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FIA formally approves F1 cost-saving and rule changes

The FIA's World Motor Sport Council formally rubber-stamped a raft of cost-saving and regulation changes covering Formula 1's present and near-term future. As expected, next year's long-awaited budget cap will be introduced with a $145 million limit that will drop to $140 million in 2022 and then to $135 million for the following 2023-2025 period based on a 21-race annual schedule. Furthermore, to help mitigate the sport's economic downturn due to the coronavirus crisis, a freeze is applied to a large list of components, including chassis, gearbox, a number of mechanical components and impact structures, between 2020 and 2021 FIA opens whistleblower hotline to report 'misconduct'...
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