Toto Wolff says Mercedes may consider joining other categories as the 2021 budget cap will leave them with surplus personnel. The new regulations will limit teams to spending no more than $145 million for the 2021 season. The cap will then be reduced to $14omillion for 2022 before staying at $135million from 2023 to 2025. Wolff, the team boss, feels that these changes make remaining in the sport more financially feasible for Mercedes and their competitors. 'First of all, we're living in a financial reality that is very different to pre-COVID-19, and we have accepted the lower budget cap and it is a must that successful F1 franchises earn money rather than lose money,' he told Autosport....
Full Story »