The budget cap for 2021 has been reduced to $145 million. Because of the coronavirus the Formula 1 saw an opportunity to lower the cap and they succeeded. In fact, soon the teams will vote for even more cuts. Budgetcap even further down According to Motorsport-total.com, Formula 1 has a proposal of five years. It is expected that the budget cap will drop to $140 million in 2022 and $135 million in 2023. That amount will remain in 2024 and 2025, after which the cap will be renegotiated in 2024. Read more Verstappen: 'Racing in Austria increases the pressure' It should be a simple vote, because the teams already agree with a large part of the proposal. The big teams might still struggle a...
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