Life McLaren team chief: “Budget ceiling necessary for Formula 1” By WeeklyNews staff Posted on 3 days ago 1 min read Share on Facebook Share on Twitter Share on Google+ That is what team leader Andreas Seidl of McLaren, the British racing team, who has been trying in vain for years to reconnect with the top teams. “A limit to the budget for all teams must become a reality in 2021. It is the only way to get into more or less equivalent circumstances as Mercedes, Ferrari and Red Bull and to become competitive again, ”says Seidl. Formula 1 wants to implement a package of measures in 2021 in which cost savings play an important role. Currently, the three top teams have much more money to spend than the other teams. The teams have a say in the realization of the agreements on sporting, technical and financial matters, but there is still no consensus in view of the major interests. “The financial rules in particular must change,” said Seidl, who has been given the difficult task of making McLaren a top team again. The last world title of the British racing stable was in 2008 with Lewis Hamilton.