Liberty’s “dumb Americans” were laughed at for cost cap – Maffei

A $145m cost cap was introduced for this year after teams came to an agreement with former F1 boss Chase Carey, who was replaced by Stefano Domenicali in January after he stepped back to take the non-executive chair role at the organisation.
Liberty Media CEO Greg Maffei stressed that the cost cap, which was further reduced from the initially agreed figures after the COVID-19 pandemic hit last …Keep reading