user icon

Racing Point will be 'nowhere near' $175m budget cap

  • Published on 16 Nov 2019 17:51
  • comments 0
  • By: Fergal Walsh

Racing Point will be "nowhere near" spending the $175 million budget cap that has been set for 2021. 

In just over a year, Formula 1 will have an injection of fresh regulations that will see major changes to both the technical and sporting side of operations. 

The new technical regulations are aimed at allowing the cars to follow and fight each other more easily on the circuit, while the sporting regulations aim to see the gap between the top teams an the midfield outfits shrink.

MORE: Hakkinen: 2021 rules should see more teams winning races

Despite the spending cap that will see the bigger teams disburse much less, Racing Point team principal Otmar Szafnauer says his outfit will not get near spending up to the allocated limit.

"We’re going to be nowhere near it so it will not have a big impact on us but some of the bigger teams that will have to perhaps downsize," he said. 

"I’m sure it will have an impact in the short term and then they’ll hit some type of equilibrium where they’ll continue to be strong but I think it will have an impact at the beginning."

Szafnauer also questioned the effectiveness of the 2021 technical rules, pointing out that the 2019 changes to the front wing were aimed at making the cars easier to follow each other. 

"Will the new regulations help overtaking? I can’t predict that," Szafnauer stated. "We thought that the new front wing this year was going to do that and it didn’t so I’m unsure.

"Hopefully, the work that’s been put in with creating a different wake of the leading car will have an impact on the following car but whether it allows more overtaking, I can’t predict that."

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?

Driver profile

  • Team -
  • Points -
  • Podiums -
  • Grand Prix -
  • Country US
  • Date of b. Aug 13 1964 (56)
  • Place of b. Romania, US
  • Weight 0 kg
  • Length 0.00 m
Show full profile

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