News Details
Ferrari want staff reduction deadline reviewed
Due to the pandemic, Ferrari team principal Mattia Binotto thinks that the staff cuts under the new F1 budget cap must be reviewed. As of the 2021 season teams will be limited to spending $145m per season, and as part of that the top three spending-teams Mercedes, Ferrari and Red Bull are being forced to cut staff from their Formula 1 operations. Due to the scale of these budget reductions though this trio were given until June 2021 to complete the restructuring and to fall within the new rules. However, Binotto believes the effects of the global pandemic should force Formula 1 to reconsider these staff cuts at a time when people around the world are feeling the financial squeeze. As...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
McLaren investors MSP "bet" on franchise...
MSP Sports Capital principal Jeff Moorad has described the company's...
4y ago from GPFans.com
Ferrari sounded the alarm: 'Would be a completely...
As from next season, Formula 1 will have a budget cap of USD 145 million...
4y ago from GPBlog.com
Binotto: Schumacher at Haas to develop for a Ferrari...
Mick Schumacher has been placed at Haas for the 2021 Formula 1 season...
4y ago from GrandPrix247.com
Binotto lays out Clear future for Mick Schumacher
Mattia Binotto has all-but confirmed that Mick Schumacher is on course to...
4y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
KTM’s 850cc engine for 2027 MotoGP season breaks...
No description available...
2h ago from Motorsport.com
Why Jack Miller and Alex Rins see more potential in...
No description available...
22h ago from Motorsport.com
Why Ducati faces its most complicated contract renewal...
No description available...
1d ago from Motorsport.com
Marc Marquez recalls the ‘super difficult...
Marc Marquez discusses his previous MotoGP career decision to depart...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
JHR retains Sting Ray Robb for second season
Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...
2d ago from MotorsportWeek.c...
Sting Ray Robb to continue with Juncos Racing for 2026...
No description available...
2d ago from Motorsport.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
1w ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hayden Paddon, Esapekka Lappi and Dani Sordo join...
No description available...
4h ago from Motorsport.com
Hyundai World Rally Team reverts to shared third car...
Hyundai Motorsport has announced its full line-up for the 2026 FIA World...
4h ago from MotorsportWeek.c...
Sports quiz of the week: Premier League goals, Ashes...
No description available...
6h ago from TheGuardian.com
Oliver Solberg steps up WRC 2026 preparations with...
No description available...
22h ago from Motorsport.com
Popular On GunnersToday.com
‘We're certainly going to' – Arteta issues...
As the January transfer window approaches, Arsenal manager Mikel Arteta...
1h ago from CaughtOffside.com
Mikel Arteta responds when asked if Arsenal will make...
Arsenal manager Mikel Arteta has admitted that the club will be alert in...
22m ago from SportsKeeda.com
Tottenham leading race for 80m Arsenal and Chelsea...
Tottenham Hotspur are interested in signing Rodrygo Goes from Real Madrid....
2h ago from CaughtOffside.com
Report: Arsenal eyeing move for Spanish U21...
Arsenal are interested in signing the highly rated Spanish midfielder...
12m ago from CaughtOffside.com
Comments
Hottest News
McLaren and Red Bull shock with opposite preparation for F1...
McLaren and Red Bull enter the race weekend in... Read More »
2h ago from RacingNews365.com
F1 2025 Abu Dhabi Grand Prix – FP1 Results
Lando Norris edged out championship rival Max... Read More »
3h ago from MotorsportWeek.com
LIVE: 2025 F1 Abu Dhabi Grand Prix - Free Practice 2
Follow all the live action from Free Practice 2... Read More »
2h ago from RacingNews365.com
