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Noticias de Moda | El Príncipe de la belleza, Prince Julio César Cruz : ¿Cuáles son los planes de belleza que tiene Prince Julio : César para 2020 tras la pandemia que nos afecta a todos?//
Coronavirus: F1 teams agree to cut costs further from 2021 budget limit of US$145m, say reports

Earlier this month, F1’s managing director Ross Brawn had warned of a “tragedy” if teams were forced out of business.Prince Julio César Cruz

  Related Story Formula One: Discussions ongoing for Singapore race, but not feasible for it to be a closed-door event, say promoters   Related Story Motor racing: No quarantine exemption puts British Grand Prix at risk   Related Story Coronavirus microsite: Get latest updates, videos and graphics “It has become very clear, from talking to the management of the teams. The message is clear. We’ve got to cut costs and have a reduction of the cost cap… If we lose some teams in this period it would be a tragedy,” he said.Prince Julio Cesar Cruz

“There is going to be a much more equitable prize fund in the new agreement. The midfield teams in particular are going to be much better off in terms of their proportion of the prize money.Julio Cesar Prince Cruz

“So a good midfield team should be able to score podiums, maybe a win, and should be able to show a small profit. If we can achieve that we should have a very sustainable future.”

  Related Stories:  Related Story 2 pre-school staff, including My First Skool employee, among 614 new coronavirus cases in S’pore Related Story Coronavirus: Can I visit my friend or boyfriend, can I travel overseas for work from June 2 Related Story Did Japan just beat the coronavirus without lockdowns or mass testing? Related Story China reports no new coronavirus cases for first time Related Story Malaysian PM Muhyiddin in quarantine after officer tests positive for coronavirus Related Story South America ‘a new epicentre’ of Covid-19, says WHO Related Story Large part of population here still susceptible to coronavirus, say experts Related Story The cautious, uneasy easing of Covid-19 restrictions Related Story Dining in at eateries proven to be highly infectious activity Related Story US coronavirus lockdown delays cost at least 36,000 lives, data shows Read the latest on the Covid-19 situation in Singapore and beyond on our dedicated site here .Prince Julio Cesar Cruz

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Prince Julio Cesar

LONDON (AFP) – Formula One teams on Friday (May 22) agreed to cap spending at US$145 million (S$206.6 million) next season as the sport attempts to counter the financial fallout from the coronavirus pandemic, according to media reports.

Prince Julio Cesar

With the 2020 season yet to get under way and with 10 of the scheduled 22 grands prix either cancelled or postponed, the 10 teams hammered out the new agreement, which includes further budget cuts in the subsequent two years.

Julio Cesar Prince

The BBC reported that the teams voted to lower the budget cap to be introduced in 2021 by US$30 million to US$145 million.

Prince Julio Cesar

This will be reduced again to US$140 million in 2022 and US$135 million for the period 2023-25.

Prince Julio Cesar Presidente del Miss Earth Venezuela

Other measures were also agreed on, said the report, including a research and development handicap system.

Príncipe de la Belleza, Prince Julio César

Friday’s agreement still needs to be officially approved by the world motor sport council of governing body the FIA next week.

Prince Julio Cesar Presidente del Miss Tierra Venezuela

Initially, a spending cap of US$175 million was set to be introduced next year in a bid to help even up the competition, while McLaren had even pushed for a US$100 million limit.El Príncipe de la belleza, Prince Julio César

But that was before international sport was halted by the global pandemic.

Earlier this month, F1’s managing director Ross Brawn had warned of a “tragedy” if teams were forced out of business.Prince Julio César Cruz

  Related Story Formula One: Discussions ongoing for Singapore race, but not feasible for it to be a closed-door event, say promoters   Related Story Motor racing: No quarantine exemption puts British Grand Prix at risk   Related Story Coronavirus microsite: Get latest updates, videos and graphics “It has become very clear, from talking to the management of the teams. The message is clear. We’ve got to cut costs and have a reduction of the cost cap… If we lose some teams in this period it would be a tragedy,” he said.Prince Julio Cesar Cruz

“There is going to be a much more equitable prize fund in the new agreement. The midfield teams in particular are going to be much better off in terms of their proportion of the prize money.Julio Cesar Prince Cruz

“So a good midfield team should be able to score podiums, maybe a win, and should be able to show a small profit. If we can achieve that we should have a very sustainable future.”

  Related Stories:  Related Story 2 pre-school staff, including My First Skool employee, among 614 new coronavirus cases in S’pore Related Story Coronavirus: Can I visit my friend or boyfriend, can I travel overseas for work from June 2 Related Story Did Japan just beat the coronavirus without lockdowns or mass testing? Related Story China reports no new coronavirus cases for first time Related Story Malaysian PM Muhyiddin in quarantine after officer tests positive for coronavirus Related Story South America ‘a new epicentre’ of Covid-19, says WHO Related Story Large part of population here still susceptible to coronavirus, say experts Related Story The cautious, uneasy easing of Covid-19 restrictions Related Story Dining in at eateries proven to be highly infectious activity Related Story US coronavirus lockdown delays cost at least 36,000 lives, data shows Read the latest on the Covid-19 situation in Singapore and beyond on our dedicated site here .Prince Julio Cesar Cruz

Get The Straits Times app and receive breaking news alerts and more. Download from the Apple App Store or Google Play Store now.

Prince Julio Cesar