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Panthera Team Asia: We're in constant discussion with F1 stakeholders
Ross Brawn admitted that Formula 1's priority is to assure the current teams’ survival, putting new entrants' desires on hold for now, however, Panthera Team Asia is still in the running for entry into the top flight and owners believe that the new set of rules will put them closer to their goal. At the end of May, it was announced the new rules designed to create a more level playing field for teams and to help them survive the financial difficulties that lie in the aftermath of the COVID-19 outbreak. To offer some sort of stability to teams, in 2021 a cost cap of $145-million will become mandatory, and will be reduced to $140-million in 2022 and $135-million in 2023. Also set to reduce...
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