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 »
4y 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...
4y 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...
4y ago from GPBlog.com

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

Ferrari would consider leaving Formula 1 if the impending cost cap...
4y 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...
4y ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Frustrated Jorge Martin says Enea Bastianini Misano...

A frustrated Jorge Martin felt that Enea Bastianini's last-lap Misano...

Espargaro warns MotoGP stewards...

No description available...
13h ago from Motorsport.com

Popular On IndyCarToday.com

Rinus VeeKay parts with ECR after five IndyCar seasons...

Rinus VeeKay confirmed on Monday that he will not continue as a driver...

IndyCar announces new charter system for team owners

The NTT IndyCar Series has announced the establishment of a new charter...

FBI descend on Rahal Letterman Lanigan Racing base

According to multiple reports, the Federal Bureau of Investigation (FBI)...

Popular On TotalWRC.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...
7h ago from SportsMole.co.uk

Comments

Hottest News

F1 News Today: Mercedes CANCEL Hamilton commitment as...

Lewis Hamilton has had an F1 commitment cancelled... Read More »
3h ago from GPFans.com

Ricciardo F1 career NOT over as opportunities prepare to...

It wasn’t quite so obvious in Singapore, but... Read More »
10h ago from GPFans.com

Kylie Minogue gives Ricciardo AXE verdict

Pop sensation Kylie Minogue has given her verdict... Read More »
1h ago from GPFans.com

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.