Friday, April 24, 2009

Driver salaries to be outside F1 budget cap

Full Story
http://www.sports-city.org/news_details.php?news_id=7884&idCategory=154

Formula One's governing body has agreed to exclude drivers' salaries and marketing costs from an optional budget cap to be introduced for teams next season.

International Automobile Federation (FIA) president Max Mosley has also written to teams, in a letter seen by Reuters at the Bahrain Grand Prix, asking them to advise him by close of business on Thursday whether the 30 million pound ($43.69 million) cap should be revised.

He warned that the sport, which saw Honda depart in December, risked losing at least two more teams for 2010 were the cap not to be an option.

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