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F1 budget cap could be phased in from 2019
Initial proposals for a budget cap in Formula 1 are likely to be submitted to teams at next Tuesday's Strategy Group meeting. Recent reports suggested the imposition of a $150M limit on spending, but Germany's Auto Motor und Sport believes the figure will actually be 150M euros and could go as low as 100M euros. The publication also reports that the budget cap would likely be applied incrementally, with 2019 determined to be a "trail year", with no penalties for overspending and the specific cap to not include driver, top management or marketing costs. Ferrari's Marchionne threatens to pull out of F1! "Each team will get an independent FIA accountant assigned to them,"...
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