F1 CEO may not support $30m driver spending cap

APRIL 12, 2021

F1 CEO may not support $30m driver spending cap

Lewis Hamilton, Bahrain GP 2021
© Mercedes-Benz Grand Prix Ltd.

Stefano Domenicali has suggested that Formula 1 may in fact not support moves to install an annual $30 million per team limit on driver salary spending.

We reported last week that the FIA and Liberty Media are poised to circulate such a proposal among F1 teams.

However, F1 CEO Domenicali has now told Corriere dello Sport newspaper: "The drivers are particularly relevant in our sport. There are just 20 of them, not 200 or more.

"A team's two drivers are the spearhead that unites the ambitions of a team with hundreds of other people," the Italian added.

"(Lewis) Hamilton's brilliance, and the sort of risks that (Romain) Grosjean took in Bahrain last year, remind us that the drivers are the heart of the entire show," said Domenicali.

(GMM)

Other stories for APRIL 12, 2021

MARKO DENIES MYSTERIOUS SUSPENSION RUMOURS

NEGATIVE F1 REPUTATION MAKES ALONSO LAUGH

F1 CEO MAY NOT SUPPORT $30M DRIVER SPENDING CAP

CANADA GP NEEDS MORE MONEY FOR 2021 GHOST RACE

ALPHA TAURI STEP DUE MAINLY TO HONDA

PORSCHE NOT RULING OUT 2025 F1 FORAY

FORMER FERRARI BOSS SET TO JOIN ASTON MARTIN