F1 teams set to face five years of budget cuts, 2020 Dutch GP is cancelled

FIA confirms $145m cap for 2021 with further cuts up to 2025 Long-awaited return of Dutch Grand Prix put back to 2021 Formula One teams must make significant cuts to their budgets in each of the next five seasons after the FIA announced new budget caps on Wednesday. The first-ever F1 budget cap will come into force next season, set at $145m (£117m), a significant cut from the initial plan to set the limit at $175m. Continue reading...