FIA has announced that the World Motor Sport Council has approved major changes to the sporting, technical and financial regulations that will help the sport overcome the financial challenges presented by the coronavirus outbreak. Formula 1’s ten teams have agreed to a set of radical changes to the regulations in an e-vote last Friday, and this package of cost-cutting measures has been officially ratified by the World Motor Sport Council on Wednesday. The most controversial topic has been the possible modification to the cost cap. It had been originally set at $175m, although the coronavirus crisis has prompted teams to review the necessity of lowering that limit even further. The FIA...
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