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Wolff: Motorsport has to reduce entry-level costs
Mercedes boss Toto Wolff believes motorsport has to become “much more affordable” at every level, in the wake of Formula 1 introducing a budget cap. Formula 1 chiefs have agreed to reduce costs from 2021, limiting annual spending to $145m, a figure which will lower to $135m by 2023. But the cost of competing in junior categories remains high for aspiring Formula 1 drivers. ADVERTISEMENT While budgets vary depending on the team and the services included, it is understood that leading Formula 2 teams need around $3m from a driver, with the figure standing at $1m for Formula 3. Related Posts Perez and Gasly join virtual grid for Azerbaijan June 4, 2020 Technical Insight: The 2021...
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