Motorcycle race

Proposed Formula E budget caps outlined for 2023/24 season

Championship chief executive officer Jamie Reigle told in January that there was “no excuse” not to introduce a formal cost cap during the new rules cycle to stop “ineffective spending”.
This comes against a backdrop of team budgets quadrupling in the seven-year history of Formula E, with the biggest manufacturers spending in excess of £40 million per season.
Reigle added …Keep reading