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- Andreas Seidl calls for budget cap to be reduced to $100m
- ‘There is a big risk we could lose teams through this crisis’
The head of McLaren has warned teams will be forced out of Formula One because of the financial impact of Covid-19 if the sport does not take decisive action.
Team principals, F1 and the FIA are to hold a critical virtual meeting on Thursday to discuss lowering the budget cap and Andreas Seidl demanded they must act on what he called the “final wake-up call” for F1.
Written by Giles Richards
This news first appeared on https://www.theguardian.com/sport/2020/apr/15/f1-decisive-action-budget-crisis-mclaren-andreas-seidl under the title “F1 must slash budget or face financial ruin, says McLaren team principal”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
