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Formula 1 postpone budget cap meeting
Formula 1 have delayed a meeting which was designed to discuss the posibility of lowering the upcoming budget cap until next week. The budget cap is set to come in for 2021, even though the new regulations have been pushed back until 2022, with a limit of $175m for a season. However, there are major exemptions such as driver salaries, wages for the top three executives in a team and engine costs. A deal has been reached in principal to now lower this cap to $150m with the same exemptions, but the top three teams are concerned over talks to lower it even further – McLaren CEO Zak Brown has warned that Ferrari and Red Bull are playing with fire over the cap. Mercedes, Ferrari and Red...
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4y ago from PlanetF1.com
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