Budget Capping Comes to Formula One in 2009
by Darren Sillett
on January 19, 2008
On the newswire this week, from Reuters, comes news that Formula One teams will face a spending cap starting next year. The FIA President, Max Mosley, has sent a letter to all team principals illustrating his intent that the cap would apply to all costs "other than engines, drivers and expenditure exclusively for promotion and marketing."
Although there has been talk of capping for several years now, many in the industry and fans alike believed that the other cost cutting measures - engine changes, standard ECU - would be enough. Details on the level of the cap are still to be revealed.
-- Darren
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