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Liberty: ‘Huge progress' made in 2021 talks
Liberty Media CEO Greg Maffei has said that Formula 1 and its teams are now only “tens of millions apart” on a cost cap from 2021. As part of Liberty's vision for the sport after 2021, a cost cap had been proposed, but convincing the top three – Mercedes, Ferrari and Red Bull had been proving difficult. However, news that the negotiations have progressed to the point where an agreement is just 'tens of millions' away will come as a boost to teams such as Renault, McLaren and Williams who have regularly shown their support for a budget cap. “I think that huge progress has been made,” Maffei told the audience at a media and communications conference in New York. “Sure there...
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5y ago from PlanetF1.com
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