Formula 1
Formula 1
R
Emilia Romagna GP
18 Apr
Race in
43 days
R
Portuguese GP
02 May
Race in
57 days
09 May
Next event in
60 days
23 May
Race in
78 days
R
Azerbaijan GP
06 Jun
Race in
92 days
13 Jun
Race in
99 days
27 Jun
Race in
113 days
04 Jul
Next event in
116 days
18 Jul
Race in
134 days
R
Hungarian GP
01 Aug
Race in
148 days
29 Aug
Race in
176 days
05 Sep
Race in
183 days
12 Sep
Race in
190 days
26 Sep
Race in
204 days
R
Singapore GP
03 Oct
Next event in
207 days
10 Oct
Race in
218 days
R
United States GP
24 Oct
Race in
232 days
31 Oct
Race in
239 days
R
Australian GP
21 Nov
Race in
260 days
R
Saudi Arabia GP
05 Dec
Race in
274 days
R
Abu Dhabi GP
12 Dec
Race in
281 days

Racing Point: F1 cost cap can be a performance "leveller"

Racing Point team principal Otmar Szafnauer says Formula 1's reduced cost cap has the potential to be performance "leveller".

Racing Point: F1 cost cap can be a performance "leveller"

F1 teams have already agreed in principal to move the 2021 cost cap limit from $175m to $150m as a result of the economic impact of the coronavirus pandemic, but are split over negotiations to lower it further.

Ferrari has indicated it is unwilling to bring the level below $145m, while McLaren wants it reduced to around $100m.

The talks are part of a sustained drive to protect the teams during the economic fallout of the COVID-19 crisis, but Szafnauer explained that the cost cap could also be used to close the gaps between the teams and produce healthier competition levels – which could have added long-term sustainability benefits for F1.

"The other thing that we have to remember is that [with] the cost cap you don't have to spend the money," he told Motorsport.com "You don't have to, even if the cost cap is $170m.

"We at Force India, for example, in dollar terms, with all the exclusions, we used to spend around just over $100m, say $110m.

"But there are lots of exclusions. So if you take out all the exclusions, my guess is we're spending around $70m. And that $70m got us to fourth [in the constructors'' championship] - and a few times [2016 and 2017].

"If you're at $170m, it doesn't mean you have to spend $170m but what it does mean is for you to win, you got to spend that $170m.

"So the cost cap is also a leveller in competitiveness, really, and the performance you can get out of it.

"We've got to be careful that we're not just saying 'cost cap for financial reasons', the cost cap also helps with closing up the field."

Read Also:

Regarding the standoff over the cost cap negotiations, Szafnauer said he could he see where the various sides where finding it difficult to compromise.

"I can see both sides of the argument," he explained. "The bigger teams that today spend $300m plus dollars having to come down to $170m, $150m – or $100m [or] even lower – they're screaming, saying 'Well, I'm going to have to cut a lot of people'.

"That's hard to do – and I've invested a lot of money because the rules were such that if I do invest, I get a better chance of winning. And now you're trying to take that away from me, that's unfair'.

"And then I can see the argument that Zak [Brown, McLaren CEO] makes, saying, 'We need a realistic cost cap, where every team could be financially stable, if not even making a little bit of money - what's wrong with that?'

"So I think the right cost cap should be somewhere in between, and we're well on our way in everybody negotiating and discussing and coming up with a cost cap that's either equally liked or equally disliked."

shares
comments
'Draconian' Austrian GP plan can be F1 blueprint - Horner

Previous article

'Draconian' Austrian GP plan can be F1 blueprint - Horner

Next article

Top 5: Biggest winning margins in F1 history

Top 5: Biggest winning margins in F1 history
Load comments

About this article

Series Formula 1
Teams Racing Point
Author Alex Kalinauckas
The updates Williams hopes will lead to a point-scoring return Prime

The updates Williams hopes will lead to a point-scoring return

After producing a car which demonstrated progress but lacked the points to prove it last year, Williams starts its new era of team ownership with the FW43B, its bid to continue the climb up the Formula 1 grid in 2021

How Ferrari plans to recover from its 2020 F1 nightmare Prime

How Ferrari plans to recover from its 2020 F1 nightmare

The 2020 Formula 1 season was Ferrari's worst for 40 years as it slumped to sixth in the standings. A repeat performance will not be acceptable for the proud Italian team, which has adopted a notably pragmatic approach to forging its path back to the top

Formula 1
Mar 4, 2021
Why Aston Martin’s arrival is more than just new green livery Prime

Why Aston Martin’s arrival is more than just new green livery

In the most eagerly anticipated Formula 1 team launch of the season, the rebranded Aston Martin squad’s changes go much further than the striking paint job. But rather than a restart, the team hopes to build on top of solid foundations.

Formula 1
Mar 3, 2021
The car Aston Martin begins its new F1 journey with Prime

The car Aston Martin begins its new F1 journey with

The team formerly known as Racing Point gambled successfully on a Mercedes look-alike in 2020 as it mounted a strong challenge for third in the constructors' race and won the Sakhir GP. Now clothed in British racing green, Aston Martin's first Formula 1 challenger since 1960 provides the clearest indicator yet of what to expect from the new-for-2021 regulations

Formula 1
Mar 3, 2021
The tricky driver conundrums facing Mercedes in F1 2021 Prime

The tricky driver conundrums facing Mercedes in F1 2021

Ahead of the new Formula 1 season, reigning world champions Mercedes will take on challenges both old and new. This also can be said for its driver conundrum which could become key to sustaining its ongoing success...

Formula 1
Mar 2, 2021
How Alpine's cure to 2021 F1 rules starts at the front Prime

How Alpine's cure to 2021 F1 rules starts at the front

A new name, new faces and new colours pulls the rebranded Alpine Formula 1 team into a new era while carrying over core elements of its 2020 car. But under the surface there's more than meets the eye with the A521 which hints at how the team will tackle 2021...

Formula 1
Mar 2, 2021
Can Mercedes' W12 retain the team's crown? Prime

Can Mercedes' W12 retain the team's crown?

Replacing Formula 1's fastest car was never going to be an easy feat for Mercedes. Amid the technical rule tweaks to peg back the W12 and its 2021 rivals, the new Mercedes challenger will remain the target to beat

Formula 1
Mar 2, 2021
The pointed note that starts Ferrari's Leclerc vs Sainz era Prime

The pointed note that starts Ferrari's Leclerc vs Sainz era

Ferrari is starting its post-Sebastian Vettel age by welcoming Carlos Sainz in alongside Charles Leclerc. But while Sainz has a tough challenge to match his new teammate, Ferrari is also sending a message that previous intra-team spats must end

Formula 1
Mar 2, 2021