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Liberty planning F1 budget cap - report
Incoming Formula 1 owner Liberty Media is reported to be evaluating plans for an introduction of a budget cap for competing teams. The American media organisation has recently announced it had reached an agreement with third-party investors to fund its acquisition of F1. According to a report in the business section of British broadsheet The Telegraph, a spending cap is among Liberty's future plans for Formula 1 - with the category's top manufacturers significantly outspending the smaller, independent teams under the existing model. The report quotes an unnamed senior source familiar with Liberty's cost-cap plans as saying: "It makes no sense to have teams spending the better part of...
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9y ago from Motorsport.com
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