'Worst case scenario, Formula 1 is no longer possible'
'Worst case scenario, Formula 1 is no longer possible'
FIA president Jean Todt has outlined a "worst scenario" for the future of Formula 1.
While there is considerable dispute amongst the teams over the budget cap set to be introduced in 2021, Todt has warned that should the sport start to lose teams, the FIA will step in with some draconian measures.
"Then we would have to pose fundamental questions with the owners of commercial rights such as: What should Formula 1 look like in the future?" Todt told Auto Motor und Sport.
"In the worst scenario, Formula 1 as we know it today would no longer be possible. With a cost cap of $50 million, without exceptions, would be nothing as they were. It would be a completely new Formula 1. A Super Formula 2."
For 2021, the budget cap sits at $150m but includes a list of exemptions, not least the salaries of the drivers and those of the other top three earners within the team. Marketing and PR costs are also excluded.
It is reported Lewis Hamilton is on a basic contract worth £40m ($49.9m). If, as indicated, drivers salaries were to be rolled into a $50m cap, Todt's figure indicates just one of the difficulties teams would face.
Hamilton's plan to be a life-long partner with Mercedes is "super appealing"Read more
Related
Change your timezone:
Latest News
Chinese Grand Prix Sprint 2024 results: Hamilton gets best result of year as Ferraris CLASH
- 1 hour ago
F1 News Today: FIA investigate F1 star as Ferraris clash at Chinese GP
- 10 minutes ago
F1 Chinese Grand Prix weather forecast - latest today from Shanghai
- 2 hours ago
Hamilton dealt China blow after major FIA decision as Ricciardo given huge Horner warning - GPFans F1 Recap
- Yesterday 23:57
F1 team unveil star-studded lineup in China
- Yesterday 23:12
F1 Qualifying Today: Chinese Grand Prix 2024 start times, schedule and TV
- Yesterday 22:27
Related news
FIA announce crucial top three UPDATE in China after investigating F1 star
FIA CANCEL important drivers' meeting after huge drama in China
Ecclestone's wife signs letter of SUPPORT for under-fire FIA president
Hamilton hits out at F1 rule change after session wrecked
F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media
Innovatieweg 20C7007 CD, Doetinchem, Netherlands
+31645516860