Along with sustainability a key aim of Formula 1's budget cap is to rein in the performance of the top teams by levelling the playing field. And yet in typical glass-full style Mercedes boss Toto Wolff sees the cap not as a hurdle for the Brackley team, but an opportunity to become even stronger. This sport has long been about spending power. It's no coincidence that the teams that have dominated have had the biggest budgets, and until now, there has been no official limit to what they've been allowed to pump in. The 2021 FIA financial regulations, headlined by a budget cap of $145m, have changed all that. Many areas are excluded from that number, but it still represents a huge change of approach for Mercedes, Red Bull and Ferrari. All three have been busy shuffling staff into non-F1 projects, which explains why Ferrari has committed to a sportscar programme , and why Mercedes has been busy seeking customers for its Applied Science division. Read Also: Ferrari announces top flight Le Mans return with hypercar Given that extra cash is a benefit in all areas it's obvious that reducing spend will impact competitiveness. However, there's another key outcome –… Read full this story
- F1 teams close to agreeing $145m budget cap for 2021 season
- Motor racing: F1 agrees $145 million cap for teams in 2021, says Brawn
- Ferrari Plan Appeal After Sebastian Vettel Second-Place Canadian Grand Prix Furore
- Ferrari Drops Appeal Against Sebastian Vettel Penalty
- Formula One chairman Chase Carey hopes season will start July 5
- Ferrari Summoned Over Sebastian Vettel Appeal
- Coronavirus: Formula One Plans For "Isolated Environment" To Launch Season In Austria
- Formula One chairman Carey hopes season starts July 5
- Best Racing Wheels for PlayStation 4 in 2020
- The Bad Superintendent
How Mercedes could actually benefit from F1's budget cap have 288 words, post on www.motorsport.com at March 6, 2021. This is cached page on Auto Breaking News. If you want remove this page, please contact us.