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
Luca Marini guides Honda to its MotoGP concessions...
No description available...
8h ago from Motorsport.com
Jorge Martin’s Valencia MotoGP retirement was...
No description available...
8h ago from Motorsport.com
Aleix Espargaro tells Franco Morbidelli to...
No description available...
10h ago from Motorsport.com
Marco Bezzecchi explains Aprilia 'proposal' after...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
Ryan Hunter-Reay joins Arrow McLaren for 2026...
No description available...
3d ago from Motorsport.com
Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500
Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
3d ago from MotorsportWeek.c...
RLL locks in Louis Foster with extended IndyCar...
Rahal Letterman Lanigan Racing has announced an extension to its contract...
4d ago from MotorsportWeek.c...
AJ Foyt Racing expands veteran support program to full...
AJ Foyt Racing has announced that its successful Homes For Our Troops...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai already working on “Plan B” for 2026 WRC...
No description available...
1w ago from Motorsport.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
6d ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal star Bukayo Saka snubs Harry Kane, names the...
Arsenal's star winger, Bukayo Saka, has offered a surprising and glowing...
6h ago from CaughtOffside.com
‘News from the last 24 hours’: Fabrizio Romano...
Arsenal fans can breathe a collective sigh of relief as transfer expert...
9h ago from CaughtOffside.com
“He’s just got this knack of scoring unbelievable...
Former Premier League star Danny Murphy has said that he would pick...
12h ago from SportsKeeda.com
Gabriel a doubt for north London derby after Brazil...
t;li>Defender forced off in second half of Senegal friendlyBrazil...
11h ago from TheGuardian.com
Comments
Hottest News
F1 Las Vegas: Fans in weather panic over Grand Prix snow...
We are six days out from the 2025 Las Vegas Grand... Read More »
7h ago from GPFans.com
Christian Horner destined to become Lewis Hamilton's new...
Ever since the day Christian Horner was kicked... Read More »
9h ago from GPFans.com
'He's funnier than you think' - F1 race engineer tells all...
As the conclusion of the 2025 F1 season nears,... Read More »
5h ago from GPFans.com
