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After months of wrangling about the impact of inflation on the Formula 1 cost cap a resolution was finally agreed on the eve of the Austrian GP.

"I think the three of us are very much above it, and that means saving costs will be necessary for Mercedes. So yeah, the outcome is helpful. "So it was a question of finding a middle ground. That's the risk that the big players now face. Yes, it will be tight, but positive that we come to a decision." Missing the target by over 5% is regarded as a "material overspend." The FIA financial regulations indicate a cut-off at 5% - a breach by less than amount is regarded as a "minor overspend." We were really on the edge to lose three teams." Whether or not they can all now stay under the new limit remains to be seen, but at least they now have some wiggle room. "If you kill the cost cap, I'm not sure that we stay in a good shape. The big difference is the time lag. Instead, investors have been scrambling to become involved in the sport. However, we mustn't lose sight of the big picture.