News Details
Ferrari's Binotto in favour of two-tier budget cap system
Ferrari boss Mattia Binotto is in favour of a two-tier budget cap system for 2021 that would consider the additional R&D costs supported by the sport's bigger teams. Formula 1's long-waited cost-cutting measures will finally see the light of day next season. Furthermore, because of the sport's economic downturn amid the COVID-19 pandemic, teams have agreed to reduce the initial $175m spending limit to $150m, although F1's smaller outfits are lobbying for a further cutback to $100m. But Binotto argues that F1's front-running outfits have significant research and development costs, while their smaller customer teams simply buy a certain number of parts and components from them. F1 and teams...
Full Story »
Full Story »
You May Also Be Interested In...
Binotto: Maybe the answer is not a single budget cap
Formula 1 has to consider the 'different situations' some teams find...
4y ago from GrandPrix247.com
Ferrari: One size fits all F1 team budget cap...
Ferrari team principal Mattia Binotto has explained why setting the same...
4y ago from Crash.net
Smaller F1 teams target budget cap reduction to $100M!
Formula 1's smaller teams, who are most vulnerable to the sport's...
4y ago from F1i.com
F1 and teams agree to consider changes to budget cap...
Formula 1 bosses and the teams agreed at a meeting on Monday to consider...
4y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Quartararo lost Yamaha's best 2024 result by running...
No description available...
2h ago from Motorsport.com
Bagnaia: “Strange” Michelin rear tyre didn’t...
No description available...
5h ago from Motorsport.com
Why it’s time for Martin to get his gloves off in...
No description available...
4h ago from Motorsport.com
Francesco Bagnaia: Misano MotoGP crash ‘out of...
Ducati’s Francesco Bagnaia says that his crash at his home MotoGP race...
5h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar announces new charter system for team owners
The NTT IndyCar Series has announced the establishment of a new charter...
2h ago from MotorsportWeek.c...
IndyCar's long-awaited charter system is finally...
No description available...
3h ago from Motorsport.com
FBI descend on Rahal Letterman Lanigan Racing base
According to multiple reports, the Federal Bureau of Investigation (FBI)...
3d ago from MotorsportWeek.c...
Rahal Letterman Lanigan investigated by the FBI: What...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Inside the WRC’s search for its next Michele Mouton
No description available...
3d ago from Motorsport.com
WRC selects women’s driver development programme...
No description available...
4d ago from Motorsport.com
No pressure on Pajari after surprise Toyota Rally1...
No description available...
1w ago from Motorsport.com
Latvala: Toyota needs three full-time WRC drivers in...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Man City vs. Arsenal: Kyle Walker speaks out on free...
Manchester City defender Kyle Walker admits to being perplexed as to how...
2h ago from SportsMole.co.uk
'He should let me get back' - Kyle Walker fumes with...
No description available...
2h ago from SportsKeeda.com
“The two best teams in the country” - Gary Neville...
No description available...
12h ago from SportsKeeda.com
'It will take weeks' – Arsenal concerned as...
Arsenal have been without their captain Martin Odegaard for the past...
32m ago from CaughtOffside.com
Comments
Hottest News
Ricciardo F1 career NOT over as opportunities prepare to...
It wasn’t quite so obvious in Singapore, but... Read More »
5h ago from GPFans.com
Horner reveals shock Red Bull driver TARGET amid poor Perez...
Christian Horner has admitted a ‘foolish’ Red... Read More »
9h ago from GPFans.com
F1i's Driver Ratings for the 2024 Singapore GP
Darkness fell in Singapore and the star of the... Read More »
3h ago from F1i.com