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$175million cost cap coming for 2021
A cost cap of $175million per year looks set to be imposed as part of the 2021 overhaul of Formula 1, according to Autosport. The new limit will require Mercedes, Ferrari and Red Bull to reduce their current budgets and will be part of the newly formed Formula 1 Financial Regulations to run alongside the existing FIA Sporting and Technical Regulations. Nigel Kerr is the man behind the cap – a former financial chief for Honda, Brawn and Mercedes, he was snapped up by Ross Brawn in 2017, given the title of finance director, motorsports, and tasked with designing the brief for a viable cost cap. The restriction will be in place for the five seasons from 2021-25 with the provision for...
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4y ago from PlanetF1.com
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