FIA agree to F1 spending cap of $145m for 2021

PARIS: Spending by Formula One teams will be capped at $145 million in 2021 with a subsequent limit of $135 million by 2023, it was announced as the sport’s rulers attempt to stem the bleeding from the coronavirus pandemic. The FIA’s World Motor Sports Council ratified the amendments to F1’s rules in a season decimated by COVID-19 with 10 of the scheduled 22 races already either cancelled or postponed.

Meanwhile, Formula One’s 10 teams will be limited to a maximum 80 people each at races held without spectators when the delayed season gets going in July. “From the start of a closed event until the declaration of the official classification of the race, no competitor may have more than a total of 80 team personnel within the confines of the circuit,” the rules said. “No more than 60 of these team personnel who are within the confines of the circuit may be associated in any way with the operation of the cars.”