Last week, after a debate that has raged on and off for over a decade, Formula 1 teams received a draft of the 2021 FIA financial regulations which will sit alongside the new technical and sporting rules.
It signals a huge change for the championship, and one that has been resisted for years because the consensus was that spending by teams would be impossible to police. And yet a cost cap, pegged at $175million, is finally becoming a reality.
The laudable aim is not only to make F1 more sustainable in an era of ever-increasing expenditure, but more importantly to close the huge gap between the top three teams and the midfield pack. There's a direct correlation between spending and performance, one that none of the big three - Ferrari, Mercedes and Red Bull - can deny. It's not dissimilar to the situation in football, where the richest clubs are invariably at the top of the league in every country.