Wolff happy with budget cap: "We want it"

A budget cap has been talked about a lot in recent times, with Liberty Media set to introduce an upper limit on how much F1 teams are allowed to spend, in order to close the field up and make the championship more competitive.

A lot of the smaller teams have voiced concerns and complaints about being unable to compete due to the huge gap in spending between the teams and the top and those at the bottom.

Mercedes have been one of the biggest spenders recently, but team manager Toto Wolff still thinks the budget cap is a positive idea.

He told Frankfurter Allgemeine Sonntagszeitung: "It (the budget cap) is still a work in progress but there will be a budget cap. We want it.

"The challenge is how to control spending, because the teams are structured very differently. For example, we will need to agree penalties in the event that a team deliberately breaks the rules.

"It is very complex to put all that in place. We see the biggest challenges with the implementation”