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
‘At Balaton, MotoGP bikes might not even use fifth...
No description available...
19h ago from Motorsport.com
Jorge Martin targets podium after injury hit his 2025...
No description available...
1d ago from Motorsport.com
MotoGP to use 100% non-fossil fuels by 2027 season
MotoGP has announced that the fuel used across all Grand Prix classes...
1d ago from MotorsportWeek.c...
How 2025 became Marc Marquez’s most dominant MotoGP...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
15h ago from MotorsportWeek.c...
FOX Corporation acquires one-third stake in IndyCar...
No description available...
15h ago from Motorsport.com
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
1d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Kurt Busch backs WRC return to USA after first taste...
No description available...
12h ago from Motorsport.com
Sebastien Ogier won't rule out WRC title push
No description available...
16h ago from Motorsport.com
Hyundai's WRC future confirmed for 2026 season
No description available...
19h ago from Motorsport.com
Popular On GunnersToday.com
Sources at club 'expect' Arsenal to try signing their...
Fabrizio Romano claims that sources close to Crystal Palace are expecting...
34m ago from CaughtOffside.com
Arsenal star Gabriel Magalhaes trolls Tottenham star...
Arsenal centre-back Gabriel Magalhaes trolled Tottenham Hotspur attacker...
11h ago from SportsKeeda.com
Arsenal player ratings as Viktor Gyokeres makes...
Arsenal suffered their first defeat of pre-season as their north London...
15h ago from CaughtOffside.com
Arsenal ready to accept offer for 28-year-old star...
Arsenal have made some high profile signings this summer with Mikel Arteta...
16h ago from CaughtOffside.com
Comments
Hottest News
Leclerc reveals 'very extreme setups' that saw him and...
Ahead of the Hungarian Grand Prix, Ferrari driver... Read More »
1h ago from F1Technical.net
Piastri reveals what the decisive factor will be in the...
Ahead of this weekend's Hungarian Grand Prix,... Read More »
1h ago from F1Technical.net
Steiner names driver who shouldn’t be in F1 this season
Former Haas team principal Guenther Steiner has... Read More »
17h ago from F1i.com
