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F1 budget cap a "path to profitability" - Brown
McLaren CEO Zak Brown believes the Formula 1 budget cap will "put a better product on the track" when it is finally introduced in 2021. F1 had planned to introduce a cost cap of $175million, but the global pandemic and resulting financial pressures on teams and manufacturers saw this figure drop to $145m for next year, $140m in 2022, and then $135m from 2023 for three years. Article continues under video “I think the teams did an excellent job over the extended winter to address the fiscal nature of the sport," Brown said in Friday's FIA press conference. "As I think everyone knows, there was too big of a spread between first and 10th, which then plays itself out also...
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4y ago from GPFans.com
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