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
Francesco Bagnaia explains ‘weak point' that...
Factory Ducati rider Francesco Bagania explained his "weak...
5d ago from MotorsportWeek.c...
Yamaha officially begins testing of V4 MotoGP engine
Yamaha technical director Max Bartolini has confirmed the MotoGP factory...
1d ago from MotorsportWeek.c...
Injured MotoGP champion Jorge Martin released from...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu has ‘opportunities' in...
Kenan Sofuoglu has revealed that Toprak Razgatlioglu has riding...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Arrow McLaren steps outside of the all-Papaya livery...
No description available...
12h ago from Motorsport.com
Arrow McLaren unveils new themed liveries for Indy 500
Arrow McLaren has unveiled a trio of special liveries for the upcoming...
12h ago from MotorsportWeek.c...
IndyCar sees 50% viewership drop on FOX after going...
No description available...
1w ago from Motorsport.com
IndyCar outlines replacement driver rules for Indy 500
The NTT IndyCar Series has released updated guidelines that will be...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Details of WRC’s first rally in Paraguay emerge
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Exclusive: Arsenal and Liverpool want to sign 28-G/A...
Florian Wirtz continues to attract the interest of the biggest clubs in...
1h ago from CaughtOffside.com
Arsenal add English striker to shortlist after a...
Signing a striker in the summer transfer window is a priority for Arsenal....
1h ago from CaughtOffside.com
“Arsenal won’t want to hear this” - Owen...
Former Manchester United midfielder Owen Hargreaves believes Bukayo Saka...
1h ago from SportsKeeda.com
Arsenal vs Crystal Palace Prediction and Betting Tips...
Arsenal could manage to keep Liverpool's champagne on ice for a little bit...
3h ago from SportsKeeda.com
Comments
Hottest News
Ferrari uses Max Verstappen example to slam...
Ferrari boss Fred Vasseur has slammed what he... Read More »
50m ago from MotorsportWeek.com
F1 News Today: FIA release official statement on Verstappen...
The FIA have released a decision document... Read More »
2h ago from GPFans.com
Will Verstappen modify his driving after penalty?
BBC Sport F1 correspondent Andrew Benson answers... Read More »
1h ago from BBC.co.uk