News Details
Binotto: Ferrari could leave Formula 1 over lower cost cap
Ferrari would consider leaving Formula 1 if the impending cost cap continues to be lowered, says team principal Mattia Binotto. Set to be introduced in 2021, the financial effects of the COVID-19 pandemic have seen teams already agree to reduce the cap from its original figure of $175 million to a number in the $145m range. However, a group of smaller teams led by McLaren are pushing for that number to be reduced to as low as $100m in order to further safeguard their financial well being — something Binotto maintains is untenable for his outfit. “The $145m level is already a new and demanding request compared to what was set out last June,” he said to The Guardian. “It cannot...
Full Story »
Full Story »
6y ago from GrandPrix247.com
0
You May Also Be Interested In...
Formula 1 making progress on cost cap but not there yet
Formula 1 has advanced further on its efforts to define an appropriate...
6y ago from F1i.com
Formula 1 teams to meet over budget cap reduction
Formula 1 teams and bosses are to meet next week to discuss a proposal to...
6y ago from BBC.co.uk
Horner during budget cap discussions: 'Always teams...
Last year, the budget cap was set at $175 million a year for a Formula 1...
6y ago from GPBlog.com
Brawn about further lowering cap: 'Maybe it's time for...
Apart from the cornacrisis, there is a lot of talk about the budget...
6y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Cal Crutchlow to ride through shoulder injury in...
No description available...
4h ago from Motorsport.com
How Iker Lecuona got “surprise” call-up for...
No description available...
4h ago from Motorsport.com
Marc Marquez found recovery proof in a simple...
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
Detailed officiating transparency reports coming to...
IndyCar Officiating announced on Thursday that a new transparency...
1h ago from MotorsportWeek.c...
IndyCar Officiating goes public with new post-event...
No description available...
2h ago from Motorsport.com
Romain Grosjean confirms surgery on right hand after...
No description available...
2h ago from Motorsport.com
IOB’s Raj Nair was “hoping” Kevin ‘Rocket’...
No description available...
4h ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg highlights area he must “work on”...
No description available...
1d ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
1d ago from Motorsport.com
Why Sebastien Ogier couldn’t take the fight to Elfyn...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal and Chelsea tracking 60m Serie A sensation...
Arsenal and Chelsea are interested in signing the Atalanta defender Honest...
30m ago from CaughtOffside.com
Arsenal ‘advancing in talks' to land...
Jeremy Monga has been linked with a move away from Leicester City during...
4h ago from CaughtOffside.com
Episode 878 – Keep the good times going
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
4h ago from Arseblog.com
Arsenal or Chelsea? Morgan Rogers has made up his mind...
Morgan Rogers reportedly has Arsenal as his preferred destination if he...
7h ago from CaughtOffside.com
Comments
Hottest News
'There should be no race': George Russell's call to scrap...
An interview with Mercedes F1 star George Russell... Read More »
2h ago from GPFans.com
Mercedes reveal crazy new Monaco rear wing
Mercedes are among the teams to get innovative... Read More »
7h ago from RacingNews365.com
Lewis Hamilton F1 team-mate feud ignites after Monaco Grand...
Lewis Hamilton having a bad relationship with his... Read More »
1h ago from GPFans.com
