Motorsport

F1’s cap on spending ratified

Spending by Formula One teams will be capped at $145 million in 2021 with a subsequent limit of $135 million by 2023, as governing body FIA’s World Motor Sports Council ratified the amendments to F1’s rules.

“A major step forward for @F1 and motor sport’s sustainability. Thanks to all@fia, @F1 and the teams ,” tweeted FIA president Jean Todt.

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Printable version | Jul 11, 2020 1:50:50 PM | https://www.thehindu.com/sport/motorsport/f1s-cap-on-spending-ratified/article31697950.ece

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