Renault team principal Cyril Abiteboul says the proposed budget cap in Formula 1's 2021 regulations could bizarrely serve to see the French squad actually up their spending. The final figure for the proposed limit is $175million – a higher figure than Liberty Media had reportedly sought originally.
F1'a biggest teams, including Mercedes and Ferrari, were vocal opponents of many aspects of the proposed shake-up, and the higher spending cap is reportedly in response to pressure from them.
Abiteboul says Renault, last season's fourth-best team, currently plan to spend way below the limit, which he believes could well fail in its purpose to level the playing field in F1.
He told Motorsport.com: "We are well below. In no shape or form is it a saving opportunity for us.
"We are just thinking what we need to do: whether we need to freeze the current level because we think it is way below but high enough to be competitive, or we need to increase.
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