Formula 1 boss Ross Brawn has warned the new financial regulations 'have teeth' and will bite teams if they fall foul of the 2021 rules. As part of the 2021 blueprint, which has been officially ratified by the World Motor Sport Council following unanimous agreement from all parties, a $175m, fully enforceable cost cap will be introduced in the hope that success will be dependent on how teams spend their money rather how much they spend. And Brawn has said teams can expect big consequences if they do breach the sport's new, strict financial regulations. 'Financial regulations are the dramatic change in F1,' Brawn said in the official reveal at an FIA press conference in Austin, Texas....
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