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Steiner: Budget cap has saved some small teams

Formula 1 not only avoided losing a few of its smaller teams by cutting the budget cap but will also be 'more interesting' to manufacturers. That's the opinion of Haas team boss Guenther Steiner. Last week Formula 1 confirmed that all the teams had agreed to reduce the budget for the 2021 season, lowering it to $145 million. That will be further cut in 2022 and again in 2023. Steiner says that decision has perhaps saved a few teams. 'I think some of the small teams would have gone [without a budget cap], and that wouldn't have helped the big teams as well,' he told Sky F1. 'I think it's a fair compromise. They realised that, and made some cuttings as far as they could go, and the...
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3y ago from PlanetF1.com 0
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