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Budgets and parc fermé regulation shaking up paddock

Photo by: A couple of interesting stories out of Montreal this weekend as Formula 1 assembles for the Canadian Grand Prix. The first is centered around the 2021 regulation changes and in particular, the cost-cap concept that has been spoken about for the past several seasons. A cost cap of $175million per year is rumored to be the 2021 season per team budget which means that Mercedes, Ferrari and Red Bull are going to need to cut their budgets substantially. The regulation is set for a five-year period starting in 2021 with a possible dry-run in 2020 in which the teams would be invited to open their books to the FIA’s scrutiny. Interestingly, there are a few key...
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