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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."

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Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28 2021
Bahrain
16 - Apr 18 2021
Italy
30 - May 2 2021
Portugal
7 - May 9 2021
Spain
20 - May 23 2021
Monaco
4 - Jun 6 2021
Azerbaijan
18 - Jun 20 2021
France
25 - Jun 27 2021
Austria
2 - Jul 4 2021
Austria
16 - Jul 18 2021
United Kingdom
30 - Aug 1 2021
Hungary
27 - Aug 29 2021
Belgium
3 - Sep 5 2021
Netherlands
10 - Sep 12 2021
Italy
24 - Sep 26 2021
Russian
8 - Oct 10 2021
Japan
8 - Oct 10 2021
Turkey
22 - Oct 24 2021
United States of America
5 - Nov 7 2021
Mexico
12 - Nov 14 2021
Brazil
19 - Nov 21 2021
Qatar
3 - Dec 5 2021
Saudi Arabia
10 - Dec 12 2021
United Arab Emirates
-
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28 2021
16 - Apr 18 2021
30 - May 2 2021
7 - May 9 2021
20 - May 23 2021
Monaco Monte Carlo
4 - Jun 6 2021
Azerbaijan Baku City Circuit
18 - Jun 20 2021
France Paul Ricard
25 - Jun 27 2021
Austria Red Bull Ring
2 - Jul 4 2021
Austria Red Bull Ring
16 - Jul 18 2021
United Kingdom Silverstone
30 - Aug 1 2021
Hungary Hungaroring
27 - Aug 29 2021
3 - Sep 5 2021
Netherlands Circuit Zandvoort
10 - Sep 12 2021
Italy Monza
24 - Sep 26 2021
Russian Sochi Autodrom
8 - Oct 10 2021
8 - Oct 10 2021
Turkey Istanbul Park
22 - Oct 24 2021
United States of America Circuit of the Americas
5 - Nov 7 2021
12 - Nov 14 2021
Brazil Interlagos
19 - Nov 21 2021
3 - Dec 5 2021
Saudi Arabia Jeddah Street Circuit
10 - Dec 12 2021
United Arab Emirates Yas Marina Circuit
-
United Arab Emirates Yas Marina Circuit
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