts: 203

    Ferrari say that formula 1 is part of their business model. it helps them sell road cars and the road cars help pay for F1.
    that's a perfectly legitimate way to go about it.
    and if a great F1 idea or technology gets on to a road car great.
    and visa versa is ok too.
    i don't believe we can tell them to separate the racing from the road car business completely

    • + 0
    • Sep 14 2017 - 05:06
  • Bhurt

    Posts: 320

    No shortage of dumb ideas in F1. This is yet another one.

    • + 0
    • Sep 14 2017 - 22:07

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

Test calendar

Circuit de Catalunya - Winter testing

Circuit de Catalunya - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

World Championship standings 2020

Show full world champion standings

Formula 1 Calendar - 2020

Date
Grand Prix
Circuit
-
Spain
-
Spain
3 - Jul 5
Austria
10 - Jul 12
Austria
17 - Jul 19
Hungary
31 - Aug 2
United Kingdom
7 - Aug 9
United Kingdom
14 - Aug 16
Spain
28 - Aug 30
Belgium
4 - Sep 6
Italy
11 - Sep 13
Italy
25 - Sep 27
Russian
9 - Oct 11
Germany
13 - Nov 15
Turkey
26 - Nov 29
Bahrain
10 - Dec 13
United Arab Emirates
See full schedule

Formula 1 Calendar - 2020

Date
Grand Prix & Circuit
3 - Jul 5
Austria Red Bull Ring
10 - Jul 12
Austria Red Bull Ring
17 - Jul 19
Hungary Hungaroring
31 - Aug 2
United Kingdom Silverstone
7 - Aug 9
United Kingdom Silverstone
14 - Aug 16
28 - Aug 30
4 - Sep 6
Italy Monza
11 - Sep 13
Italy Mugello
25 - Sep 27
Russian Sochi Autodrom
9 - Oct 11
Germany Nurburgring
13 - Nov 15
Turkey Istanbul Park
26 - Nov 29
10 - Dec 13
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar