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Todt rules out budget cap in 2015

FIA president Jean Todt has ruled out any chance of a budget cap being introduced in 2015 and will instead need to reduce spending by means of the regulations.With a number of the current teams struggling financially, and the hope of budget restrictions enticing new teams to enter the sport, the teams that form the Strategy Group - which comprises Ferrari, Red Bull, McLaren, Mercedes, Lotus and Williams, not forgetting the FIA and the commercial rights holder (FOM) - have killed off the idea.'I understand that all the teams that are part of the strategy group are against the cost cap now,' Todt told reporters in Bahrain. 'So clearly, if the commercial rights holder, and if six teams are...
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