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F1 and teams agree to consider changes to budget cap for 2021

Formula 1 bosses and the teams agreed at a meeting on Monday to consider changes to next season's budget cap. From the original level of $175m, less exclusions, all parties had already agreed to cut the threshold to $150m to help teams deal with F1's economic downturn sparked by the coronavirus crisis. But during yesterday's online meeting, which included F1's Chase Carey and Ross Brawn, and FIA president Jean Todt, F1's midfield outfits lobbied for a further reduction of the future spending limit to $125m. The request came shortly after McLaren boss Zak Brown warned of the potentially devastating consequences of the coronavirus crisis on the well-being of the sport's weakest teams. Brown...
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