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FIA details regulations for 2021 budget cap
The FIA has revealed its regulations for the budget cap set to be introduced with the 2021 Formula 1 season, explaining how teams must report their spending in the sport's new era. The budget, which is set at $175 million USD for a 21-race season, is an initiative of the FIA and F1 owners Liberty Media that aims to achieve three primary objectives: to promote the competitive balance of the Championship; to promote the sporting fairness of the Championship; and to ensure the long-term financial stability and sustainability of the F1 Teams Additionally, the regulatory document, released on Friday after 2020's first meeting of the World Motorsport Council, promises to preserve 'the unique...
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