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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 - 2019

Date
Grand Prix
Circuit
-
Spain
-
Spain
15 - Mar 17 2019
Australia
29 - Mar 31 2019
Bahrain
-
Bahrain
12 - Apr 14 2019
China
26 - Apr 28 2019
Azerbaijan
10 - May 12 2019
Spain
-
Spain
23 - May 26 2019
Monaco
7 - Jun 9 2019
Canada
21 - Jun 23 2019
France
28 - Jun 30 2019
Austria
12 - Jul 14 2019
United Kingdom
26 - Jul 28 2019
Germany
2 - Aug 4 2019
Hungary
30 - Sep 1 2019
Belgium
6 - Sep 8 2019
Italy
20 - Sep 22 2019
Singapore
27 - Sep 29 2019
Russian
11 - Oct 13 2019
Japan
25 - Oct 27 2019
Mexico
1 - Nov 3 2019
United States of America
15 - Nov 17 2019
Brazil
29 - Dec 1 2019
United Arab Emirates
-
United Arab Emirates
See full schedule

Formula 1 Calendar - 2019

Date
Grand Prix & Circuit
15 - Mar 17 2019
Australia Albert Park
29 - Mar 31 2019
12 - Apr 14 2019
26 - Apr 28 2019
Azerbaijan Baku City Circuit
10 - May 12 2019
23 - May 26 2019
Monaco Monte Carlo
7 - Jun 9 2019
21 - Jun 23 2019
France Paul Ricard
28 - Jun 30 2019
Austria Red Bull Ring
12 - Jul 14 2019
United Kingdom Silverstone
26 - Jul 28 2019
Germany Hockenheimring
2 - Aug 4 2019
Hungary Hungaroring
30 - Sep 1 2019
6 - Sep 8 2019
Italy Monza
20 - Sep 22 2019
27 - Sep 29 2019
Russian Sochi Autodrom
11 - Oct 13 2019
25 - Oct 27 2019
1 - Nov 3 2019
United States of America Circuit of the Americas
15 - Nov 17 2019
Brazil Interlagos
29 - Dec 1 2019
United Arab Emirates Yas Marina Circuit
-
United Arab Emirates Yas Marina Circuit
See full schedule
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