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Cost cap debate rumbles on with R&D on the table
Monday's meeting of the Formula 1 team bosses and F1 chiefs ended without a firm decision being made on the lowering of the budget cap. Formula 1 boss Chase Carey and sporting boss Ross Brawn held a telephone conference with the 10 team bosses on Monday afternoon. According to reports the meeting lasted the entire afternoon with no firm decisions being made. The main topic was the budget cap. Formula 1 was set to introduce a $175m cap next year with all 10 team bosses agreeing to lower than to $150m. But, in light of the ongoing financial crisis that has seen McLaren, Williams, Racing Point and Formula 1 furlough staff, the sport's smaller teams are pressing for that to be further reduced...
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4y ago from PlanetF1.com
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