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Brawn: F1 will crash and burn without a cost cap
Formula 1 is in desperate need of a budget cap with Ross Brawn saying the sport will 'crash and burn' unless someone pulls the teams into line. Liberty Media will do just that in 2021. F1's owners, together with the FIA and the teams, have agreed to implement a $175 million per season budget cap. That will cover everything relating to the car except customer engine deals, which are capped at just short of $16.5m per year. What it doesn't include is drivers' salaries, bonuses, the wages of the team's top-three employees and their travel costs, marketing and F1 entry fees. Brawn, though, feels it is a big step in the right direction. He told Sportsmail: 'F1 is a victim of its own success....
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5y ago from PlanetF1.com
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