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Guenther Steiner: Levelling F1 playing field 'very achievable' with right regulations

Haas boss Guenther Steiner says Formula One is not as far away from closing the gap between the top three teams and the midfield as 2017's results have suggested.

Formula One bosses are due to table a proposal for a budget cap by the end of 2017, a fee expected to be somewhere in the region of £150 million a year. That limit would not be implemented immediately and, assuming there is agreement on the initial proposal, is likely to come into effect by 2020.

When asked about whether bringing performance closer together is an achievable goal for F1, Steiner told ESPN: "At the moment, it is impossible, because the budgets and the people working in it involved is so different.