The Formula 1 team bosses reportedly had a 'constructive' meeting on Thursday but did not agree to a reduced budget cap, at least not yet. Not for the first time since the Australian Grand Prix was cancelled and it became clear that the Formula 1 season would not get underway as planned, the team bossed held a telephone conference with F1 chief Chase Carey and the FIA's Jean Todt to discuss the sport's future. The hot topic, once again, was the budget cap. The cap is set to come into being next season and, at least for now, is written into the rules as $175m. The teams have all agreed to lower than to $150m, although some are pushing to reduce that even further to $100m as fears that some...
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