Ferrari chief not holding his breath waiting for F1 budget cap

Ferrari's new top man says that Liberty Media's proposed budget cap is not exactly close to becoming reality.

F1 owner Liberty wants to improve the sport by limiting the huge budgets of the top teams. The proposed budget cap is believed to be in the neighborhood of $150 million — a number that could cut the top teams' budgets in half, depending on what expenses are ultimately included in the number.

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