news feed     |     advertising
 
Welcome on OneStopStrategy.com
You are not logged in or not registered yet
Click here for more information about an Account
Register | Log in | Passwordmailer
Frontpage   |   Twitter   |   Photos   |   Drivers   |   Teams   |   Tickets   |   Game   |   Standings Formula 1 on Monday 19 August 2019
 
Teams sign agreement to lock in budget cap
Friday 14 June at 07:35 : Jun.14 (GMM) The finalisation of the highly contentious 2021 regulations has been officially delayed until the end of October.

Earlier, the strict deadline for the publication of the technical, sporting and financial regulations for the post-Concorde Agreement period was June.

But the teams are hopelessly split on a range of key issues, prompting the FIA to call a crisis meeting in Paris that took place on Thursday.

Lewis Hamilton and Nico Hulkenberg even attended the meeting at the governing body's headquarters at Place de la Concorde, after an invitation by Jean Todt prompted by recent critical comments made by a range of drivers.

"In the interests of the sport it was agreed that the best outcome will be achieved by using the extra time for further refinement and additional consultation," a statement said after the meeting.

What was also agreed, but not mentioned in the statement, is that Liberty Media asked the teams to sign an agreement promising to lock in certain agreed rules that benefit the smaller teams.

They include the $175 million budget cap, the standardisation of certain parts, new parc ferme rules and free practice times, and the continuation of the current engines.

La Gazzetta dello Sport said that if the big teams break the agreement, Liberty will "unilaterally" announce the 2021 rules prior to the new October deadline.
More about Formula 1 you will find on our new Facebook Account!


Previous article Next article
Related articles
14-08 Briatore starts political movement 0
13-08 F1 looking into alternative fuels - Carey 0
12-08 W Series champion wants 'more' from Williams 0
12-08 Teams to undergo budget cap 'dry run' in 2020 0
09-08 Carey says F1's pay TV trend will continue 0
 
Useroptions
Search for more articles in the newsarchive
Print this article
Mail a copy of this article
OneStopStrategy.com Headlines
Is Max Verstappen's F1 Future With Red Bull? 0
Vettel defends Ferrari boss Binotto 0
Villeneuve tells Mercedes to keep Bottas 0
Briatore starts political movement 0
Brown to discuss Alonso's 2020 plans at Monza 0
Sponsor, Williams, still supporting Kubica 0
Verstappen supports Red Bull's driver decision 0
Verstappen's father thinks Hamilton is rattled 0
F1 looking into alternative fuels - Carey 0
'No reason' to change Ferrari drivers - Binotto 0
Raikkonen 'drives without instructions' - Zehnder 0
Gasly to show 'true value' back at Toro Rosso 0
DailyF1News Magazine
Register now for the DailyF1News Magazine and you will receive a copy in your mailbox every Monday after the race. With the latest news and results from out the paddock of Formula 1.
Click here for more information
Dossier: Insight from the Outside
01.12 - No surprises
12.12 - Where to for Heiki?
30.10 - Of bendy floors and McLaren protests
29.10 - Where to for Fernando?
Click here for more articles in this dossier
 
 
16 Most recent photo's:
Lewis Hamilton, Mercedes GP, Hungaroring Sunday 2019 Lewis Hamilton, Mercedes GP, Hungaroring Sunday 2019 Lewis Hamilton, Mercedes GP, Hungaroring Sunday 2019 Lewis Hamilton, Mercedes GP, Hungaroring Sunday 2019 Max Verstappen, Red Bull, Lewis Hamilton, Mercedes GP, Hungaroring Sunday 2019 Max Verstappen, Red Bull, Hungaroring Sunday 2019 Max Verstappen, Red Bull, Hungaroring Sunday 2019 Max Verstappen, Red Bull, Hungaroring Sunday 2019
Max Verstappen, Red Bull, Hungaroring Sunday 2019 Sebastian Vettel, Ferrari, Max Verstappen, Red Bull, Hungaroring Sunday 2019 Sebastian Vettel, Ferrari, Hungaroring Sunday 2019 Sebastian Vettel, Ferrari, Hungaroring Sunday 2019 Sebastian Vettel, Ferrari, Hungaroring Sunday 2019 Lewis Hamilton, Valtteri Bottas, Mercedes GP, Hungaroring Sunday 2019 Race, Hungaroring Sunday 2019 Race, Hungaroring Sunday 2019
Copyright ©2019 Onestopstrategy.com Powered by Websitefreelancers.nl About us | Contact | Advertising | Vacancies | Pricacy Statement