– Force India F1 team boss Vijay Mallya has welcome plans to bring in a budget cap in 2015 and he believes it can work. The basic terms of the ‘global cost cap’ were agreed ‘in principle’ at the start of the month, following a meeting of the F1 Strategy Group and the Formula One Commission in Paris. A working group will now be established to consider the finer details, before the regulations are approved in full at the end of June 2014. “Brilliant news - I hope it’s implemented. It should have happened a few years ago actually, but better late than never,” Mallya told the official F1 site last week, after Sergio Pérez was confirmed at Force India alongside Nico...
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