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Postponement around budget cap: Teams get more time to get staff ready
From 2021 onwards, a budget cap will be used within Formula 1. From that year onwards, the teams must adhere to a limited amount of money with what they are allowed to spend in a year, starting at $145 million. However, the three top teams, Mercedes, Red Bull Racing and Ferrari, already seem to be receiving benefits. Because they have to make huge staff cuts, they have applied for a postponement in order to reduce their number of employees. That application originally started at Ferrari and all teams can take advantage of the postponement. As a result, the teams do not need to have their staff in order until June 2021. Read more Albon: 'When you have your helmet on, there’s no...
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3y ago from GPBlog.com
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