Formula 1’s teams have agreed a number of regulation changes aimed at leveling the playing field in the sport on top of a lower budget cap, including a sliding scale of aerodynamic development. In a meeting of team bosses on Friday, the previously reported new lower budget cap level of $145 million was approved for 2021, with that number to be further reduced in subsequent seasons. In 2022 it will drop to $140m, and then will be lowered again to $135m for the following three years. However, in an attempt to also deliver closer racing and a more competitive grid, teams will be allocated aerodynamic development time based on their previous year’s constructors’ championship finishing...
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