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straitstimes - 8 days ago

Coronavirus: F1 teams agree to cut costs further from 2021 budget limit of US$145m, say reports

May 23, 2020 5:16 PM

LONDON (AFP) - Formula One teams on Friday (May 22) agreed to cap spending at US$145 million (S$206.6 million) next season as the sport attempts to counter the financial fallout from the coronavirus pandemic, according to media reports.


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