Formula 1 teams agree cost-cutting package

Formula 1 teams have agreed to a package of cost-cutting changes to help the sport ride out the coronavirus pandemic, BBC Sport can reveal. Teams voted to accept a plan to lower the budget cap to be introduced next year by $30m to $145m (£114m). The package still needs to be officially approved by F1’s legislative body, the world motorsport council of governing body the FIA. Could Vettel’s Ferrari frustration lead to retirement from F1? The requirement for teams to race their 2020 cars in 2021 as well.

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