News Details
Ferrari forced to compromise over budget cap "soft landing"
Ferrari team principal Mattia Binotto has revealed the Scuderia was forced to accept a compromise over the "soft landing" procedure within the budget cap that assists with the future employment of its staff. With teams operating on a budget of $145million from next year, sliding towards $135m from 2023, it has meant employees being reallocated to alternative positions within the company. Article continues under video As the three teams with the highest numbers of staff, Ferrari, Mercedes and Red Bull have been offered an additional period of time - a soft landing - to ensure other jobs are found within a six-month time period, commencing from the start of 2021. Ferrari had pushed...
Full Story »
Full Story »
3y ago from GPFans.com
0
You May Also Be Interested In...
Postponement around budget cap: Teams get more time to...
From 2021 onwards, a budget cap will be used within Formula 1. From that...
3y ago from GPBlog.com
Ferrari explain ‘soft landing' from budget cap
Ferrari have provided details of the ‘soft landing’ Formula 1 teams...
3y ago from PlanetF1.com
FIA ‘on top' of spare parts budget cap cheat
McLaren Racing CEO Zak Brown says the FIA are aware that teams could try...
3y ago from PlanetF1.com
Ocon must ‘accept' Ricciardo's ability
Renault boss Cyril Abiteboul says Esteban Ocon must 'accept' the quality...
3y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Vinales: Aprilia COTA MotoGP win has ‘different...
Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...
6h ago from MotorsportWeek.c...
Oliveira reckons MotoGP “looks too easy” on TV now
No description available...
9h ago from Motorsport.com
How MotoGP brakes work: Secrets of stopping a 220mph...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Long Beach: O’Ward leads Power in opening...
No description available...
45m ago from Motorsport.com
O’Ward blasts to the top of IndyCar’s opening Long...
The NTT IndyCar Series drivers hit the streets of Long Beach on Friday...
45m ago from MotorsportWeek.c...
IndyCar Long Beach: Start times, how to watch on TV,...
No description available...
6h ago from Motorsport.com
Kirkwood: “More durable” tires hindering passing...
No description available...
6h ago from Motorsport.com
Popular On TotalWRC.com
WRC Croatia: Neuville, Evans tied for the lead after...
No description available...
7h ago from Motorsport.com
Latvala: Neuville, Evans tied for WRC Croatia lead...
No description available...
3h ago from Motorsport.com
Neuville and Evans tied to a tenth!
Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...
3h ago from MotorsportWeek.c...
WRC Croatia: Neuville sets the pace to lead title...
No description available...
13h ago from Motorsport.com
Popular On GunnersToday.com
Manchester United Transfer News Roundup: Ivan Toney...
No description available...
2h ago from SportsKeeda.com
Aston Villa line up summer move for £60m Chelsea flop
Aston Villa are targeting a new left-back this summer and Chelsea's Marc...
3h ago from CaughtOffside.com
Mikel Arteta says it is 'too soon' for £38m defender...
Arsenal manager Mikel Arteta has provided an injury update on summer...
3h ago from CaughtOffside.com
Christian Falk's Fact Files – Bayern's fire sale...
This article was originally published on Fabrizio Romano’s Daily...
5h ago from CaughtOffside.com
Comments
Hottest News
FIA announce crucial top three UPDATE in China after...
The top three drivers for Saturday's sprint race... Read More »
7h ago from GPFans.com
Hamilton dealt China blow after major FIA decision as...
Lewis Hamilton had pole position snatched away... Read More »
2h ago from GPFans.com
Jacques Villeneuve Cautions Carlos Sainz on Risks of Moving...
Former Formula 1 champion Jacques Villeneuve has... Read More »
1h ago from Formula1News.co.uk