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F1 feared losing manufacturers without cost cap
Formula 1’s Managing Director of Motorsports Ross Brawn says he feared the championship would have lost manufacturers had a budget cap not been introduced. Formula 1 stakeholders agreed last October to introduce an annual cost cap of $175m – excluding some aspects such as driver salaries, marketing and engine costs – from 2021. The coronavirus pandemic prompted a re-think and the cap has been revised to $145m, lowering to $140m in 2022, and $135m from 2023. Brawn believes that putting a definitive figure on a spending limit provides greater clarity long-term for the championship’s manufacturers. Related Posts Aston Martin F1 factory delayed by a year June 16, 2020 Over 100...
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