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No need for budget cap says Ecclestone

Bernie Ecclestone says that Formula One teams do not need a budget cap but should instead learn to spend less according to an article in the Independent by Christian Sylt.A £120m cap on team budgets was due to be introduced in 2015 but was blocked in April by the Strategy Group, a body comprising Ecclestone, the FIA and six leading teams. 'I don't think they need a budget cap. The people who don't need a budget cap will find their way round it,' says Ecclestone.The formation of the Strategy Group last year, and its recent decision to drop the cap, angered F1's smaller teams which are not members and would have benefited most from the restriction on spending.On April 10 the four...
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