FÓRMULA-1

Brawn: "Maybe it's time for a reset"

There is a lot of talk about the budget cap in F1. Especially about the fact of exactly where that limit should be. The teams have yet to decide anything, although it looks like the limit will be lowered again.
So far, they want to cut costs step by step each year. Because of the pandemic, the teams have already agreed that the figure will be 150 million, instead of the 175 million previously established. Several teams are in favor of an even lower ceiling and in favor of a reduction to 100 million. It appears that the limit will initially be 130 million in 2022.
In Formula 1, there are many different interests, mainly financial. The wealthier teams do not want to go that low, although there is a chance that the current crisis will make it easier for them to choose. Category director Ross Brawn believes it may be time for a big change.
“Maybe it's time for a redefinition and we have to say that we worked in a certain way when F1 was financially more stable, and now it's time from a different point of view. Time for a redefinition in terms of costs and investments needed in Formula 1 ”.
If you are successful in Formula 1, you have money. The sport attracts worldwide attention and is a great platform for sponsors, especially if you are involved in a successful team. Mercedes is doing well in Formula 1.
“The paradox in Formula 1 is that success pays off. That's how it is. If you are a brand like Mercedes, the rewards in Formula 1 are high. Much higher than the costs. So while Mercedes has a very high budget, the rewards are even greater so they can spend a little more each year. The same goes for Red Bull ”, concluded the Formula 1 director.
The problem is that by no means are all teams so successful, so the difference between the top teams and the rest is big. So, if it depends on Brawn, it looks like it's time to do something about it, reducing spending even more than planned. Autonews