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McLaren: F1’s current crisis the final wake-up call
McLaren team principal Andreas Seidl sees the ongoing coronavirus crisis as the most important moment to trigger changes to allow Formula 1 and the teams to survive and improve ahead of crunch talks on the budget cap and other cost-cutting measures. The Woking-based team has led calls for F1 to lower the team budget cap from $175m to $100m per season to drastically reduce costs to help deal with a drop in revenue as racing is suspended indefinitely during the coronavirus pandemic. With F1’s organising body looking at ways to reshuffle and salvage the 2020 season, the summer shutdown has been pushed forward to April and extended from to five weeks for teams and power unit manufacturers,...
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