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 »
3y ago from GPFans.com 0
Share

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...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Neuville and Evans tied to a tenth!

Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...

Popular On GunnersToday.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

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.