Formula 1’s managing director of motorsport, Ross Brawn, has said an agreement is close to being reached that will see the proposed team budget cap set at $145m (€133.7m), a reduction of $30m from the originally intended figure.
Brawn was speaking following a meeting yesterday (Monday) with F1 chief executive Chase Carey and the championship’s sanctioning body, the International Automobile Federation (FIA), over the future and sustainability of the sport.
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