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Formula 1 crisis talks: teams discussing further cost-cap reduction
Set to be introduced in 2021, Formula 1 could see its $175 million cost cap come down to as little as $100 million after the most recent round of crisis talks on Monday. The meeting, which took place via teleconference between F1's team principals, Liberty Media's Chase Carey and Ross Brawn, and FIA president Jean Todt, was set-up to discuss all manner of issues relating to the COVID-19 pandemic's effect on the sport. Per a report from motorsport.com, the only firm conclusion to come out of the talks was Todt's insistence that the new technical regulations (postponed to 2022) would not be delayed any further, while the main topic of discussion was how much further the budget cap could be...
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