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Formula 1 spending levels unsustainable - Andreas Seidl

New McLaren Team Principal Andreas Seidl says spending levels in Formula 1 are currently “not sustainable” but is optimistic matters will change post-2021. Seidl, who previously worked in Formula 1 with BMW before spearheading Porsche’s ultra-successful LMP1 project, joined McLaren as its new team boss at the start of the month. Seidl joins a McLaren team that has slipped back into the midfield through the past decade, with Formula 1’s leading three teams – Mercedes, Ferrari and Red Bull – holding an advantage over the rest. Formula 1 chiefs and the FIA are intending to introduce a sliding-scale cost-cap from 2021 and Seidl believes it is needed in order...
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