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Constructive' discussion but still no decision on budget cap
Just before Easter, the F1 summit came together to discuss lowering the budget ceiling. The F1 teams, Chase Carey and Jean Todt came to a tentative agreement that the intended budget ceiling could be lowered from 175 million to around 150 million. The talks were resumed on Thursday. Because of the COVID-19 pandemic, changes are not only made to the calendar. For 2021, a budget ceiling of 175 million per team was agreed for all teams. For the F1 and the FIA this amount was still a bit too high at the time. The organization aimed for a ceiling of 130 million. Many teams, especially the large teams like Red Bull Racing, Scuderia Ferrari and Mercedes, did not agree with the 130 million...
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6y ago from GPBlog.com
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