Whereas Formula 1 seemed to have reached an agreement for a universal budget cap at the end of last year, the corona crisis in recent months made it necessary to renegotiate the terms. The outcome of this has been on the shelf for a while and now this five-year plan is official. It was previously agreed that the original limit of $175 million per year for 2021 would be reduced to $145 million, and incrementally, several million more will be added by 2025. Read more Despite the title, Ocon was disappointed: 'Because Verstappen got a seat' The aim is to reduce the limit to 140 million by 2022 and to 135 million by 2023. The latter amount will then remain in place for two years, while in the...
Full Story »