Formula 1 cannot just rely on a budget cap to sufficiently bring down costs in the championship, reckons FIA president Jean Todt. Although a defined limit on team spending is being pursued by F1’s owners as a key change for the future, Todt believes it would be a mistake to rely on it exclusively as a means of controlling expenditure. He thinks that a cost cap must go hand-in-hand with other regulations that help make F1 cheaper, otherwise there is a risk of the concept failing. “We have been talking about cost control/cost cap for a while,” said Todt. “I believe it is a good move, but for me it has to be a combination. “We need to make regulations which will have some impact on...
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