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Frank Williams (GBR) Williams Team Owner.
Formula One World Championship, Rd 14, Italian Grand Prix, Practice Day, Monza, Italy, Friday, 12 September 2008

Frank Williams has said he would like to see all teams competing under a budget cap next season, following the FIA’s announcement on the issue on Thursday. The FIA has given teams the option of running to a £40 million budget in 2010 in exchange for greater technical freedom...

FIA Flag as the grid girls practice their routine.
Formula One World Championship, Rd2, Malaysian Grand Prix, Sepang, Malaysia, 22 March 2003

Formula One racing’s governing body, the FIA, has revised its budget cap plans for 2010. Teams signing up for the optional cap must limit their spending to £40 million per year in exchange for greater technical freedom. This figure will not include driver salaries or, for 2010 only, engine costs.

Thirteen teams will be accepted for next...

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