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Carey confirms budget cap 'dry run' for teams in 2020
Formula 1 CEO Chase Carey has confirmed that the spending of all ten F1 teams will be monitored next season, a year ahead of the formal introduction of the sport's $175m budget cap. F1, the FIA and the teams have agreed on cost cutting measures from 2021, with spending capped at $175m. However, the number excludes a series of significant items, including drivers' salaries, engine costs and marketing expenses. But properly policing the budget cap by the sport's legislators is obviously crucial to its reliable implementation. Formula 1 enjoys increase in revenue for second quarter 2019 Formula 1 will therefore undergo a "dry run" in 2020, with teams invited to open their books for...
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