United States Grand Prix – Formula 1 will introduce a budget cap to teams from 2021 onwards. How will it be implemented, monitored and enforced? Formula 1's long-awaited financial regulations will come into force from the 1st of January 2021, with each team then restricted on certain aspects of their spending. These regulations have been brought in to help make things a little bit more fair for the smaller teams, while preventing the bigger teams from simply throwing money at their problems. Speaking at the press conference announcing the regulations, Formula 1 Managing Director Ross Brawn warned teams that these regulations ‘have teeth' and ignoring them will result in teams...
Full Story »