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F1 set for lower budget cap, development handicaps
The 2019 Australian Grand Prix Formula 1 teams have reportedly agreed to further reductions in the budget cap and an aerodynamic development handicap system in future years. A budget cap of $145 million (USD) for next year has been accepted, as expected, reports Spanish sports newspaper Marca and the BBC. The cap, which was originally to have taken effect next year at $175 million before the COVID-19 pandemic hit, is also set to fall further in increments in the following seasons. In 2022, it would be $140 million, and for the three years following, $135 million. Both outlets also report that teams are set to be limited on aerodynamic development time, in wind tunnel and CFD, based on...
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