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'Red Bull quits alliance with Ferrari and Mercedes in budgetcap talks'
As a result of the corona crisis, Formula 1 teams run the risk of ending up in major financial problems. In order to accommodate the smaller teams in these difficult times, a further reduction of the budget ceiling for 2021 has been proposed. Last year it was agreed that the limit will be 175 million dollars, now a number of teams are pleading to reduce this amount to as much as 100 million dollars. It will come as no surprise that any form of further reduction so far has been blocked by the three big teams. Normally the teams have to agree unanimously to come to a decision on this. However, since this is now an emergency situation, a majority is enough to implement new regulations. Read...
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6y ago from GPBlog.com
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