Mercedes boss Toto Wolff believes a more balanced competitive field, with five or six teams in contention for wins, will emerge in the future thanks to F1's budget cap. Formula 1 and the FIA implemented a $145 million cost cap last season that has been cut to $140 million for this year and will fall to $135 million from 2023 onwards. The three-year glide path was introduced to allow for the sport's biggest teams – namely Mercedes, Red Bull and Ferrari – the time to adjust the size of their operations to the new financial constraints. Needless to say, when the cost cap measures were rubber stamped in 2020, the big teams were unhappy with the prospect of being forced to reduce the scale...
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