user icon
user icon

F1 teams reportedly agree on changes to cost cap measures

  • Published on 23 May 2020 09:18
  • comments 0
  • By: Coilin Higgins

It has been reported that teams have agreed on changes to the F1 cost-cutting cap, which is implemented to enter the sport next season.

According to BBC Sport, the teams have agreed on a cap of $145 million for 2021, which was lowered from the original agreement of $175 million.

The budget cap will then be reduced by $5 million to $140 million for 2022, with a further reduction of $5 million to $135 million for the seasons between 2023 and 2025.

It is understood that these agreements have been made in order to help teams as much as possible during the ongoing coronavirus pandemic.

BBC Sport also reports that a number of senior figures in F1 have also agreed to the budget cap changes, but that they wish to remain anonymous at this time.

Teams are also looking at a number of other methods for the coming years in order to level out the competition in F1 for the coming years, including a possible handicap on the current teams' development.

Ferrari recently voiced concerns over lowering the budget below $150 million as it would impact negatively on staff and factory operations, with Mattia Binotto believing a programme in Indycar alongside F1 in the future could be possible.

Along with the proposed agreements in capping the budget for teams in 2021, teams also recently agreed to delay the rule regulation changes, which were set to enter the sport in 2021, until 2022 in response to the coronavirus outbreak.

The current regulations will be used for 2021 with teams using their current chassis for next season. However, an exception will be made for the McLaren team, who will need to change its chassis design in order to accommodate the Mercedes power units that the team will use next year.

It is understood that the budget cap changes are yet to be agreed by the FIA, F1 and the World Motorsport Council, with the vote expected to take place next week.

Replies (0)

Login to reply

GB F1 70th Anniversary Grand Prix

Local time 

GB F1 70th Anniversary Grand Prix

Local time 

Related news

Test calendar

Circuit de Catalunya - Winter testing

Circuit de Catalunya - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

World Championship standings 2020

Show full world champion standings

Formula 1 Calendar - 2020

Date
Grand Prix
Circuit
-
Spain
-
Spain
3 - Jul 5
Austria
10 - Jul 12
Austria
17 - Jul 19
Hungary
31 - Aug 2
United Kingdom
7 - Aug 9
United Kingdom
14 - Aug 16
Spain
28 - Aug 30
Belgium
4 - Sep 6
Italy
11 - Sep 13
Italy
25 - Sep 27
Russian
9 - Oct 11
Germany
See full schedule

Formula 1 Calendar - 2020

Date
Grand Prix & Circuit
3 - Jul 5
Austria Red Bull Ring
10 - Jul 12
Austria Red Bull Ring
17 - Jul 19
Hungary Hungaroring
31 - Aug 2
United Kingdom Silverstone
7 - Aug 9
United Kingdom Silverstone
14 - Aug 16
28 - Aug 30
4 - Sep 6
Italy Monza
11 - Sep 13
Italy Mugello
25 - Sep 27
Russian Sochi Autodrom
9 - Oct 11
Germany Nurburgring
See full schedule
show sidebar