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BREAKING: F1 teams agree on a budget cap of $145 million!
There is finally an agreement between the Formula 1 teams on lowering the budget cap. It took a few weeks before the race stables were in line, but the decision was made on Monday afternoon. From the 2021 season onwards, in the pinnacle of motorsport, the budget cap will be $145 million per year. That's what Ross Brawn revealed as sports director of Liberty Media at Sky Sports. Initially, the budget cap was supposed to be $175 million per season, but now, due to the financial problems of the corona crisis, that's $30 million off. Read more Horner criticizes FIA: 'Lack of transparency is the hardest thing to deal with' Several large costs such as drivers' salaries are not included in this...
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