News Details
Cap will make F1 sustainable, but still premier series, says Ferrari
Formula 1’s budget cap will ensure the championship remains
sustainable for each team, according to Ferrari, will retaining its status as
the premier motorsport category. Prior to the outbreak of the coronavirus pandemic Formula 1 had
signed-off on implementing Financial Regulations for the first time in its
history, to be introduced in 2021. A figure of $175m per annum, excluding some costs relating
to engine development, marketing and driver salaries, had been agreed, in a bid
to control excessive levels of spending. But the pandemic has already prompted a re-think and the cap
is poised to be reduced to $145m. “There has been significant progress on numerous measures to
freeze...
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4y ago from MotorsportWeek.com
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