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...
5y ago from GrandPrix247.com
Ferrari: One size fits all F1 team budget cap...
Ferrari team principal Mattia Binotto has explained why setting the same...
5y 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...
5y 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...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Here’s what MotoGP riders think about Liberty...
No description available...
6h ago from Motorsport.com
Marc Marquez and Francesco Bagnaia praise MotoGP...
No description available...
10h ago from Motorsport.com
Fabio Quartararo knows he can “fight at the front”...
No description available...
11h ago from Motorsport.com
BMW: Losing Toprak Razgatlioglu to MotoGP feels like...
BMW says losing Toprak Razgatlioglu departure from its WorldSBK team to...
14h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar will not return to Thermal Club in 2026...
According to comments made by Thermal Club founder and owner Tim Rogers,...
6h ago from MotorsportWeek.c...
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
2d ago from MotorsportWeek.c...
Winners and Losers from IndyCar’s Road America...
No description available...
4d ago from Motorsport.com
How a “grumpy” Alex Palou ended up thankful for...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Here's how Hyundai’s driver cooling system will...
No description available...
11h ago from Motorsport.com
How Carlos Sainz Sr's withdrawal will impact the FIA...
No description available...
15h ago from Motorsport.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
1w ago from MotorsportWeek.c...
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
24-G/A star ‘not closing any doors' amid...
RB Salzburg attacker Dorgeles Nene has been linked with a move away from...
2h ago from CaughtOffside.com
Barcelona Transfer News Roundup: Catalans eyeing...
Barcelona are looking to improve their squad after an impressive 2024-25...
5h ago from SportsKeeda.com
Report: Arsenal keen on 26-year-old Brazilian Berta...
Arsenal are considering a move for the Inter Milan defender Carlos Augusto...
5h ago from CaughtOffside.com
Report: Arsenal now negotiating their second signing...
Arsenal are working on a deal to sign the Chelsea attacker Noni Madueke...
7h ago from CaughtOffside.com
Comments
Hottest News
Brad Pitt admits huge 'love' for F1 star and it's NOT Lewis...
Brad Pitt has admitted his ‘love’ for a... Read More »
3h ago from GPFans.com
FIA issue mandatory tyre ruling for all teams at Austrian...
The FIA have confirmed a mandatory tyre change... Read More »
6h ago from GPFans.com
Austrian GP facing 'severe' threat as warning issued
The Austrian Grand Prix has been hit with a... Read More »
12h ago from RacingNews365.com
