News Details
Liberty Media think budget cap "pretty much accepted" by F1 teams
Liberty Media CEO Greg Maffei has revealed that Formula 1 teams are now relatively close to accepting a budget cap system in the sport, as the American claims "huge progress" has been made in the effort to install the cap. The new owners of F1 have pushed the agenda of introducing a budget cap in 2021 for a long time, as the current disparity in budgets between the likes of Mercedes and a team like Haas F1 is monumental - hundreds of millions. “I think that huge progress has been made,” Greg Maffei was quoted by Motorsport.com. “Sure there are issues to be debated. F1 has talked about putting cost caps in for 15 years or more, and when we...
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6y ago from GPBlog.com
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