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Brown: Mercedes will have to lay-off people

McLaren CEO Zak Brown predicts Mercedes will have to lay-off staff should the pending 2021 Formula 1 budget cap become part of future regulations, however, he believes the forced cut in expenditure by teams will level the playing field. Formula 1 and stakeholders have (reluctantly) agreed on an annual budget cap of $175-million over five seasons from 2021-25, although there is provision for an upward adjustment for inflation. Notably, the amount does not include expenditure such as driver salaries, marketing expenses and engine related costs. In a wide-ranging interview with Auto Motor und Sport, Brown gave his views on the combined F1/FIA proposal sent to teams, 'Nothing in the document...
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1mo ago from GrandPrix247.com 0
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