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‘Ferrari structure had to change under cost cap'
Ferrari sporting director Laurent Mekies said the new Formula 1 budget cap made the team's structure redundant. As of the 2021 season, teams are now capped at spending $145million across the campaign, with certain exceptions such as driver salaries. This limit will then decrease over the coming years, reducing to $140m for 2022 and $135m for 2023. The cap impacted most heavily upon the three biggest spenders in Formula 1, they being Ferrari, Mercedes and Red Bull. And Mekies explained the extent of the hit Ferrari had taken, with the introduction of the budget cap meaning their entire structure no longer worked, forcing a complete overhaul and staff cuts. Asked if the cap has been more...
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4y ago from PlanetF1.com
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