Zak Brown: $100m cap demand was a tactic

Zak Brown led the charge for F1’s budget cap to be slashed to $100m but says that was merely a tactic to get a lower cap. Last year the Formula 1 teams agreed to introduce a budget cap of $175 million in 2021. However, with the start of this year’s

'Cap won't create absolute equal opportunities'

Guenther Steiner says F1’s budget cap won’t led to “equal opportunities” but it will at least narrow the gap between the have and have nots. Earlier this year Formula 1 put pen to paper on a reduced budget cap for the 2021 season. Instead of sitting at $175 million, it

Haas don't have 'capacity' for pre-Austria test

Haas principal Guenther Steiner says the team won’t be holding a test before the season-opener in Austria since they don’t have the “capacity”. Many of the teams have been getting some on-track running in before the delayed season gets underway in Austria from July 3-5, both to test out their

Budget cap irrelevant to Haas' future

Haas principal Guenther Steiner says the team’s owner Gene Haas will decide whether or not to stay in F1 based on the new commercial agreement, not a budget cap. In response to the current financial strain on the Formula 1 teams, an agreement was reached to reduce the budget cap

Budget cap irrelevant to Haas' future

Haas principal Guenther Steiner says the team’s owner Gene Haas will decide whether or not to stay in F1 based on the new commercial agreement, not a budget cap. In response to the current financial strain on the Formula 1 teams, an agreement was reached to reduce the budget cap

Haas: 'Budget cap has saved some small teams'

Formula 1 not only avoided losing a few of its smaller teams by cutting the budget cap but will also be “more interesting” to manufacturers. That’s the opinion of Haas team boss Guenther Steiner. Last week Formula 1 confirmed that all the teams had agreed to reduce the budget for

Haas: 'Budget cap has saved some small teams'

Formula 1 not only avoided losing a few of its smaller teams by cutting the budget cap but will also be “more interesting” to manufacturers. That’s the opinion of Haas team boss Guenther Steiner. Last week Formula 1 confirmed that all the teams had agreed to reduce the budget for

Formula 1 set for budget cap vote on '5-year' plan

The Formula 1 teams are looking over the latest budget cap proposals before voting on what would be a five-year plan to lower the cap. Following the cancellation of the Australian Grand Prix, it became evident to everyone that the Formula 1 would not be taking place as planned. That

'F1 budget cap misses the point, let's sell cars'

Christian Horner is adamant customer cars are the solution to F1’s problems as they are cheap and can be competitive. While Formula 1 is debating what amount to lower the 2021 budget cap to, Horner is advocating for customer cars. The Red Bull team boss is convinced selling cars to

McLaren: Ferrari's cap comments 'don't reflect reality'

With Ferrari pushing back on the lowering of the budget cap, Zak Brown has warned their stance does not “accurately reflect what I think is reality”. Earlier this week Ferrari team boss Mattia Binotto made it clear to The Guardian newspaper that the Scuderia is not in favour of dropping