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Formula 1 bosses aim for 2021 budget cap
Formula 1 is pressing ahead with plans to introduce a budget cap in 2021 as part of wide-ranging plans to make the sport more attractive. Owners Liberty Media presented more detail on their plans to the teams at the Bahrain Grand Prix on Friday. A budget cap of around $150m is central to the aim to close up the field, along with more equitable prize money distribution and technical changes. Title contenders Mercedes and Ferrari have so far not responded to the plans. Bob Fernley, deputy team principal of independents Force India, said: "It is a constructive programme. Liberty are going around getting the individual teams' opinions and putting it together collectively into what they...
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