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Budget cap puts Mercedes F1 on the brink of profitability
Daimler chairman Ola Källenius believes the Mercedes Formula 1 team could soon begin to turn a profit as a result of the new spending cap. In past years, Mercedes has had one of the largest budgets on the grid, in part due to its high volume of staff that has pushed developmental limits, which in turn has led to continued success on track. Article continues under video From this year, F1 has introduced a $145million budget cap, that excludes driver salaries and those of top-three additional earners in a team, alongside a list of other specifics. The cap will be reduced to $140m for next year, and then $135m for the following three years through to 2025, which Källenius feels will serve...
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