News Details
Abiteboul slams $175m budget cap figure
Jun.8 The F1 teams are divided over Liberty Media's handling of the 2021 rules reform. Firstly, it emerges that the F1 owner has settled on a US $175 million annual budget cap per team for the period between 2021 and 2025. Excluded are driver, engine, travel and marketing costs. "This is not a new start," an angry Cyril Abiteboul, the team boss at Renault, told Auto Motor und Sport. "The plan was that all teams should be profitable." Also telling is that the budget cap amount is supported by Toto Wolff, boss of F1's biggest spender, Mercedes. "We have accepted it for 2021. I agree with this step," he said at a media event in Montreal. Also being roundly...
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