News Details

‘Ferrari structure had to change under cost cap'

Ferrari sporting director Laurent Mekies said the new Formula 1 budget cap made the team's structure redundant. As of the 2021 season, teams are now capped at spending $145million across the campaign, with certain exceptions such as driver salaries. This limit will then decrease over the coming years, reducing to $140m for 2022 and $135m for 2023. The cap impacted most heavily upon the three biggest spenders in Formula 1, they being Ferrari, Mercedes and Red Bull. And Mekies explained the extent of the hit Ferrari had taken, with the introduction of the budget cap meaning their entire structure no longer worked, forcing a complete overhaul and staff cuts. Asked if the cap has been more...
Full Story »
4y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Ferrari unfairly targeted claims team sporting director

Interview To news overview Laurent Mekies, Ferrari's sporting director,...
4y ago from RacingNews365.com

Ferrari not yet looking at Red Bull or Mercedes:...

Ferrari still have their homework to do if they are to surpass their...
4y ago from GPBlog.com

Ferrari to focus on 2022 after ‘first 3-4 races'

Laurent Mekies, the Ferrari sporting director, says that the team will...
4y ago from PlanetF1.com

F1 budget cap has delivered "a serious...

Red Bull team principal Christian Horner believes the new budget cap...
4y ago from GPFans.com

Elsewhere On The Network

Popular On MGPToday.com

Jorge Martin continues dispute with Aprilia over 2026...

Reigning MotoGP World Champion Jorge Martin has continued his 2026...
15h ago from MotorsportWeek.c...

Marco Bezzecchi: It was ‘almost impossible' to...

Marco Bezzecchi settled for second place after stating that it was...
19h ago from MotorsportWeek.c...

Gresini reveals extent of Alex Marquez's injuries...

Gresini Racing team manager Michele Masini revealed the extent of Alex...

Popular On IndyCarToday.com

RLL having to ‘unwind’ and ‘backtrack’...

Rahal Letterman Lanigan Racing is making a concerted effort to move...

IndyCar will not return to Thermal Club in 2026...

According to comments made by Thermal Club founder and owner Tim Rogers,...

Malukas’ recovery drive secures Foyt’s best team...

During Sunday’s IndyCar race at Road America, David Malukas was the...

Popular On TotalWRC.com

Ott Tanak ends Hyundai’s victory drought

Ott Tanak and Martin Jarveoja clinched their and Hyundai’s first...

Popular On GunnersToday.com

Report: Arsenal in ‘advanced talks' to finally...

Arsenal are closing in on their marquee striker signing of the summer....
9h ago from FreshArsenal.com

'At every level, he’s proven he can score goals' -...

Former Arsenal winger Perry Groves has told Mikel Arteta that Viktor...
7h ago from SportsKeeda.com

Fabrizio Romano: La Liga star ‘wants to play for...

Create your favourite Arsenal XI with our free Arsenal team builder....
8h ago from FreshArsenal.com

From France: Arsenal enter race to sign £60...

Arsenal are interested in signing the highly rated Monaco winger Maghnes...
9h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.