LONDON: Formula One teams will face a cap on expenditure from next year, the governing International Automobile Federation (FIA) said on Thursday.
FIA president Max Mosley confirmed in a letter, sent to all team principals on Wednesday that the cap would apply to all costs other than engines, drivers and expenditure exclusively for promotion and marketing.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!