News Details
Ferrari's Binotto in favour of two-tier budget cap system
Ferrari boss Mattia Binotto is in favour of a two-tier budget cap system for 2021 that would consider the additional R&D costs supported by the sport's bigger teams. Formula 1's long-waited cost-cutting measures will finally see the light of day next season. Furthermore, because of the sport's economic downturn amid the COVID-19 pandemic, teams have agreed to reduce the initial $175m spending limit to $150m, although F1's smaller outfits are lobbying for a further cutback to $100m. But Binotto argues that F1's front-running outfits have significant research and development costs, while their smaller customer teams simply buy a certain number of parts and components from them. F1 and teams...
Full Story »
Full Story »
You May Also Be Interested In...
Binotto: Maybe the answer is not a single budget cap
Formula 1 has to consider the 'different situations' some teams find...
5y ago from GrandPrix247.com
Ferrari: One size fits all F1 team budget cap...
Ferrari team principal Mattia Binotto has explained why setting the same...
5y ago from Crash.net
Smaller F1 teams target budget cap reduction to $100M!
Formula 1's smaller teams, who are most vulnerable to the sport's...
5y ago from F1i.com
F1 and teams agree to consider changes to budget cap...
Formula 1 bosses and the teams agreed at a meeting on Monday to consider...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez and Ducati set for two-year MotoGP...
No description available...
4h ago from Motorsport.com
Marc Marquez shares update on injury recovery at...
No description available...
5h ago from Motorsport.com
Marc Marquez, Francesco Bagnaia unveil retro-inspired...
No description available...
9h ago from Motorsport.com
Ducati showcases 2026 MotoGP livery
Reigning back-to-back Teams’ Champions Ducati Corse has unveiled its...
9h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
4d ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
4d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
4d ago from Motorsport.com
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb after 13 Dakar punctures: Cars now...
No description available...
1d ago from Motorsport.com
Nani Roma: Dakar 2026 at 'F1 level' after close fight
No description available...
2d ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Inter vs Arsenal preview: Gunners trio to miss trip
No description available...
34m ago from SkySports.com
Inter Milan vs Arsenal Prediction and Betting Tips |...
The UEFA Champions League is back in action with another set of matches...
1h ago from SportsKeeda.com
Man City loanee Manuel Akanji names team stronger than...
Inter Milan star Manuel Akanji believes Bayern Munich are stronger than...
4h ago from SportsKeeda.com
Arsecast Extra Episode 677 – 19.01.2026
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
7h ago from Arseblog.com
Comments
Hottest News
Ferrari 2026 livery leaked? F1 fans rage at first look
It's only a few days until Ferrari launch their... Read More »
10h ago from GPFans.com
Former FIA steward Danny Sullivan reopens Abu Dhabi 2021
Former FIA driver steward Danny Sullivan has... Read More »
3h ago from F1i.com
Aston Martin issue statement over key F1 exit
Mercedes has returned to being the sole supplier... Read More »
34m ago from RacingNews365.com
