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Tost: COVID a financial eye-opener for F1 teams

AlphaTauri team principal Franz Tost thinks the effect of the health pandemic has served as an eye-opener for constructors in a financial sense. With the 2020 Formula 1 calendar decimated by the COVID-19 outbreak, teams had to brace themselves for huge drops in revenue as a result of the reduced prize money payouts. Thus a budget cap has been introduced whereby teams are allowed to spend no more than $145million in 2021, which is $30million less than the figure originally agreed. The other major difference as a result of the pandemic is that the sweeping changes to the regulations, which had initially been planned for 2021, were delayed by 12 months. Tost has concurred with his Alfa Romeo...
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1mo ago from PlanetF1.com 0
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