Formula 1 set to introduce $175m budget cap Formula 1 is set to introduce a $175million budget cap on teams for the 2021 season. The budget cap will cover most of the team's expenditure, though with a number of exclusions for costs such as travel, driver remuneration, marketing and hospitality, and part of the power unit costs. Draft copies of the 2021 regulations are understood to have been circulated to teams this week, with a meeting on Thursday in the paddock at Montreal. It's believed another meeting will take place on Sunday morning. The budget cap however is just the tip of the iceberg when it comes to financial changes within the sport going forward. Also being overhauled is the...
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