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Aston Martin: F1 financial regs will be new ‘battleground'
Aston Martin's chief financial officer believes that the next 'battleground' in Formula 1 will be about which team can use its budget the wisest. A $145million budget cap came into force in the sport for the first time in Formula 1 history this season, which has limited spending throughout the grid. This will be reduced to $140million in 2022 and then to $135million in 2023 as part of efforts to make the sport more financially sustainable. Robert Yeowart, Aston Martin's CFO explained how different teams will be affected by the budgetary restrictions, with the Silverstone-based team actively expanding its staff to 800 people to try and compete at the top. “We’re slightly different from...
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3y ago from PlanetF1.com
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