Cyril Abiteboul has confirmed the budget cap set to arrive in Formula 1 will be a problem for Renault. He goes on to confirm he is desperate for some clarity on the situation before it becomes too late. A budget cap, set to be around $150 million, is expected to arrive in 2021. Abiteboul, boss at Renault tells RaceFans how concerned he is about the future finances. "The cap is really important, because with the cap if we have to be at around $150 [million], we are already above 150. It's a problem, it's a small problem for us, [but] it's a huge problem for [Red Bull], for Ferrari," Abiteboul told Racefans. Teams will begin planning for the 2021 season soon. Financial situations...
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