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Brawn: F1 set for reduced budget cap
F1's motorsports managing director Ross Brawn has told Sky Sports that the sport is now in the final stages of agreeing a reduced cost cap for 2021. The sport was due to introduce a cap of $175m, excluding including drivers' salaries and other selected items, from next year in a bid to improve the competitiveness of the sport. But Brawn says the economic consequences of the coronavirus pandemic have accelerated the need for a further reduction in the money being spent by teams to go racing. Fresh from a meeting between F1 and the FIA the sport's governing body, on Monday Brawn joined The F1 Show to provide the latest update. "Today's meeting was the FIA and Formula 1," said Brawn...
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5y ago from SkySports.com
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