Formula One Will Cap Costs For The First Time For 2021

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Formula One has officially announced the regulations that will guide the sport from 2021 onward ahead of this weekend’s United States Grand Prix over in Texas. From the sound of things, F1 is actually confirming the fact that it’s trying to make racing more accessible for everyone. But, most importantly, these cars look damn good.

From 2021 onward, Formula 1 will have:

1. Cars that are better able to battle on the track

2. A more balanced competition on the track

3. A sport where success is determined more by how well a team spends its money not how much it spends – including, for the first time, a fully enforceable cost cap ($175M per season) in the FIA rules

4. A sport that is a better business for those participating and more attractive to potential new entrants

5. A sport that continues to be the world’s premier motor racing competition and the perfect showcase of cutting-edge technology

That’s all pretty much corporate speak that doesn’t mean a whole lot of anything. The cost cap news is really neat—but again, doesn’t really mean a ton since the cap only covers money spent on things directly related to the car’s performance. It doesn’t, however, include marketing costs, driver salaries, or the salaries of the three highest-paid team personnel. I can already see enough wiggle room here for it to become yet another rule teams find creative ways to skirt.

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