Red Bull: Meeting new F1 budget cap a “significant challenge”

F1 teams will operate under strict financial regulations for the first time in the series’ history this year after moving to curb costs to become more sustainable.
In the wake of the COVID-19 pandemic, teams agreed to reduce the budget cap from $175 million per year to $145 million from 2021, setting the bar for the coming season.
While some teams operated under or around the budget cap …Keep reading