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Formula 1 set for latest budget cap vote
The Formula 1 teams are looking over the latest budget cap proposals before voting on what would be a five-year plan to lower the cap. Following the cancellation of the Australian Grand Prix, it became evident to everyone that the Formula 1 would not be taking place as planned. That hiatus is costing the teams roughly $2m for every grand prix missed, three of which have been cancelled and seven postponed. The sport's bosses immediately took steps to minimise the financial damage, agreeing to delay what would have been the 2021 rules to 2022 and instead racing this year's chassis in next year's championship. Formula 1 will also be freezing additional parts, up to 60 percent of the cars. But...
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6y ago from PlanetF1.com
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