FIA confirms $145m cap for 2021 with further cuts up to 2025Long-awaited return of Dutch
Grand Prix put back to 2021Formula One teams must make significant cuts in each of the next five seasons after the FIA announced new budget caps.
The first-ever F1 budget cap will come into force next season, set at $145m (£117m), a significant reduction on the initial plan to set the limit at $175m. But the FIA did not stop there, announcing the budgets would be cut further to $140m in 2022, and $135m for 2023-2025. That will require major sacrifices from the leading teams, some of which are reported to have budgets in excess of $200m.