News Details
Binotto: Ferrari could leave Formula 1 over lower cost cap
Ferrari would consider leaving Formula 1 if the impending cost cap continues to be lowered, says team principal Mattia Binotto. Set to be introduced in 2021, the financial effects of the COVID-19 pandemic have seen teams already agree to reduce the cap from its original figure of $175 million to a number in the $145m range. However, a group of smaller teams led by McLaren are pushing for that number to be reduced to as low as $100m in order to further safeguard their financial well being — something Binotto maintains is untenable for his outfit. “The $145m level is already a new and demanding request compared to what was set out last June,” he said to The Guardian. “It cannot...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
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
Formula 1 teams to meet over budget cap reduction
Formula 1 teams and bosses are to meet next week to discuss a proposal to...
5y ago from BBC.co.uk
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
Brawn about further lowering cap: 'Maybe it's time for...
Apart from the cornacrisis, there is a lot of talk about the budget...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Honda stuck at "similar potential" to 2025...
No description available...
12h ago from Motorsport.com
MotoGP to set minimum salary for riders from 2027
No description available...
15h ago from Motorsport.com
Aprilia’s MotoGP tech secret: a double duct hidden...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu “always sad” over lack of pace...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Firestone introducing ENLITEN Technology for 2026...
No description available...
7h ago from Motorsport.com
Barnes: IndyCar officiating is already starting to...
No description available...
1d ago from Motorsport.com
IndyCar introduces safety flaps to prevent airborne...
The NTT IndyCar series has detailed a new addition to cars competing in...
1d ago from MotorsportWeek.c...
IndyCar changes tire usage requirements, makes safety...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
1w ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
1w ago from Motorsport.com
WRC Sweden: Elfyn Evans reclaims lead as Oliver...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'As it stands..': Latest on Liverpool move for 100m...
Liverpool have been heavily linked with a move for Yan Diomande in recent...
5h ago from CaughtOffside.com
Watch: Tottenham fans will love what Archie Gray was...
While the 4-1 scoreline in the North London Derby left Tottenham Hotspur...
3h ago from CaughtOffside.com
'I don’t like all that' – Scholes slams...
Arsenal may have secured a dominant 4-1 victory over Tottenham on Sunday,...
6h ago from CaughtOffside.com
'It’s hard to take that out' - Paul Scholes names...
Paul Scholes has said Arsenal midfielder Declan Rice ‘looks too...
9h ago from SportsKeeda.com
Comments
Hottest News
Horner names the true culprits of his Red Bull exit
Christian Horner has offered a revealing look... Read More »
12h ago from F1i.com
F1 Australian Grand Prix Tickets: The full guide to 2026...
The Australian Grand Prix will open the F1 season... Read More »
2h ago from GPFans.com
The moment Daniel Ricciardo knew Red Bull reign was over
Daniel Ricciardo was Red Bull's brightest star... Read More »
4h ago from GPFans.com
