FIA president Jean Todt is in favour of lowering F1's budget cap ceiling, but insists more cutbacks still won't allow small teams to compete on an equal level with the sport's big guns. Formula 1, the governing body and the teams will meet again this week to consider more changes to next year's budget cap which was recently lowered from $175m to $150m. While Ferrari and Red Bull are against any further reductions, the smaller outfits are seeking compromise around the $130m level, although several outfits are lobbying for an extreme push down to $100m. The disruption caused by the coronavirus pandemic and the uncertainty surrounding its evolution has forced F1 to mitigate as much as...
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