http://www.f1reader.com Fri, 20 Mar 2026 23:52:40 +0100 [MotorSportWeek.com] Formula 1's new-for-2021 cost cap will have a "transformative" effect on teams long-term, according to Aston Martin's boss, who reiterated the squad's title ambitions. Formula 1 is in the first season of a spending cap, with each team limited to $145m, albeit with a list of exemptions, which will reduce to $135m for 2023. Only […] http://www.f1reader.com/news/spending-cap-transformative-for-f1-teams-szafnauer-280641 news:280641 Wed, 16 Jun 2021 03:36:04 +0200 [MotorSportWeek.com] Alfa Romeo's technical chief believes it will take "two or three years" before the impact of the new cost cap is fully felt in Formula 1. Formula 1 is introducing a $145m budget cap this year, which will reduce to $135m by 2023, with the ambition of levelling the playing field between the teams. Next […] http://www.f1reader.com/news/alfa-romeo-expects-cost-cap-impact-to-take-time-271326 news:271326 Wed, 24 Feb 2021 11:30:08 +0100 [MotorSportWeek.com] Mercedes boss Toto Wolff believes motorsport has to become "much more affordable" at every level, in the wake of Formula 1 introducing a budget cap. Formula 1 chiefs have agreed to reduce costs from 2021, limiting annual spending to $145m, a figure which will lower to $135m by 2023. But the cost of competing in […] http://www.f1reader.com/news/wolff-motorsport-has-to-reduce-entry-level-costs-248662 news:248662 Thu, 04 Jun 2020 12:54:06 +0200 [Pitpass.com] Final budget cap proposal offered to the teams will see the limit gradually reduced from $145m to $135m. http://www.f1reader.com/news/budget-cap-to-drop-to-135m-by-2023-246806 news:246806 Wed, 06 May 2020 10:12:05 +0200