The new budget cap regulations for the 2021 Formula 1 season will provide a “huge challenge” for Mercedes, according to Technical Director James Allison, given its prior use of... read more »

Guenther Steiner believes the Haas F1 Team would have dropped off the grid after the 2020 season had a budget cap not been introduced to Formula 1. read more »

Williams CEO Jost Capito believes Formula 1 must do more than just introduce a budget cap to make the sport truly accessible again. read more »

Guenther Steiner says that, before the budget cap was introduced, Haas were seriously considering pulling out of F1. read more »

Guenther Steiner believes Haas would not be in Formula 1 this season if it was not for the new budget cap. read more »

From budget cap to salary cap, F1 will sit down with the drivers to discuss the latter, but not everyone is in favour. read more »

Formula 1 will create a working group, which will include drivers, in order to evaluate the possibility of introducing tighter financial control on leading figures in the... read more »

Mercedes technical director James Allison has revealed the introduction of the cost cap from this year has proven to be particularly taxing for the team. read more »

Alfa Romeo team principal Fred Vasseur believes Formula 1's smaller teams will hold a small advantage within the new budget cap as they are accustomed to working with... read more »

McLaren boss, Zak Brown believes the budget cap that is being introduced this year will benefit his team, indeed the sport in general. read more »

The new era of Formula 1 featuring a budget cap and a revised governance structure will play towards McLaren's "sweet spot", according to Zak Brown read more »

McLaren CEO Zak Brown has revealed he would have made driver salaries a part of the new Formula 1 budget cap after the idea of a separate salary cap was floated. read more »

McLaren's plan to implement and cope with the new budget cap in Formula 1 has "different forks in the road" dependent on how the new season pans out. read more »

McLaren CEO Zak Brown has suggested rival teams with alliances in Formula 1 will be afforded a "competitive advantage" with the new budget cap. read more »

Daimler chairman Ola Kallenius believes the Mercedes Formula 1 team could soon begin to turn a profit as a result of the new spending cap. read more »

Daimler chairman Ola Kallenius hopes INEOS's investment, combined with the budget cap, will turn Mercedes F1 into a money-making franchise. read more »

Due to the pandemic, Ferrari team principal Mattia Binotto thinks that the staff cuts under the new F1 budget cap must be reviewed. read more »

MSP Sports Capital principal Jeff Moorad has described the company's investment in McLaren Racing as a "bet" with the incoming budget cap expected to increase... read more »

The FIA has appointed a British barrister, a senior sports lawyer from Australia and the secretary-general of Paris St Germain to adjudicate over the incoming budget cap from... read more »

Ferrari boss Mattia Binotto wants an extension of the "soft landing" that gives Formula 1 teams more time to adjust to the budget cap read more »

James Allison has admitted the budget cap being introduced to F1 for next season is causing Mercedes "considerable difficulty". read more »

Despite the upcoming budget cap AlphaTauri boss Franz Tost says teams will need more staff to cope with a 23-race calendar in 2021. read more »

Formula 1 is poised to introduce salary caps in 2023 as part of the wider cost saving measures being implemented in the coming seasons. The exact number has not yet been... read more »

Williams acting team principal Simon Roberts has confirmed the bottom-of-the-table team will spend all the regulations allow to climb the order in 2021. read more »

Williams will be in a position to operate near to the 2021 budget cap limit following the successful takeover from Dorilton Capital. read more »