Formula One teams have been called to a summit set to take place on the 22nd of January to discuss the progress and framing of future rules, specifically a cost cap.
While no official agenda has been set, it is most likely that the issue of cost and expenditures in the sport will be highly debated, with the proposed cost cap of 2015 posing some major issues.
The main point of contention about the cost cap is what aspects of team activity will be restricted by it, as in whether an actual budget cap needs to be implemented or whether the way prize money is distributed needs reformation. Teams hope to reach an agreement over this by June of this year, as AUTOSPORT understands.
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