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Liberty Media eyes F1 cost cap - report
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US businessman John Malone, whose Liberty Media group is currently in the process of a takeover of Formula 1, plans on implementing a budget cap in the sport, according to a business report in The Telegraph. Cost control has been a recurring theme in F1 for many years as smaller outfits struggle to keep pace with ever-growing budgets. However, teams have never managed to reach any agreement and previous proposals have been ditched in the face of opposition from big constructors. In 2009, then FIA president Max Mosley wanted to establish a £40 million budget cap, an enticing prospect for the three outfits - Lotus Racing, Virgin Racing, and Hispania Racing F1 Team - set to enter the...
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