Proves the cost cap is a scam, 100% clown college graduates running the entertainment we call F1... If you cannot afford to play, don't play, go away, come back when you can afford it, F1 should be about who can afford to play, if you cannot, then you have no right to be in the sport...
Toto should look hard at the business model he runs, it seems that is an income he is not getting, but anyway, I doubt he can withdraw from Las Vegas without serious fines/points lost/bans in place for breaking contracts, the team could be sued by sponsors, Las Vegas F1 concern, Liberty.. At the end of the day, Toto agreed to the terms and conditions, hopefully they can find a quid or two in the couch cushions.. But if they cannot race, they should be banned for at least 5 years.