F1-Fansite.com

adrotate banner=”4″]

F1 News

F1 'cost cap' coming in 2015 announced by FIA

Fia logoA 'cost cap' in formula one is coming, the FIA said in a surprising announcement on Monday.

Although many teams are facing financial difficulties, the idea of compulsorily capping annual budgets has remained highly controversial.

But FIA president Jean Todt told France's L'Equipe last week: "We need to focus on the problem of costs at all levels of motor sport, not only formula one."

So, after a Paris meeting of the sport's new strategy group and the F1 Commission, and with Todt declaring a "mandate", the sport's governing body said the "principle of a global cost cap has been adopted" for F1.

"The limit will be applied from January 2015," the FIA declared.

Current F1 team budgets are believed to range from about $60 million at the back of the grid, to several hundred million for frontrunners Red Bull and Ferrari.

The actual number eventually set for the cap is therefore the crucial detail.

"If we're all at 50 or 100 million budget, the show will be no different at all," Caterham boss Cyril Abiteboul argued recently.

The FIA said it will now establish a 'working group' tasked with having the 2015 budget cap regulations approved by June of next year.

"In the end," Lotus chief Eric Boullier added, "if we don't do this, it's going to be more and more difficult to survive."

Meanwhile, in addition to the highly controversial 'double points' rule for the 2014 finale, the FIA on Monday also announced that drivers will choose a permanent race number, between 2 and 99, to keep for their entire F1 careers.

And the FIA said every team was invited to attend Pirelli's Bahrain tyre test with 2013 cars next week, but only Red Bull, Mercedes, Ferrari, McLaren, Force India and Toro Rosso took up the offer.

Book discounted tickets and reservate your hotel room in our F1 Tickets Shop.

Please share this article & subscribe to our FREE weekly
PinIt
  submit to reddit  

Leave a Reply

Your email address will not be published.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

Latest posts in this F1 category:

See older posts in our F1 Archive »

Stay Updated by F1-Fansite!

2017 F1 Merchandise

2017 F1 MerchandiseGet your 2017 F1 Merchandise here.

Early Booking Discounts on F1 Tickets

Buy F1 Tickets cheaper at F1-Fansite.com 2017 Formula 1 Season Early Booking Discounts are:
F1 RaceDiscount
Book entrance Belgian F1 GP Belgium '1775% Sold OutBook Now
Book entrance Italian F1 GP Italy '1730% Sold OutBook Now
Book entrance Belgian F1 GP Singapore '17AvailableBook Now
Book entrance Malaysian F1 GP Malaysia '17AvailableBook Now
Book Japanese F1 GP Japan '17AvailableBook Now
Book entrance USA F1 GP USA '1710% DiscountBook Now
Book entrance Mexican F1 GP Mexico '17AvailableBook Now
Book entrance Brazil F1 GP Brazil '17AvailableBook Now
Book entrance Italian F1 GP Abu Dhabi '1730% DiscountBook Now
Book entrance Australia F1 GP Australia '18AvailableBook Now
Book entrance Spain F1 GP Spain '1820% DiscountBook Now
Book entrance Monaco F1 GP Monaco '18AvailableBook Now
Book entrance Monaco F1 GP Germany '1829% DiscountBook Now

Polls

Do you want the Halo?

View Results

Loading ... Loading ...
F1 Polls

We make use of cookies to personalise ads, to make use of social media & to analyse our website traffic. We also share this information with our partners for use of social media, ads & analyses. These partners can combine our info with other info that you already shared with them or that they have gathered of you by using their services. By continuing to use this website, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close