27 March 2024
F1 may reduce budget cap number in future - Todt
"I would have preferred a lower number"
Formula 1 will look to reduce the budget cap figure that will be introduced in 2021.
FIA president Jean Todt admitted at Hockenheim that only Mercedes, Ferrari and Red Bull will be affected by the $175 million figure that excludes costs including driver salaries.
"I would have preferred a lower number," the Frenchman said. "Only three teams will be affected or will have to restrict themselves.
"It would be better to have a limit that gives all the teams the same chance, but that was not possible," Todt added.
"At least now we have a foot in the door. This budget cap is better than none, so maybe in a second step we can reduce the amount."
FIA
23 March 2024
FIA president vows to fight on after F1 ’attacks’
21 March 2024
F1’s ’meteorite shower’ of scandals continues apace
20 March 2024
FIA wants more F1 income from Liberty Media
13 March 2024
Four F1 insiders hit out at Massa’s $82m F1 crusade
More on FIA
Search
Formula 1 news
29 March 2024
Other teams may have fired Wolff by now - Stuck
28 March 2024
Antonelli linked with imminent Mercedes F1 test
28 March 2024
Team title still ’the objective’ in 2024 - Vasseur
28 March 2024
F1 return still ’not an issue’, Vettel insists
28 March 2024