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Williams team boss fires warning about F1's budget cap
James Vowles, the team principal of Williams, has expressed concerns about certain aspects of the Formula 1 cost cap, stating that it unfairly affects teams lower down the grid by not considering their existing assets. The cost cap, implemented in 2021, limits the maximum budget that teams can spend each year, aiming to promote closer competition on the track. Red Bull recently faced penalties for breaching the cost cap, initially set at $145 million, and received a fine of $7 million. Since its introduction, adjustments have been made to the original budget, with the 2023 limit set at approximately $138.6 million. Want to work in Formula 1? Browse the latest F1 job vacancies...
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3y ago from Formula1News.co.uk
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