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Page last updated at 11:51 GMT, Monday, 15 June 2009 12:51 UK

Cap enabled Manor F1 move - Booth

John Booth
Booth's Manor team are one of three new F1 entrants

Manor Motorsport team boss John Booth admits they would not have been able to enter Formula One had it not been for the new salary cap.

The FIA has brought in a £40m limit on teams' spending from the start of the 2010 season.

"Until the beginning of this year it was impossible for any privately funded company to enter Formula One," Booth told BBC Radio Sheffield.

"The cap on the budget has allowed us to take this next step."

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see also
Wirth to build cars for Manor GP
12 Jun 09 |  Formula 1
F1 teams granted entry for 2010
12 Jun 09 |  Formula 1

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