Williams CEO Jost Capito believes Formula 1 must do more than just introduce a budget cap to make the sport truly accessible again. There is no doubt that over recent years the costs of both chassis and engines in Formula 1 have grown out of control, leaving an established high-spending order at the top of the grid, while engine costs have left independent manufacturers unable to enter Formula 1. The introduction of a budget cap, set at $145m for the 2021 season will go some way to reducing the financial gulf between the teams at the top and bottom of the grid, but Capito says there is still a lot more work to be done. 'At the moment, it is not possible for a private team to be competitive...
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