Though McLaren will be able to achieve the $175m budget limit to be introduced in 2021, Andreas Seidl warns that his team must be "realistic" about the spending war... read more »

McLaren boss Andrea Seidl says that his team will need to run at the full $175million budget cap to catch up with Mercedes, Ferrari and Red Bull in 2021. read more »

McLaren F1 CEO Zak Brown believes the incoming budget cap will only settle down in the sport from 2022 or 2023. read more »

McLaren Formula 1 boss Andrea Seidl says McLaren will try to match the top three teams in 2021 by running to the limit of the budget cap read more »

Ferrari CEO Louis Camilleri has highlighted the importance of the budget cap introduction in Formula 1, warning that the sport will "slowly die" without one. read more »

Ferrari CEO Louis Camilleri says his company's F1 team support the budget cap and have made "sacrifices" to help the smaller teams, because without doing so F1... read more »

Ferrari believes Formula 1 needs to develop a stricter budget cap over time to reinforce the championship's economic viability, otherwise it is "slowly going to die" read more »

Haas principal Guenther Steiner believes increasing the impending budget cap would cause problems, so stop crying about it. read more »

Ferrari expect a "significantly more expensive" 2020 for their Formula 1 team, but plans are in place to up their investment before the 2021 budget cap. read more »

Haas boss Guenther Steiner anticipates a major shuffle in F1 once the 2021 budget cap takes a grip read more »

Haas team principal Guenther Steiner doesn't expect F1's planned shake-up to create major change in the sport until after the first year read more »

Haas principal Guenther Steiner expects the incoming budget cap to force staff out of big teams and trickle down into the midfield. read more »

Steiner says there "will be a point where people will knock on the door" as big teams make budget cuts. read more »

Despite Mercedes set to be one of the hardest hit teams, Valtteri Bottas has backed the plan to introduce a budget cap in 2021. read more »

Formula 1 is in desperate need of a budget cap with Ross Brawn saying the sport will "crash and burn" unless someone pulls the teams into line. read more »

Haas principal Guenther Steiner thinks the budget cap coming from 2021 may reduce performance gaps in F1, but not eliminate them. read more »

Red Bull chief Christian Horner is predicting a "really expensive" 2020 before F1's budget cap is fully imposed a year later.  read more »

If you were among the millions of fans frustrated by the delay in confirming Max Verstappen as winner of the Austrian Grand Prix, things could be about to get a whole lot worse. read more »

McLaren boss Andreas Seidl sees the new budget cap as the only way F1 can provide equal competition read more »

McLaren's Zak Brown believes that driver salaries should have been included in the budget cap being introduced in 2021. read more »

Zak Brown would have liked to see drivers' salaries include in the 2021 budget cap as that would force team to weigh up the car versus the driver. read more »

Christian Horner says Red Bull has already started to make plans for its 2021 car, with costs across Formula 1 set to soar in 2020 as teams look to hit the ground running under... read more »

Jacques Villeneuve has dismissed Formula 1's impending budget cap as "pure socialism" and says his former employers Williams are not worthy of the potential... read more »

Due to the £1.4bn in exemptions to the proposed budget cap from 2021, the unlimited areas of spending will actually exceed the limited areas. read more »

Ex-F1 driver Jacques Villeneuve believes the budget cap coming into the sport from 2021 gives teams like Williams an advantage they don't deserve. read more »