Ross Brawn has confirmed that a $145 million budget cap for 2021 is close to being agreed by Formula 1 teams. read more »

The incoming budget cap will be set at $145 million according to Ross Brawn, a reduction on the original figure of $175 million read more »

Formula 1 boss Ross Brawn says plans for a lower budget cap in 2021 are nearly finalised, adding the main sticking point surrounds how much it's reduced in subsequent seasons read more »

Ross Brawn reveals that the teams are to be presented with a budget cap of $145m following discussions with the FIA. read more »

Formula 1's managing director, Ross Brawn, has said an agreement over a reduced budget cap is now in the "final stages". read more »

Racing Point team principal Otmar Szafnauer has reminded everyone that teams don't have to reach the budget cap limit. read more »

Red Bull team boss Christian Horner believes Formula 1 must look beyond a budget cap and consider 'bold' plans like customer cars in a bid to help all teams survive... read more »

FIA President Jean Todt thinks the current crisis facing the sport could be impetus it needs to bring in a much more drastic budget cap solution read more »

Racing Point's Otmar Szafnauer says F1 teams cannot be "selfish" in talks to agree on a lowered budget cap.  read more »

Good news for McLaren and others wanting a lower budget cap, Ferrari has reportedly agreed to lowering the cap to $130m but only in 2023. read more »

Formula 1 teams should be presented with a budget-cap proposal within the next week, according to Racing Point's Otmar Szafnauer - who has urged other team bosses not to... read more »

Should F1's worst case scenario be realised, Jean Todt says the sport will be heading towards a "Super Formula 2" with a $50m budget cap. read more »

While the sport's main participants, the FIA, the Commercial Rights Holder and the teams have voted unanimously for the implementation of various cost-saving measures,... read more »

McLaren boss Zak Brown has accused Ferrari of being in denial about the existential threat Formula One faces from coronavirus as arguments heat up over how much teams should be... read more »

The disagreements over Formula 1's budget cap has continued with Helmut Marko saying Toto Wolff has performed a U-turn on Mercedes' stance. read more »

Hopes from Formula 1's smaller outfits that the budget cap will be brought down dramatically received a boost on Friday when the FIA announced a change to its... read more »

McLaren boss, Zak Brown hits out at Ferrari over the Italian team's stance on the budget cap, accusing the Maranello outfit of being in denial. read more »

With Ferrari pushing back on the lowering of the budget cap, Zak Brown has warned their stance does not "accurately reflect what I think is reality". read more »

McLaren say Ferrari are "living in denial" over their opposition to plans to lower Formula 1's budget cap. read more »

McLaren CEO Zak Brown says Ferrari's arguments against a major budget cap reduction to save smaller teams are 'contradictory' and 'don't stack up' read more »

Ferrari has warned Formula One against making knee-jerk changes to its financial regulations as a result of the coronavirus pandemic. read more »

Ferrari have insisted that they remain committed to Formula 1 following reports that the sport’s oldest and most successful team could walk away if a proposed budget cap for... read more »

After threatening to quit F1 over the budget cap, Mattia Binotto says if smaller teams need help Ferrari is open to supplying customer cars. read more »

Ferrari has released a statement to cool any strong suggestions of the team quitting Formula 1 over the ongoing budget cap row. read more »

Ferrari has clarified comments made by team boss Mattia Binotto and asserted that the squad remains committed to racing in Formula 1. Formula 1 is to introduce a budget cap of... read more »