Motorsports' organizing body, the FIA, agreed Wednesday on a number of changes to Formula One affecting the series' next three seasons. Key among them is a further reduction in the budget cap to $145 million for the 2021 season, down from a previously agreed amount of $175 million, with more cuts to come in the 2022 ($140M) and 2023 ($135M)...
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Thursday, May 28, 2020
F1 budget cap reduced to $145M in 2021, with further cuts to come
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