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The measures that could save F1’s struggling grandee teams

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The measures that could save F1’s struggling grandee teams
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Jul 9, 2020, 1:56 PM

Formula 1's budget cap may come in to force too late to save some of the most cash-strapped teams - which is why they've taken proactive measures to save themselves, says Mark Gallagher.

After decades of wondering what it would take to level the playing field in Formula 1, we now have the answer - a change of commercial leadership, two years of agonising negotiations and a vicious global pandemic.

Like some unexpected superhero, the solution has turned up in the nick of time, although instead of wearing its underpants on the outside it comes in the form of a $145m budget cap. It's a nail-biting moment for McLaren and Williams, the former group having lost £133m in the first quarter of this year, the latter £13m for the whole of 2019.

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Series Formula 1
Author Mark Gallagher