Formula 1 would have lost manufacturers and teams as a result of the COVID-19 pandemic had the reduced budget not been introduced for 2021, reckons Ross Brawn read more »

Ross Brawn has dismissed talk of F1 using dropped points this season in light of the reduced number of races and the possibility of drivers being sidelined following... read more »

F1's reduced budget cap could prompt Mercedes to enter other racing categories from 2021 to ensure it utilises its staff and resources.  read more »

Ferrari has shown it is willing to make sacrifices for the greater good of Formula 1 by accepting the reduced cost cap, according to former Scuderia boss Stefano Domenicali. read more »

"Formula 1 wins today" proclaimed Zak Brown as the World Motor Sport Council ratified a reduced cap and other new rules for 2021. read more »

The FIA have approved a lower cap for 2021 as well as new rules regarding aerodynamic testing. read more »

The World Motor Sport Council has ratified the proposed changes to Formula 1's sporting, technical and financial regulations, including a reduced cost cap from 2021 read more »

Formula 1's budget cap has been reduced for the 2021 season following a unanimous agreement between all 10 teams, the FIA's World Motor Sport Council confirmed on... read more »

Haas team principal Gunther Steiner believes the reduced Formula 1 budget cap from 2021 will make involvement in the series a "clear cut" decision for interested... read more »

Formula 1 teams will be forced to operate with reduced numbers when the 2020 season commences GPFans has learned. read more »

Formula 1 won't attract new engine manufacturers unless costs are greatly reduced, says Motorsport UK chief David Richards. read more »

A cost-cutting package for the 2021 season has been agreed upon by Formula 1 teams, the package including a reduced $145 million cost cap. read more »

Damon Hill has expressed concern that, in the eyes of many, a season with a reduced calendar wouldn't be seen as a 'proper championship'.  read more »

FIA president Jean Todt remains hopeful the reduced $145million Formula 1 cost cap will prevent teams from dropping off the grid once the post-pandemic economic landscape... read more »

Haas boss Guenther Steiner reckons a heavily truncated 2020 Formula 1 schedule would be financially more problematic for teams than if the championship was to hold no races.... read more »

Ferrari could enter IndyCar as the Scuderia looks at ways to avoid massive job losses in the wake of F1's reduced budget cap. read more »

Claire Williams has warned that "not just one or two teams" could drop out of Formula 1 if the prize fund drops significantly due to a shortened calendar. read more »

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

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 »

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 says Formula 1's reduced cost cap has the potential to be performance "leveller" 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 »

Ferrari has threatened to quit Formula 1 if the sport lowers the agreed upon budget cap to less than $150 million. read more »