F1 sprint race plan set for green light as teams agree financial deal

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

F1 sprint race plan set for green light as teams agree financial deal

As previously reported by Autosport, 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.

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.

Max Verstappen, Red Bull Racing RB16B, Lewis Hamilton, Mercedes W12, Charles Leclerc, Ferrari SF21, Valtteri Bottas, Mercedes W12, Lando Norris, McLaren MCL35M, and the rest of the field at the start

Max Verstappen, Red Bull Racing RB16B, Lewis Hamilton, Mercedes W12, Charles Leclerc, Ferrari SF21, Valtteri Bottas, Mercedes W12, Lando Norris, McLaren MCL35M, and the rest of the field at the start

Photo by: Mark Sutton / Motorsport Images

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 it 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.

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.

Read Also:

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

Wolff feels same 2013 ‘pump’ at Mercedes, clarifies Brown comments

Previous article

Wolff feels same 2013 ‘pump’ at Mercedes, clarifies Brown comments

Next article

Juan Pablo Montoya: Sprint races are the way forward for Formula 1

Juan Pablo Montoya: Sprint races are the way forward for Formula 1
Load comments
Can Red Bull really win anywhere now it’s toppled a Mercedes F1 stronghold? Plus

Can Red Bull really win anywhere now it’s toppled a Mercedes F1 stronghold?

OPINION: Red Bull team boss Christian Horner reckoned Max Verstappen winning the French Grand Prix – an event where Mercedes had previously been dominant – would signal “we can beat them anywhere”. Here’s how that claim stacks up looking at the rest of the 2021 season

Formula 1
Jun 23, 2021
The IndyCar feature that Paul Ricard desperately needs in F1 Plus

The IndyCar feature that Paul Ricard desperately needs in F1

OPINION: The French Grand Prix offered a surprisingly interesting spectacle, despite the headache-inducing nature of the circuit. But IndyCar's Road America race offered far more in terms of action - and the increased jeopardy at the Elkhart Lake venue might be something Paul Ricard needs in future...

Formula 1
Jun 22, 2021
French Grand Prix Driver Ratings Plus

French Grand Prix Driver Ratings

The French GP was a weekend decided by tiny margins both at the front of the field, as Red Bull inflicted a comeback defeat on Mercedes, and in the battle for the minor points places. That's reflected in our driver ratings, where several drivers came close to a maximum score

Formula 1
Jun 21, 2021
How Red Bull took French GP "payback" on a day of Mercedes mistakes Plus

How Red Bull took French GP "payback" on a day of Mercedes mistakes

The French GP has been a stronghold for Mercedes since Paul Ricard's return to the calendar in 2018. But that all changed on Sunday, as a clever two-stop strategy guided Red Bull's Max Verstappen to make a race-winning pass on the penultimate lap - for once leaving Mercedes to experience the pain of late defeat it has so often inflicted on Red Bull

Formula 1
Jun 21, 2021
The new age of sponsorship facilitated by F1’s relevancy push Plus

The new age of sponsorship facilitated by F1’s relevancy push

The age of the high-profile title sponsor is over, says JONATHAN NOBLE, but Formula 1’s commitment to technological innovation is attracting high-tech partners

Formula 1
Jun 20, 2021
How Britain’s lost Ferrari star epitomised a bygone F1 era Plus

How Britain’s lost Ferrari star epitomised a bygone F1 era

The 1956 Italian Grand Prix was over for Juan Manuel Fangio, along with his hopes of winning the world championship – until his Ferrari team-mate (and title rival) voluntarily surrendered his own car so Fangio could continue. NIGEL ROEBUCK recalls Peter Collins, a remarkable sportsman

Formula 1
Jun 19, 2021
The 'surprise' Mercedes time that puts F1's victory fight back on a knife-edge in France Plus

The 'surprise' Mercedes time that puts F1's victory fight back on a knife-edge in France

Red Bull led the way after the first two practice sessions for the 2021 French Grand Prix, but only just ahead of Mercedes. There was all the usual practice skulduggery complicating the performance picture, but one aspect seen at the world champion squad gave it a ‘surprise’ lift, as it looks to leave its street-circuit struggles firmly in the past

Formula 1
Jun 18, 2021
How Ferrari got its F1 recovery plan working Plus

How Ferrari got its F1 recovery plan working

After its worst campaign in 40 years, the famous Italian team had to bounce back in 2021 – and it appears to be delivering. Although it concedes the pole positions in Monaco and Baku paint a somewhat misleading picture of its competitiveness, the team is heading into the 2022 rules revamp on much stronger footing to go for wins again

Formula 1
Jun 18, 2021