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...
6y ago from GrandPrix247.com
Ferrari: One size fits all F1 team budget cap...
Ferrari team principal Mattia Binotto has explained why setting the same...
6y 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...
6y 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...
6y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Interview: Massimo Rivola on Aprilia's rise from last...
No description available...
2h ago from Motorsport.com
Why Ai Ogura’s Yamaha move is Honda’s cruellest...
No description available...
2h ago from Motorsport.com
Why Ducati stronghold Jerez presents Aprilia’s...
No description available...
1d ago from Motorsport.com
MotoGP star Pedro Acosta wants to keep racing beyond 35
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
19h ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
20h ago from Motorsport.com
IndyCar names officiating director ahead of Indy 500
IndyCar Officiating has announced Scot Elkins as the new Managing...
21h ago from MotorsportWeek.c...
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
22h ago from Motorsport.com
Popular On TotalWRC.com
How Rally Islas Canarias could crown another new WRC...
No description available...
50m ago from Motorsport.com
Why Dani Sordo is excited for his WRC topflight return
No description available...
1d ago from Motorsport.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
4d ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Transfer Deadline Day Speculation Is Driving Football...
Every summer, the transfer window builds towards a familiar crescendo....
1h ago from CaughtOffside.com
Sources: Arsenal 'have sounded out' 24 G/A maestro...
There's always a lot of noise about Real Madrid, and I thought I'd post an...
1h ago from CaughtOffside.com
Arsenal could look to sign Manchester City veteran as...
Arsenal are reportedly weighing up a move for Manchester City midfielder...
4h ago from SportsKeeda.com
The limits of perception
A critical thinking error that all humans make is that once we become...
2h ago from Arseblog.com
Comments
Hottest News
Helmut Marko: Red Bull suffering because development went...
Red Bull’s early season promise has unravelled... Read More »
40m ago from GrandPrix247.com
Lewis Hamilton reveals crucial advice from his father that...
Lewis Hamilton has revealed a sound piece of... Read More »
1h ago from GPFans.com
Ferrari set to give Lewis Hamilton F1 monster to beat...
Ferrari are bringing a completely revised car... Read More »
4h ago from GPFans.com
