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Wolff adamant $150M budget 'not achievable' for big teams
Mercedes' Toto Wolff expressed his doubts over Formula 1's ability to impose a $150M budget cap on teams, believing the figure is simply too low for the sport's top outfits. Yesterday in Bahrain, Formula 1's executives presented teams with a series of strategic initiatives that represent their vision of the future. Reducing the level of spending in the sport is a major focus for commercial rights holder Liberty Media as it aims to level the playing field and attract new competitors. While the concept of a budget cap has been discussed, no specific level has been officially confirmed, but the $150M figure is widely cited as the targeted threshold. "That number needs to be seen in...
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