Liberty continues push for budget cap

By | 4d
The proposed budget cap remained a hot topic of conversation at the latest meeting of the strategy group.

The proposed budget cap remained a hot topic of conversation at the latest meeting of the strategy group.

The first strategy group meeting of 2019 took place last week in Geneva, Italy's La Gazzetta dello Sport and Germany's Auto Motor und Sport report.

It was Mattia Binotto's first such meeting as Ferrari boss, and La Gazzetta dello Sport cited a source who said the Italian was more like Stefano Domenicali than the harder Maurizio Arrivabene he replaces.

As for the FIA and Liberty Media, they presented their renewed push for a budget cap that will begin in 2021. In the first year, the cap would start at $185 million, reducing to $160m and $135 over the following seasons.

Ferrari, Mercedes, Red Bull and McLaren are said to have agreed.

This is in part because the FIA and Liberty have agreed to exclude engine costs, top manager and driver salaries, and marketing and hospitality expenses.

The legal sale of parts from one team to another was reportedly also discussed.

Gene Haas, the Haas team owner, says the budget cap could help the smaller teams catch up to the big-spending top three.

"Probably (it will), if it reduces the size of their research and development," he said.

"I guess for every person we have they have five people. If there's anything that can reduce that gap between the technology they have and what we don't have, that would probably be very helpful," Haas added.




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2Manchester CityMan City23182362174556
3Tottenham HotspurSpurs23170648232551
4Chelsea23145440192147
5Arsenal23135548321644
6Manchester UnitedMan Utd23135546331344
7Watford239683232033
8Wolverhampton WanderersWolves239592731-432
9Leicester CityLeicester2394102929031
10West Ham UnitedWest Ham2394103034-431
11Everton238693433130
12Bournemouth2393113342-930
13Brighton & Hove AlbionBrighton2375112532-726
14Crystal Palace2364132332-922
15Southampton2357112540-1522
16Burnley2364132343-2022
17Newcastle UnitedNewcastle2356121931-1221
18Cardiff CityCardiff2354141944-2519
19Fulham2335152151-3014
20Huddersfield TownHuddersfield2325161340-2711
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