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F1: FIA aware of shortcomings of budget cap
Though the sport finally saw sense and introduced a budget cap, the FIA's Single Seater Director, Nikolas Tombazis admits that it has its downside. The drive to introduce a cap on spending almost broke the sport under Bernie Ecclestone and Max Mosley's leadership, but in all honesty it is one of the few things Liberty Media has done that was needed and appears to work. If nothing else it has ended the sort of spending wars we've seen in the past and which we could have seen again what with Mercedes need to catch up with Red Bull. While some teams are still operating below the cap, which falls to $130m next season, this year, despite the cap's obvious constraints, McLaren proved that things...
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10mo ago from Pitpass.com
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