- F1 and FIA hopeful of teams agreeing new cap
- ‘We’re now at the very final stages’ says Brawn
Formula One is close to an agreement on a budget cap as part of wide-ranging deal to ensure the sport is sustainable and able to field a much more competitive grid in future. The sporting director, Ross Brawn, believes that F1 and the FIA reached a proposal on Monday that they hope will be accepted by the teams when presented to them this week.
Debate over the budget cap has been ongoing for more than a year and has become increasingly crucial because of the financial implications of the coronavirus outbreak.
Written by Giles Richards
This news first appeared on https://www.theguardian.com/sport/2020/may/04/f1-teams-close-to-agreeing-145m-budget-cap-for-2021-season under the title “F1 teams close to agreeing $145m budget cap for 2021 season”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
