Ferrari team principal Mattia Binotto has explained why setting the same budget cap for all F1 teams won’t work and fears it would hurt the overall target of encouraging closer competition. F1 teams have already agreed to a restriction on spending of $175 million from the 2021 season, excluding certain aspects such as driver salaries and marketing costs, but since the coronavirus crisis a move to lower the cost cap further has been suggest with estimations targeting as low as $100m per season. Following video meetings involving F1 organisers, team bosses and the FIA, it is clear the idea has split opinion between the teams with Ferrari opposed to the idea in the short-term. Ferrari boss...
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