News Details
Ferrari forced to compromise over budget cap "soft landing"
Ferrari team principal Mattia Binotto has revealed the Scuderia was forced to accept a compromise over the "soft landing" procedure within the budget cap that assists with the future employment of its staff. With teams operating on a budget of $145million from next year, sliding towards $135m from 2023, it has meant employees being reallocated to alternative positions within the company. Article continues under video As the three teams with the highest numbers of staff, Ferrari, Mercedes and Red Bull have been offered an additional period of time - a soft landing - to ensure other jobs are found within a six-month time period, commencing from the start of 2021. Ferrari had pushed...
Full Story »
Full Story »
4y ago from GPFans.com
0
You May Also Be Interested In...
Postponement around budget cap: Teams get more time to...
From 2021 onwards, a budget cap will be used within Formula 1. From that...
4y ago from GPBlog.com
Ferrari explain ‘soft landing' from budget cap
Ferrari have provided details of the ‘soft landing’ Formula 1 teams...
4y ago from PlanetF1.com
FIA ‘on top' of spare parts budget cap cheat
McLaren Racing CEO Zak Brown says the FIA are aware that teams could try...
4y ago from PlanetF1.com
Ocon must ‘accept' Ricciardo's ability
Renault boss Cyril Abiteboul says Esteban Ocon must 'accept' the quality...
4y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Honda boss to skip Americas MotoGP to continue season...
No description available...
10h ago from Motorsport.com
Maverick Vinales reveals the ‘biggest challenge’...
Maverick Vinales says his switch to the Tech3 KTM is “probably the...
12h ago from MotorsportWeek.c...
Francesco Bagnaia's ‘true potential' will be...
Ducati CEO Claudio Domenicali says Francesco Bagnaia was...
1d ago from MotorsportWeek.c...
Former Marc Marquez rival believes Francesco Bagnaia...
Former Moto2 champion Stefan Bradl believes Marc Marquez's dominance at...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
FOX offers explanation for NASCAR/IndyCar programming...
No description available...
8h ago from Motorsport.com
Andretti Global penalized following Herta inspection...
No description available...
1d ago from Motorsport.com
IndyCar sees 50% viewership drop after going...
No description available...
2d ago from Motorsport.com
Andretti Global penalized following failed technical...
The NTT IndyCar Series has given a penalty to the #26 Andretti Global...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Evans wins brutal Safari Rally to boost WRC title bid
No description available...
4d ago from Motorsport.com
Katsuta loses fifth after dramatic final-stage Safari...
No description available...
4d ago from Motorsport.com
Elfyn Evans bags the big game on Safari
Elfyn Evans and Scott Martin claimed their maiden Safari Rally Kenya...
4d ago from MotorsportWeek.c...
Rovanpera out of Safari Rally Kenya with mechanical...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Gabriel Agbonlahor names one PL star who 'would do a...
No description available...
3h ago from SportsKeeda.com
David Ornstein delivers transfer update to ease...
Arsenal fans will be relieved to hear that David Ornstein isn't hearing...
9h ago from CaughtOffside.com
Saka's return a game-changer for Arsenal but how will...
It is a testament to Bukayo Saka's importance to Arsenal that even after...
10h ago from SkySports.com
Liverpool not planning to rival Arsenal for 60m...
Liverpool are expecting to be busy this summer, but one move that they are...
9h ago from CaughtOffside.com
Comments
Hottest News
Max Verstappen's reaction to Yuki Tsunoda replacing Liam...
Max Verstappen has reportedly been left shaken... Read More »
4h ago from Formula1News.co.uk
Marko makes astonishing Newey admission after Lawson axe
It is fair to say Red Bull's cars have not been... Read More »
12h ago from RacingNews365.com
Ricciardo return demand issued as Verstappen ‘shaken’...
Red Bull Formula 1 team have been hit with... Read More »
4h ago from GPFans.com