News Details
Teams warned on 'stockpiling'
With the budget cap due to be introduced next year, and teams likely to seek out various forms of creative accounting in a bid to circumvent the rules, the FIA has warned them not to attempt stockpiling. From 2021, the world championship might not be decided on track but on the balance sheet as the much-anticipated $145m budget cap comes into effect. There is already fierce speculation as to how the teams will seek to get around the strict limits, and just like their technical counterparts, the various financial departments will be pushing the envelope wherever possible. One potential avenue is stockpiling, whereby, with the rules essentially unchanged next season, teams start buying in...
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4y ago from Pitpass.com
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