user icon

F1 cost cap of $145 million for 2021 now agreed - Brawn

  • Published on 05 May 2020 09:46
  • comments 3
  • By: Coilin Higgins

F1 managing director Ross Brawn has announced that the budget cap of $145 million for 2021 has now been agreed amongst teams.

F1 had been initially pushing for a cap of $175 million alongside the proposed regulations due to enter the sport in the 2021 season.

However, due to the ongoing coronavirus pandemic and the major delay to the start of the current season, the regulations were pushed on to 2022 with discussions to further lower the cap for 2021 in order to help teams financially.

The majority of teams were in favour of a cap at $145 million, but Ferrari warned that it may have to consider leaving the sport if the cap was lowered further, worrying it could have a negative effect on its staff and operations.

However, Brawn suggested that, given the current circumstances of the sport at the moment, a low budget cap will help the field become more competitive in future seasons.

“I think the details will be going out to the teams in the next few days,” Brawn told Sky Sports F1.

“There’s been a lot of consultation. And I think we’re now at the very final stages, so it will all become clear shortly.

“The budget cap’s initial objectives were a more competitive field. And I think with the situation we have now the economic sustainability of F1 is the priority."

'Very clear' F1 needed to cut costs

With the idea of introducing a cap and even lowering it in the coming years, Brawn insists bringing a budget cap into F1 was an absolutely necessary thing to do for the sake of the teams.

Brawn noted that the cap was not just in favour of the smaller teams on the grid, but to help all ten teams financially in F1,

“I think that counts as much for the big teams as it does for the small teams," Brawn added.

"And it’s become very clear from the people who stand above some of the team principals and management of these teams, the message is clear, we’ve got to cut costs.

“We started on $175m. That was a long battle to get it there. And with the current crisis, we’re now going to start at $145m. And the discussion really is how much further down can we drive it the next few years?”

Replies (3)

Login to reply
  • A real opportunity to make a bolder move, with all the right incentrives, seemingly missed. I don't feel like celebrating this - I worry instead that the lower teams will still find this cap, accepting it is not a hurdle to reach, too high and that it will continue to stifle competition. Hey ho.

    • + 0
    • May 5 2020 - 11:08
  • I genuinly think this is the right way to go. Maybe 150 would've sufficed, but regardless I feel this is a means to help the sport from not choking itself to death by overspending. Which it does, bigtime.

    • + 0
    • May 5 2020 - 12:01
  • Harryw

    Posts: 107

    Good start. Ferrari always think of themselves not F1 as a whole.

    • + 0
    • May 18 2020 - 19:09

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 GB
  • Date of b. Nov 23 1954 (66)
  • Place of b. Ashton-under-Lyne, Lancashire, England, GB
  • Weight 0 kg
  • Length 0.00 m
Show full profile

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
16 - Apr 18
Italy
7 - May 9
Spain
21 - May 23
Monaco
4 - Jun 6
Azerbaijan
11 - Jun 13
Canada
25 - Jun 27
France
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
21 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
11 - Jun 13
25 - Jun 27
France Paul Ricard
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