News Details

Ferrari issue F1 quit threat over 'demanding' budget cap

Ferrari team principal Mattia Binotto has warned that the manufacturer will have to consider whether to remain in Formula 1 or not if the $145 million budget cap were to decrease further. With nine races postponed or cancelled to date, Formula 1 teams and officials have been considering ways to cut future costs, but Binotto says that the differing situations between teams mean there is no universally satisfying solution. Article continues under video “F1, we have all sorts of teams with different characteristics,” Binotto told The Guardian. “They operate in different countries, under different legislation and with their own ways of working. Therefore it is not simple and...
Full Story »
5y ago from GPFans.com 0
Share

You May Also Be Interested In...

Constructive' discussion but still no decision on...

Just before Easter, the F1 summit came together to discuss lowering the...
5y ago from GPBlog.com

Horner during budget cap discussions: 'Always teams...

Last year, the budget cap was set at $175 million a year for a Formula 1...
5y ago from GPBlog.com

Binotto: Ferrari could leave Formula 1 over lower cost...

Ferrari would consider leaving Formula 1 if the impending cost cap...
5y ago from GrandPrix247.com

Formula 1 making progress on cost cap but not there yet

Formula 1 has advanced further on its efforts to define an appropriate...
5y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar reveals track design for Washington D.C. event

IndyCar has revealed the track design for the newly-added event in...

David Malukas’ Penske poise earns accolades from...

After just two races with Team Penske under his belt, David Malukas is...

Popular On TotalWRC.com

Popular On GunnersToday.com

Havertz eager to make up for lost time for Arsenal...

t;li>Forward says knee injury was ‘most painful’ of his lifeGerman...
4h ago from TheGuardian.com

Arsenal join 140m superstar hunt with Man United as...

Arsenal and Manchester United are looking to strengthen their attacking...
5h ago from CaughtOffside.com

Arsenal handed significant boost as 3 key players...

Arsenal have been handed a triple injury boost ahead of their UEFA...
7h ago from SportsKeeda.com

Chelsea prep mega bid for 90 million-rated Arsenal and...

Chelsea is hoping to sign the PSG attacker Khvicha Kvaratskhelia at the...
6h 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.