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Budget cap, not prize money, the focus of key F1 meeting

Formula 1 teams will have wait longer to find out Liberty Media's plans for a revamp of the sport's prize-money structure, with the subject not part of the agenda for Tuesday's crunch Strategy Group meeting. The FIA, the sport's commercial rights holders F1 Group/Liberty, plus teams, will gather tomorrow to discuss the latest ideas about an overhaul of the sport beyond 2020. As well as the six team members of the Strategy Group – Mercedes, McLaren, Ferrari, Red Bull, Williams and Force India – the other four outfits will be present at the meeting in an observing role. While a meeting with the FIA and F1 last week focused on engine proposals, which ultimately drew criticism from three of...
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