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Lowe says more cost cutting should’ve been done before Liberty Media

16:57, 19 Apr 2018

byAdam Newton

Paddy Lowe believes Liberty Media’s budget cap proposal is well overdue, saying that more should have been done during the last 15 years to prevent the spiral of costs the sport has seen in recent years.

$150 million is likely to be the cap where teams must stop spending beyond the 2020 season. In addition to this, revenue distribution will be more evenly spread between all teams, with current regulations giving much more to the bigger teams, which only widens the gap in speed.

Williams are in the doldrums at the moment, after a few positive years they find themselves as one of the slowest cars in the sport and Lowe says that more should have been done in the past.

“Things like getting rid of testing, restricting wind tunnel hours have been very effective to not take cost out, but to control the escalation of cost because costs have grown year on year,” he said.

“But really attacking it from the wrong end. The direction from which you need to approach this from is from the input end, which is what is the money coming in, and what you can do with it.”