For as long as anyone can remember, there have been calls to limit team spending, in a bid to make the sport more attractive to newcomers, ensure the financial stability of existing teams and to level the playing field. Max Mosley tried and failed, but now, under the sport's new ownership F1's powers that be appear to finally have a plan. The original intention to introduce a cap of around $200m which would then decrease on a year-by-year basis has been scrapped, and instead it is now intended that from 2021 a $175m limit will be introduced which will remain in place for 5 years. However, driver salaries, engines and marketing costs are not included in the figure. Renault boss, Cyril...
Full Story »