Formula 1 director of motorsports Ross Brawn says an agreement over the sport's budget cap that will be introduced next year is on the verge of being finalized. F1's cost cap level had initially been set at $175m, but the onslaught of the coronavirus and the sport's subsequent economic downturn compelled F1's chiefs and the teams to reduce the spending limit to $145m. However, that level, to which the large teams agreed, is being disputed by the smaller outfits seeking a further push back, with McLaren lobbying for a cut all the way to $100m justified by the current crisis and its longer term impact on the teams' financial health. Discussions and consultations have been ongoing between...
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