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FIA approves cost cap reduction amid F1 rule changes
The FIA WMSC has approved a cost cap reduction The FIA World Motorsport Council (WMSC) has rubber stamped a suite of sporting, technical, and financial regulations changes for Formula 1. Key among the approved changes is the lowering of the cost cap set to be introduced next year. That will now come in at USD 145 million before reduced to USD 140 million for the following season, and USD 135 million for 2023-2025. It had originally been planed for a USD $175 million though teams agreed to reduce that figure before being signed off by the WMSC. Changes to a number of exceptions and additions have also been made, covering items such as staff entertainment, sick and maternity/paternity leave....
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