F1 sprint race plan goes green as teams agree financial deal

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As previously reported by TBEN, F1’s desire to compete in sprint races on Saturday at three Grand Prix this year had hit a snag with teams unhappy with the additional costs involved.

Beyond some teams wanting more 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 it could have on cost cap limits.

But a push by some companies to raise the cost cap to $ 1 million met resistance from some small teams who feared the extra expense field could be used for performance gains.

Following discussions over the past few weeks on the issue of costs, several sources confirmed that a financial proposal had been put forward and that the teams were satisfied.

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

Additionally, if a team incurs a heavy damage bill as a result of a major accident in a sprint race, then there is room in the deal for additional leeway with additional payment and a cost cap. increased to cover this, so they are not. unfairly penalized.

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

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Photo by: Mark Sutton / Motorsport Images

With the financial terms now settled, it is understood that only a few minor details now need to be finalized before the final rules for the sprint race can be formally approved by the teams.

With the teams agreeing on the matter, however, there isn’t a huge rush to get him across the line, so a final vote may not take place for a few more weeks – although it can happen as soon as possible. the Imola race weekend.

The sprint qualifying plan will be to run three 100km races on Saturday at Silverstone, Monza and Interlagos this year to see what impact it will have on television and on-track performance.

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

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Speaking at the Bahrain Grand Prix, Red Bull team boss Christian Horner said sorting out financial details was important for bigger teams pushing to the limit of F1’s new budget cap.

“It just takes a reasonable allocation that takes that into account, because right now we are looking for £ 10,000, £ 20,000, £ 30,000 in savings to make sure we hit the cap,” he said.

“Suddenly having a variable like this is something that just needs to be factored in. We want to support him, but there has to be an accommodation. “

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