McLaren boss Andreas Seidl has warned that Formula 1 teams cannot expect the budget cap alone have a transformative effect on the championship’s competitive order. Formula 1 will introduce financial regulations for the first time in 2021, with an annual cap of $175m, in a move that has been welcomed by competitors. As well as making the sport more sustainable it is hoped that the restrictions on research and development spending will produce a more competitive playing field. Mercedes has won all titles since the start of the hybrid era in 2014 while only the reigning champions, Ferrari and Red Bull have claimed grand prix victories during that period. Seidl, whose McLaren team holds...
Full Story »