Formula 1’s cost-cutting package was unveiled in full on Wednesday after gaining approval from the World Motor Sport Council, with a series of major changes announced.  Among the headline measures - aimed at safeguarding the sport and its 10 teams’ futures in the wake of the coronavirus crisis - was a lower than originally pitched $145 budget cap and a new research and development handicap system.  The changes come as part of F1’s wider push to help save costs and level the playing field to create greater competition throughout the grid, in conjunction with the major technical regulation overhaul which has been postponed until 2022.  The most eye-catching and radical aspects of...
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