Mercedes and Red Bull believe Formula 1 has missed an opportunity in not delaying the planned 2021 regulatory overhaul by 12 months. Leading Formula 1 figures are in the final stages of producing the Sporting and Technical Regulations for 2021, which currently have to be published prior to October 31. Part of the regulatory overhaul includes the gradual introduction of a budget cap – initially set at $175m – but there has been widespread expectation that big teams will spend heavily in 2020 before the change is implemented. This has led to fears that the competitive order will not change drastically come 2021. “I think we’ve missed a bit of an opportunity, in fact I...
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