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Mercedes and the Formula 1 cost-cap blues
The Formula 1 cost cap has hit Mercedes F1 hard and it culled staff too but the team made more money for their efforts. The F1 cost cap, and related capers, have been all over the news of late, as the ruling body, the Federation Internationale d’Automobile (FIA) stutters its audit out and dithers on how to deal with a couple of errant teams who dared break that dreaded glass ceiling. The fiasco lumbers on, and on. That F1 cost cap is no joke, however. Mercedes-Benz Grand Prix Limited spent $291 million in 2020. Last year it spent $267M, despite the calendar growing from 17 to 22 races. The cap has had a significant impact on the Mercedes-Benz Grand Prix team headcount, which was 1063 in...
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2y ago from GrandPrix247.com
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