Formula 1 Liberty Media took over two years ago, the rights of the Formula 1 in everything and today finally the plan for the future of the sport for the teams. One of the main items on the agenda: money.
The differences between the teams in Formula 1 are not only on the track, but also the accounting giant. Where Ferrari and Mercedes around 450 million euro to spend, teams like Haas and Racing Point with a budget of ‘only’ 120 million euro are stuck.
Today, hopes Liberty Media teams to convince each other in the middle and a so-called ‘budgetcap’ to introduce from 2020 or 2021 should the budgets up to 175 million euros and that in a few years reduced to € 130 million. The salaries of the drivers, important engineers/executives and marketing are kept out.
At this moment, there are teams that are last can be and even more money goes in than the world champion. That does not feel good
Ross Brawn, technical director F1
