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Abiteboul: Budget cap not a 'saving opportunity' for Renault
Renault F1 boss Cyril Abiteboul says Formula 1's future budget cap will be anything but a "saving opportunity" for the French team compared to its current level of spending. The sport's managers and the teams have agreed to implement a mandatory cost cap from 2021 set at $175 million However, the figure excludes a series of significant items, like drivers' salaries, engine costs and marketing expenses, and surpasses the teams' current budgets except for Mercedes, Ferrari and Red Bull. Abiteboul says the planned level of spending is higher than anticipated and could actually decide Renault to increase its budget to help it compete with its front-running rivals. Carey confident...
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