Press "Enter" to skip to content

F1 Teams Warned Not To Subvert Budget Cap By Stockpiling

Formula One (Photo Credit: Reuters)

Formula One (Photo Credit: Reuters)

Formula One Teams should function inside a $145 million funds cap subsequent 12 months, decreased to $140 million for 2022 and $135 million for 2023-2025.

  • Reuters
  • Last Updated: September 12, 2020, 5:38 PM IST

  • FOLLOW US ON:

Formula One groups have been warned by the governing FIA to not subvert a funds cap as a consequence of be launched in 2021 by stockpiling elements this 12 months for future use, McLaren boss Zak Brown mentioned on Saturday.

The American advised reporters that the International Automobile Federation had issued a observe to the 10 groups on the topic.






“The FIA are on top of what you can and can’t do,” he mentioned forward of the Tuscan Grand Prix at Italy’s Ferrari-owned Mugello circuit.

“Because subsequent 12 months’s automobile has plenty of carry-over elements, there’s been conversations round folks stockpiling this 12 months, with no funds cap, for subsequent 12 months to let you spend subsequent 12 months’s cash extra on 2022.

“So they’re already on high of that. They really issued one other assertion to the groups in a single day on this specific concern.”

Brown mentioned he was not conscious of any groups that had stockpiled.

He mentioned the message from the FIA was basically “don’t run too fast because you might find we’re going to change something.”

Teams should function inside a $145 million funds cap subsequent 12 months, decreased to $140 million for 2022 and $135 million for 2023-2025.

Due to the COVID-19 pandemic sweeping new laws have been delayed from 2021 to 2022, which means subsequent 12 months’s vehicles are basically the identical as in 2020.

Champions Mercedes spent $442 million in profitable each titles final 12 months, based on their 2019 accounts.

Brown additionally revealed that any new staff in search of to enter the championship would now must pay a $200 million payment, break up equally among the many present 10 groups below a brand new five-year business settlement all have signed.

“The $200m is intended to really make sure that if someone is coming into the sport that they have the wherewithal to do it,” he mentioned.


Be First to Comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    %d bloggers like this: