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F1 budget cap should be just $75m - Agag
Apr.15 Formula 1's new budget cap should be as low as $75 million in the wake of the coronavirus crisis. That is the view of Formula E boss Alejandro Agag. "In general, this could be an opportunity for motorsport," he told motorsport-total.com. "Especially for Formula 1, it could be a huge opportunity to restructure the entire model," Agag added. "I'm hearing about budget caps of $125 million and that sort of thing. Then why not have a cost cap of $75 million and make everyone really profitable?" Agag even thinks the timing of the crisis could be a blessing for F1. "Perhaps it is a good thing that the Concorde Agreement has not yet been signed, because...
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