F1 sprint race plan set for green light as teams agree finances

Formula 1 has cleared its last major hurdle over sprint qualifying trials, with sources revealing that teams have now agreed to a financial package.

Listen to this article

As previously reported by Motorsport.com, F1’s desire to run Saturday sprint races at three grands prix this year had hit a snag with teams not happy about the extra costs involved.

Beyond some teams wanting a bigger financial compensation from F1 chiefs for the extra money it would cost to add three more races, the issue was further complicated by the impact this could have on cost cap limits.

But a push by some outfits to increase the cost cap by up to $1 million met resistance from some smaller teams who feared that the extra spending scope would be used for performance gains.

Read Also:

Following discussions over the past few weeks regarding the costs issue, multiple sources have confirmed that a financial proposal has been put forward that teams are happy with.

While the exact details have not been revealed, it is understood that teams will receive around $500,000 dollars for the extra three races – with the cost cap being lifted by that same amount.

Furthermore, if a team endures a hefty damage bill as the result of a major accident in a sprint race, then there is scope within the agreement for further leeway with an extra payment and a raised cost cap limit to cover this, so they are not unfairly penalised.

With the financial terms having now been settled, it is understood that only a few minor details now need to be finalised before the final sprint race rules can be formally signed off by teams.

With teams in agreement over the matter, however, there is no huge rush to get the matter across the line so a final vote may not take place for a few more weeks - although it could happen as soon as the Imola race weekend.

Read Also:

The sprint qualifying plan will be to run three 100km Saturday races at Silverstone, Monza and Interlagos this year to see what impact it has on the television and trackside spectacle.

The Saturday race will offer a few points, and decide the grid for Sunday’s main event.

Speaking at the Bahrain Grand Prix, Red Bull team boss Christian Horner said getting the financial details sorted was important for the bigger outfits who were pushing right at the limit of F1’s new budget cap.

“There just has to be a sensible allowance that takes that into account, because we’re chasing £10,000, £20,000, £30,000 savings at the moment to ensure that we’re hitting the cap,” he said.

“To suddenly have a variable like this is something that just needs to be accommodated. We’re keen to support it but there needs to be an accommodation.”

shares
comments

Related video

Marko: Verstappen and Hamilton in a league of their own

McLaren: Two quick drivers ‘key’ to F1 resurgence

Assessing Hamilton's remarkable decade as a Mercedes F1 driver

Assessing Hamilton's remarkable decade as a Mercedes F1 driver

Prime
Prime
Formula 1
Alex Kalinuackas

Assessing Hamilton's Mercedes stint Assessing Hamilton's remarkable decade as a Mercedes F1 driver

Why new-look Haas is a litmus test for Formula 1’s new era

Why new-look Haas is a litmus test for Formula 1’s new era

Prime
Prime
Formula 1
Jonathan Noble

Why new-look Haas is a litmus test Why new-look Haas is a litmus test for Formula 1’s new era

The Mercedes F1 pressure changes under 10 years of Toto Wolff

The Mercedes F1 pressure changes under 10 years of Toto Wolff

Prime
Prime
Formula 1
Alex Kalinauckas

Assessing Wolff's Mercedes influence The Mercedes F1 pressure changes under 10 years of Toto Wolff

The all-French F1 partnership that Ocon and Gasly hope to emulate

The all-French F1 partnership that Ocon and Gasly hope to emulate

Prime
Prime
Formula 1
GP Racing

The line-up Ocon, Gasly may emulate The all-French F1 partnership that Ocon and Gasly hope to emulate

Who were the fastest drivers in F1 2022?

Who were the fastest drivers in F1 2022?

Prime
Prime
Formula 1
GP Racing

Who were the fastest F1 drivers? Who were the fastest drivers in F1 2022?

Nico Hulkenberg: Why F1's nearly man is refreshed and ready for his return

Nico Hulkenberg: Why F1's nearly man is refreshed and ready for his return

Prime
Prime
Formula 1
Adam Cooper

Why Hulkenberg is ready for return Nico Hulkenberg: Why F1's nearly man is refreshed and ready for his return

Why Vasseur relishes 'feeling the pressure' as Ferrari's F1 boss

Why Vasseur relishes 'feeling the pressure' as Ferrari's F1 boss

Prime
Prime
Formula 1
Jonathan Noble

Why Vasseur relishes the pressure Why Vasseur relishes 'feeling the pressure' as Ferrari's F1 boss

The crucial tech changes F1 teams must adapt to in 2023

The crucial tech changes F1 teams must adapt to in 2023

Prime
Prime
Formula 1
Jake Boxall-Legge

F1 2023's crucial tech changes The crucial tech changes F1 teams must adapt to in 2023