Formula One is going through a period of growth with sky-high interest and popularity across the globe. It is a remarkable change for a sport that was always on the precipice of crisis in the last decade.
When the pandemic hit in 2020, F1 was one of the first sports to feel the pinch, as the Australian Grand Prix had to be cancelled days before the start of the season. For a sport that rides on hundreds of millions of dollars in running costs and where teams seldom make money, it faced a dire future as the world came to a grinding halt.
But, like every cloud has a silver lining, the time when the world was locked up allowed people to learn more about the sport with the ‘Drive to Survive’ series. It also accelerated a much-needed regulatory change in the form of a budget cap to end the arms race that had plagued the sport for the last few decades.
