F1 Groups Warned Not To Subvert Funds Cap By Stockpiling
Formulation One Groups should function inside a $145 million price range cap subsequent yr, diminished to $140 million for 2022 and $135 million for 2023-2025.
- Final Up to date: September 12, 2020, 5:38 PM IST
- FOLLOW US ON:
The American informed reporters that the Worldwide Car Federation had issued a word to the ten groups on the topic.
“The FIA are on prime of what you possibly can and might’t do,” he mentioned forward of the Tuscan Grand Prix at Italy’s Ferrari-owned Mugello circuit.
“As a result of subsequent yr’s automotive has a number of carry-over elements, there’s been conversations round folks stockpiling this yr, with no price range cap, for subsequent yr to assist you to spend subsequent yr’s cash extra on 2022.
“So they’re already on prime of that. They really issued one other assertion to the groups in a single day on this specific challenge.”
Brown mentioned he was not conscious of any groups that had stockpiled.
He mentioned the message from the FIA was primarily “don’t run too quick since you would possibly discover we’re going to alter one thing.”
Groups should function inside a $145 million price range cap subsequent yr, diminished to $140 million for 2022 and $135 million for 2023-2025.
As a result of COVID-19 pandemic sweeping new rules have been delayed from 2021 to 2022, which means subsequent yr’s vehicles are primarily the identical as in 2020.
Champions Mercedes spent $442 million in successful each titles final yr, based on their 2019 accounts.
Brown additionally revealed that any new staff in search of to enter the championship would now need to pay a $200 million payment, cut up equally among the many current 10 groups underneath a brand new five-year business settlement all have signed.
“The $200m is meant to actually guarantee that if somebody is coming into the game that they’ve the wherewithal to do it,” he mentioned.