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F1 Looks to further raise the spending cap due to outbreak of Coronavirus

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For months now the coronavirus pandemic has infected the whole world. Bearing that in mind, F1 has the potential to slash prices significantly. Chase Carey and Jean Todt are working on reducing the $175 million budget heading for 2021, according to Auto Motor und Sport.

“It is a remarkable moment,” said former conductor Christian Danner. “The best thing is to use the old Mosley system to set the target cap.” He said, so referring to the initial proposal of a EUR 40 million limit from former FIA chief Max Mosley.

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F1 has for the time being halted work on the all-new 2022 models. To that end, they banned the construction of wind tunnels until February 2021. Yet McLaren is the only team that has permitted to make major improvements to the 2020 model. It is due in large part to the relocation of the project into a new system.

So, McLaren team leader Andreas Seidl reported that there is no effect on the upcoming move to Mercedes’s control with the new steps. It is why any leeway given for the Woking outfit.

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How much will be impacted by the F1 budget?

F1 managing director Ross Brawn insisted. That it would harder to impose the $175 m spending limit if the teams had to “self-police” Or put it another way, a mix of self-police and whistleblow. That will mean the rules are not at all flouted.

“What happens classically in Formula 1 is that there’s a constant circulation of staff around the teams,” he said to Motorsport Week. And most of the Formula 1 indiscretions came out because somebody moved from one team to another and told them.”

That somebody’s going to leave this week or the week after. And they’re going to take the detail with them.

Ross Brawn also pointed to the case of the giants of the Premier League, Manchester City. The club has lately paid a high price for flouting financial laws. As a result, they have been suspended from the Champions League for the next two seasons.

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