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?”

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.

  • 1
  • May 5 2020 - 11:08

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.

    • + 1
    • 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.

    • + 1
    • May 5 2020 - 12:01
  • Harryw

    Posts: 107

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

    • + 1
    • May 18 2020 - 19:09

BE Grand Prix of Belgium

Local time 

BEGrand Prix of Belgium

Local time 

World Championship standings 2024

Show full world champion standings

Test calendar

See full test schedule

Related news

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2024

Date
Grand Prix
Circuit
-
Bahrain
29 - Mar 2
Bahrain
7 - Mar 9
Saudi Arabia
22 - Mar 24
Australia
5 - Apr 7
Japan
19 - Apr 21
China
3 - May 5
United States of America
17 - May 19
Italy
24 - May 26
Monaco
7 - Jun 9
Canada
21 - Jun 23
Spain
28 - Jun 30
Austria
5 - Jul 7
United Kingdom
19 - Jul 21
Hungary
26 - Jul 28
Belgium
23 - Aug 25
Netherlands
30 - Sep 1
Italy
13 - Sep 15
Azerbaijan
20 - Sep 22
Singapore
18 - Oct 20
United States of America
25 - Oct 27
Mexico
1 - Nov 3
Brazil
22 - Nov 24
United States of America
29 - Dec 1
Qatar
6 - Dec 8
United Arab Emirates
See full schedule

Formula 1 Calendar - 2024

Date
Grand Prix & Circuit
29 - Mar 2
7 - Mar 9
Saudi Arabia Jeddah Street Circuit
22 - Mar 24
Australia Albert Park
5 - Apr 7
19 - Apr 21
3 - May 5
United States of America Miami International Autodrome
17 - May 19
24 - May 26
Monaco Monte Carlo
7 - Jun 9
21 - Jun 23
28 - Jun 30
Austria Red Bull Ring
5 - Jul 7
United Kingdom Silverstone
19 - Jul 21
Hungary Hungaroring
26 - Jul 28
23 - Aug 25
Netherlands Circuit Zandvoort
30 - Sep 1
Italy Monza
13 - Sep 15
Azerbaijan Baku City Circuit
20 - Sep 22
18 - Oct 20
United States of America Circuit of the Americas
25 - Oct 27
1 - Nov 3
Brazil Interlagos
22 - Nov 24
United States of America Las Vegas Street Circuit
29 - Dec 1
6 - Dec 8
United Arab Emirates Yas Marina Circuit
See full schedule

Driver profile

  • Team -
  • Points -
  • Podiums -
  • Grand Prix -
  • Country United Kingdom
  • Date of b. Nov 23 1954 (69)
  • Place of b. Ashton-under-Lyne, Lancashire, England, United Kingdom
  • Weight 0 kg
  • Length 0 m
Show full profile
show sidebar