Certain aspects of team expenditure will not be covered by the cost cap, including marketing costs, driver salaries, heritage asset costs, year-end bonuses, depreciation and amortization, non-F1 activities, entry fee costs and the three highest paid people in the team. The full 2021 sporting regulations can be found here.

Simulations of the new design suggest that number will increase to 86 percent in 2021, increasing the chances of close racing from 2021 onwards. Current F1 cars only retain 55 percent of their total downforce once they are within a car's length of the car in front, dramatically reducing their ability to remain close through high-speed corners. Who was to blame for Mugello's Safety Car pile-up? At a press conference ahead of Sunday's U.S. Grand Prix at the Circuit of the Americas, F1 unveiled the technical and sporting regulations which include new financial rules including a cost cap to bind every team.

Magnussen, Grosjean to leave Haas at end of 2020, Power Rankings: Introducing the F1 Comfy and Uncomfy Clubs, Nicolas Hamilton: Lewis' 91 wins show dreams can come true, The story behind Toto Wolff's lap record and huge crash at the Nurburgring, Like Schumacher, Hamilton earned his special place in F1 history, Why Hamilton matching Schumacher's records is so remarkable, Fantastic Grand Prix as Hamilton equals Schumacher, Bottas on pole, Red Bull closing in, Hulk back in action, Mercedes confirms another COVID-19 case in F1 team, Fog ends Mick Schumacher's practice hopes in Germany, F1 practice at the Nurburgring cancelled due to fog. F1® 2020 allows you to create your F1® team for the very first time and race alongside the official teams and drivers. Drivers and teams are scheduled to compete for t… Alternatively, challenge your friends in new split-screen with casual race options for more relaxed racing. "But we don't think that is the key parameter of the spectacle, we feel that the raceability is the main target. Hot laps with Lando Norris (1:34), F1 unveils its car of the future for 2021 and beyond, Hamilton moves past Schumacher with 92nd win, Norris: Stroll never learns from mistakes, Mercedes backs Red Bull's plan to take over Honda F1 project, Vitaly Petrov steps down as Portuguese GP steward after father's death, Vettel admits Leclerc in 'another class' at Portuguese GP, Verstappen, Stroll avoid punishment for 'unnecessary' collision, McLaren questions Racing Point's handling of Stroll's COVID-19 case, Haas open to running two rookies in 2021, admits money is a factor, Why Hamilton had the edge over Bottas in Q3 at Portimao.

In order to reduce the amount of new parts that are flown in during a race weekend, a "reference specification" will be introduced that teams have to stick to for the rest of the weekend. Say hello to the future of F1The countdown to 2021 starts now...#F12021 pic.twitter.com/zpBznBzpyx. The 2021 FIA Formula One World Championship is a planned motor racing championship for Formula One cars which will be the 72nd running of the Formula One World Championship. (1:34). "But even the car that has been developed with CFD and the wind tunnel [by F1] has got a respectable amount of performance and it has been developed by essentially a relatively small number of aerodynamicists and hours in a wind tunnel compared to a normal team. The sporting side of the regulations has not been overhauled to the same extent as the technical, but one key change is the compression of a race weekend from four days to three. A 'dry run' will take place in 2020 when the teams will be audited, but there will be no penalties for going over the $175 limit until 2021. What does Honda's departure mean for Red Bull and F1? Hamilton says 'ridiculous' penalties aimed at stopping him, Hamilton still faces big challenge to secure 91st win, Vettel puts his Ferrari in the wall to red flag Q2, Hamilton qualifies for Q3 in the last second, Hamilton: More important things in the world than Schumacher's record, Alonso: Only Hamilton & Mercedes are allowed to win, Ricciardo: Hamilton leading the way for BLM, Power Rankings: The winners and losers after the first half of the season, The Schumacher trait that makes Verstappen such a tough teammate, Surprise F1 podium finisher Alex Albon's confidence never wavered, FIA looking into Hamilton's Breonna Taylor shirt protest. Watch the U.S. Grand Prix on ESPN2.