F1 closing on $30m per team driver salary cap

Formula 1 is closing in on a $30 million per team annual budget cap to specifically limit spending on drivers. According to Italy’s La Gazzetta dello Sport and other specialist publications, the FIA and Liberty Media are poised to circulate the proposal among F1 teams. “According to rumours,” wrote correspondent Luigi Perna, “they have come to defining a figure. Each team, in the coming seasons, can spend a maximum of $30 million for the two drivers plus reserves. Ferrari driver Leclerc is quoted by Corriere della Sera: “I have an opinion on the matter, but I prefer to talk about it with the FIA rather than in public.

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