be rescheduled to 16 August on 2 June. On 24 August, the Bahrain Grand Prix would be rescheduled to 29 November and the Chinese Grand Prix was cancelled. On 16 October, the Vietnamese Grand Prix was cancelled. Organizers of the Austrian, British and Hungarian Grands Prix were the first to announce that their races could go ahead, but run without spectators and with teams staffed by minimal personnel. The summer break shut down period—which includes mandatory factory closures as a cost-cutting measure—was also brought forward from August to March and April and was originally extended to three weeks, allowing for postponed races to be held in August. The sport had planned to overhaul its technical regulations for the championship in one of the largest changes in its seventy-year history. The pandemic prompted these changes to be postponed until , with teams required to enter their cars in the 2021 championship to minimise the financial stress placed on the teams. The sport had also planned to introduce a $175 million budget cap in 2021, which was later revised to $150 million. Teams called for further revisions to $100 million, arguing that the pandemic threatened the future of four of the ten teams. In March 2020, some Formula One drivers entered virtual versions of several races dubbed "Not The GP". The races were hosted by Jean-Éric Vergne's Veloce Esports, in partnership with Formula One. The online races were contested by current and former Formula One drivers, like Lando Norris, Nicholas Latifi, Stoffel Vandoorne, Esteban Gutiérrez, Emerson Fittipaldi, Nico Hülkenberg, Johnny Herbert and Martin Brundle, as well as celebrities and other sportsmen. On 29 June 2020, ahead of the season opening race in Austria, McLaren took a loan of £150m from the National Bank of Bahrain to mitigate the effect of coronavirus on the company. The first few races of the rescheduled 2020 season, included the Austrian, Styrian, Hungarian and two Grands Prix at Silverstone, which all took place in "bio-secure" conditions behind closed doors. A day prior to the British Grand Prix, Racing Point driver Sergio Pérez was confirmed to have tested positive for the virus following an inconclusive result earlier in the day, ruling him out of the race. Nico Hülkenberg was announced as his replacement for that race, and as well as the 70th Anniversary Grand Prix the following weekend. Williams was sold to Dorilton Capital due to financial pressures,