Image source: GPFans
P1racenews AI automatic summary:
F1 Budget Cap explained: How much is it? How does it work?
Since 2021, F1 has implemented a budget cap in order to promote equality among teams in the sport. The FIA has been releasing yearly reports on the teams’ adherence to the cost cap regulations. This move aims to level the playing field and create a more competitive racing environment. The budget cap marks a significant milestone in F1’s efforts to reduce financial disparities among teams. It is also meant to improve the overall sustainability and longevity of the sport. By monitoring compliance with the budget cap, F1 seeks to ensure fair competition and attract a wider audience to the sport.
