Report: Liberty Media makes latest push for F1 budget cap

The proposed Formula 1 budget cap was a hot topic of conversation at the latest meeting of the F1 Strategy Group.

The first strategy group meeting of 2019 took place last week in Geneva, according to published reports in both Italy's La Gazzetta dello Sport and Germany's Auto Motor und Sport.

It was Mattia Binotto's first such meeting as Ferrari team principal, and La Gazzetta dello Sport cited a source who said the Italian was more like Stefano Domenicali in the meetings than the harder Maurizio Arrivabene he replaces. As for the FIA and Liberty Media, they presented their renewed push for a budget cap that will begin in 2021. In the first year, the cap would start at $185 million, reducing to $160 million and then down to $135 for 2023.

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