F1 teams agree to introduce budget cap from 2021 onwards

  • Limit of £119m next year set to keep sport sustainable
  • Spending to be further reduced on a sliding scale
Formula One teams have agreed to impose a new budget cap from 2021. After lengthy negotiations, F1 will be decreasing spending on…

https://amp.theguardian.comsport/2020/may/23/f1-teams-agree-to-introduce-budget-cap-from-2021-onwards