FIA agrees to F1 budget cap of $145m for 2021 May 28, 2020 0 6421 12345 AFPParisSpending by Formula One teams will be capped at $145 million in 2021 with a subsequent limit of $135 million by 2023, it was announced on Wednesday as the sport’s rulers attempted to stem the bleeding from the coronavirus pandemic.The FIA’s World Motor Sports Council ratified the amendments to F1’s rules in a season decimated by COVID-19 with 10 of the scheduled 22 races already either cancelled or postponed.From 2021, costs will be capped at $145 million (132 million euros) with a limit of $140m for 2022 and $135m for 2023-2025, based on a 21-competition season, said a FIA statement.Before the pandemic struck, a spending cap of $175m was set to be introduced next year in a bid to help even up the competition.“The World Motor Sport Council has approved further changes to the regulations governing the FIA Formula One World Championship primarily due to the ongoing need to reduce costs and safeguard the sport in light of the COVID-19 pandemic,” added the statement.As well as a budget cap, the FIA also agreed to a host of changes to technical and sporting regulations.“Formula 1 wins today,” said Zak Brown, the chief executive of McLaren.“This is a crucially important moment for our sport. F1 has been financially unsustainable for some time, and inaction would have risked the future of F1 and its participants.”On Tuesday, McLaren, who also make supercars, said it planned to cut 1,200 jobs and significantly scale down its racing division after the coronavirus crisis hit sales.British media reports said about 70 of the racing team’s 800 jobs will be eliminated by the restructuring plan.Earlier this month, F1’s managing director Ross Brawn had warned of a “tragedy” if financially struggling teams were forced out of business.The 2020 Formula One season is due to get underway in Austria with back-to-back races on July 5 and 12. Pages 123 RELATED ARTICLES Olympic chief Bach consults with IOC members over virus fallout May 28, 2020 0 6302 Favre backtracks on Dortmund exit hint following Bayern defeat May 28, 2020 0 3315 Ten-man Leipzig miss out on 2nd after home draw with Hertha May 28, 2020 0 992 Serbia allows fans back in football, outdoor sports, from June 1 DPA Belgrade Serbia is allowing spectators to attend football matches and other outdoor sports from June 1 onwards as long as social distancing rules are obeyed amid the coronavirus pandemic. Fans are to be kept one metre .. Tunisian football to restart in August behind closed doors AFP Tunis The Tunisian football championship will resume its season, in August behind closed doors, the Tunisian football federation said Wednesday. Play was suspended in March due to the coronavirus pandemic. ..