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.

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

Previous article

Marko: Verstappen and Hamilton in a league of their own

Next article

McLaren: Two quick drivers ‘key’ to F1 resurgence

McLaren: Two quick drivers ‘key’ to F1 resurgence
Load comments

About this article

Series Formula 1
Author Jonathan Noble
How "overwhelming" McLaren move has given Ricciardo a new verve Prime

How "overwhelming" McLaren move has given Ricciardo a new verve

Daniel Ricciardo has found a new lease of life at McLaren – a move that’s been years in the making, as he explains to STUART CODLING…

How 2021's midfielders have taken lessons from F1's top teams Prime

How 2021's midfielders have taken lessons from F1's top teams

Formula 1’s latest Imola adventure turned into an expensive trip for many teams due to several crashes throughout the weekend. While balancing the books is an added factor in 2021 with the cost cap, a few midfield teams have cashed in early on development investments.

Formula 1
Apr 19, 2021
Emilia Romagna Grand Prix Driver Ratings Prime

Emilia Romagna Grand Prix Driver Ratings

A frantic wet race at Imola produced plenty of excitement and drama as drivers scrabbled for grip. Amid the hatful of mistakes and incidents that ensued, who kept their noses cleanest?

Formula 1
Apr 19, 2021
How the Emilia Romagna GP result hinged on three crucial saves Prime

How the Emilia Romagna GP result hinged on three crucial saves

Rain before the start of the Emilia Romagna Grand Prix promised to spice up the action, and the race certainly delivered on that. Max Verstappen got the best launch to win from Lewis Hamilton, but both got away with mistakes that could have had serious consequences

Formula 1
Apr 19, 2021
The back-bedroom world-beater that began a new F1 era Prime

The back-bedroom world-beater that began a new F1 era

The first in a line of world beaters was designed in a back bedroom and then constructed in a shed. STUART CODLING recalls the Tyrrell 001

Formula 1
Apr 18, 2021
Why Mercedes isn't confident it's really ahead of Red Bull at Imola Prime

Why Mercedes isn't confident it's really ahead of Red Bull at Imola

While Mercedes struck back against Red Bull by topping the times at Imola on Friday ahead of the Emilia Romagna Grand Prix, the overall picture remains incredibly close. Despite having a possible edge this weekend, the reigning Formula 1 world champion squad is not taking anything for granted...

Formula 1
Apr 16, 2021
What Mercedes must do to keep its F1 title challenge on track Prime

What Mercedes must do to keep its F1 title challenge on track

Mercedes may find itself leading the drivers' and constructors' standings after Lewis Hamilton's victory in the Bahrain Grand Prix, but it is well aware that it came against the odds, with Red Bull clearly ahead. Here's what the Brackley team must do to avoid its crown slipping .

Formula 1
Apr 16, 2021
The double whammy that is defining Vettel’s F1 fate Prime

The double whammy that is defining Vettel’s F1 fate

It's been a tough start to Sebastian Vettel's Aston Martin F1 career, with a lack of pre-season testing mileage followed by an incident-packed Bahrain GP. But two key underlying factors mean a turnaround is no guarantee.

Formula 1
Apr 14, 2021