News Details
Binotto: Ferrari could leave Formula 1 over lower cost cap
Ferrari would consider leaving Formula 1 if the impending cost cap continues to be lowered, says team principal Mattia Binotto. Set to be introduced in 2021, the financial effects of the COVID-19 pandemic have seen teams already agree to reduce the cap from its original figure of $175 million to a number in the $145m range. However, a group of smaller teams led by McLaren are pushing for that number to be reduced to as low as $100m in order to further safeguard their financial well being — something Binotto maintains is untenable for his outfit. “The $145m level is already a new and demanding request compared to what was set out last June,” he said to The Guardian. “It cannot...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Formula 1 making progress on cost cap but not there yet
Formula 1 has advanced further on its efforts to define an appropriate...
5y ago from F1i.com
Formula 1 teams to meet over budget cap reduction
Formula 1 teams and bosses are to meet next week to discuss a proposal to...
5y ago from BBC.co.uk
Horner during budget cap discussions: 'Always teams...
Last year, the budget cap was set at $175 million a year for a Formula 1...
5y ago from GPBlog.com
Brawn about further lowering cap: 'Maybe it's time for...
Apart from the cornacrisis, there is a lot of talk about the budget...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo reveals MotoGP moment that felt...
No description available...
14h ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
1d ago from Motorsport.com
Kevin Schwantz: “I see myself reflected in Marc...
No description available...
1d ago from Motorsport.com
Marc Marquez to make Ducati return in private Valencia...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
1d ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
1d ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
1d ago from Motorsport.com
McLaughlin set to have new spotter for 2026 IndyCar...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026, Stage 6: Nasser Al-Attiyah regains overall...
No description available...
12h ago from Motorsport.com
Dakar 2026, Stage 5: Ford strikes back to win but...
No description available...
1d ago from Motorsport.com
Hyundai postpones Thierry Neuville's Monte Carlo test...
No description available...
1d ago from Motorsport.com
Toyota reveals new-look WEC Hypercar for 2026 amid...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
'Arteta really believes he's a top player' –...
Arsenal have been calling over a potential transfer move for Crystal...
6h ago from CaughtOffside.com
Sol Campbell names 'top player' Arsenal should sign...
Arsenal legend Sol Campbell has suggested that his old club should look...
7h ago from CaughtOffside.com
'Among Europe's best' – David Ornstein confirms...
Arsenal fans will be delighted to hear that Bukayo Saka is closing in on a...
11h ago from CaughtOffside.com
Saka agrees new deal at Arsenal
Bukayo Saka has agreed to a new long-term contract at Arsenal.
10h ago from SkySports.com
Comments
Hottest News
'Sounds incredible!' First video of 2026 F1 cars in action...
F1 fans have been left stunned by the sound of... Read More »
11h ago from GPFans.com
How have current teams evolved over the decades?
Four of the current ten teams have maintained... Read More »
44m ago from F1Technical.net
Could this F1 champion’s son be a future Ferrari driver?
The son of an F1 champion has been tipped by... Read More »
5h ago from GPFans.com
