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Binotto: Ferrari veto right offers 'protection' to all F1 teams

Scuderia Ferrari boss Mattia Binotto says the Italian outfit will fight to retain its veto right in the future as it represents a protection for all F1 teams. Ferrari's right to oppose fundamental regulation changes in Formula 1 decided by the FIA dates back to the 1980s when Enzo Ferrari was awarded the benefit to entice him to sign the sport's original Concorde Agreement. While the House of Maranello has only used its veto once in the past three decades - in 2015, when the FIA tried to impose a cost cap on engine, the privilege is seen by many, including FIA president Jean Todt, as a conflict of interest and a favour from a bygone era. However, Binotto makes a case for Ferrari to keep...
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