Racing Point team principal Otmar Szafnauer says his team is still the smallest Formula 1 squad by budget and staff size even after Lawrence Stroll's investment in the squad read more »

F1 appears to be coming close to an agreement on its new commercial agreement with new budget cap to be set at $145m read more »

Final budget cap proposal offered to the teams will see the limit gradually reduced from $145m to $135m. read more »

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 »

Though yet to agree on the figure, Ferrari CEO, Louis Camilleri admits that the budget cap will ensure F1 is sustainable as company reports a "big hit" to revenue. read more »

Formula 1's budget cap will ensure the championship remains sustainable for each team, according to Ferrari, will retaining its status as the premier motorsport category.... 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 »

The incoming budget cap will be set at $145 million according to Ross Brawn, a reduction on the original figure of $175 million read more »

Formula 1 boss Ross Brawn says plans for a lower budget cap in 2021 are nearly finalised, adding the main sticking point surrounds how much it's reduced in subsequent seasons 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 »

Formula 1's managing director, Ross Brawn, has said an agreement over a reduced budget cap is now in the "final stages". read more »

Racing Point team principal Otmar Szafnauer has reminded everyone that teams don't have to reach the budget cap limit. read more »

Red Bull team boss Christian Horner believes Formula 1 must look beyond a budget cap and consider 'bold' plans like customer cars in a bid to help all teams survive... read more »

FIA President Jean Todt thinks the current crisis facing the sport could be impetus it needs to bring in a much more drastic budget cap solution read more »

Racing Point's Otmar Szafnauer says F1 teams cannot be "selfish" in talks to agree on a lowered budget cap.  read more »

Good news for McLaren and others wanting a lower budget cap, Ferrari has reportedly agreed to lowering the cap to $130m but only in 2023. read more »

Formula 1 teams should be presented with a budget-cap proposal within the next week, according to Racing Point's Otmar Szafnauer - who has urged other team bosses not to... read more »

Should F1's worst case scenario be realised, Jean Todt says the sport will be heading towards a "Super Formula 2" with a $50m budget cap. read more »

While the sport's main participants, the FIA, the Commercial Rights Holder and the teams have voted unanimously for the implementation of various cost-saving measures,... read more »

McLaren boss Zak Brown has accused Ferrari of being in denial about the existential threat Formula One faces from coronavirus as arguments heat up over how much teams should be... read more »

The disagreements over Formula 1's budget cap has continued with Helmut Marko saying Toto Wolff has performed a U-turn on Mercedes' stance. read more »

Hopes from Formula 1's smaller outfits that the budget cap will be brought down dramatically received a boost on Friday when the FIA announced a change to its... read more »