Formula 1 bosses have made a final offer to teams of a sliding scale budget cap reducing from $145m to $130m over the next three years. read more »

A greatly reduced budget cap for the 2021 season has been agreed upon according to Formula 1’s Ross Brawn. F1 bosses had initially agreed on a $175 million budget cap, but with... read more »

Formula 1 bosses will meet this week to discuss a reduction of the budget cap figure to $145m in 2021. read more »

Formula One has agreed a $145 million budget cap for teams next year and will continue to try and tighten that for future seasons, managing director Ross Brawn said on Monday. read more »

Ross Brawn has confirmed that a $145 million budget cap for 2021 is close to being agreed by Formula 1 teams. read more »

Ross Brawn reveals that the teams are to be presented with a budget cap of $145m following discussions with the FIA. read more »

F1's motorsports managing director Ross Brawn has told Sky Sports that the sport is in the final stages of agreeing a reduced cost cap of $145m for 2021. read more »