News Details
Ferrari revives F1 quit threats amid budget cap talks!
Ferrari boss Mattia Binotto has revived the Italian outfit's old quit threats, warning the Scuderia could depart F1 if next season's budget cap is reduced further that its accepted $150M level. Amid the global coronavirus pandemic, Formula 1 will implement a series of cost saving measures for 2021 to help mitigate the financial impact of the crisis on the sport. Teams unanimously agreed to cut back the budget cap scheduled for introduction next year from $175M to $150. However, given the severity of the economic downturn and its existential threat to several teams, a further cutback of the cost cap limit is under discussion, with McLaren lobbying for a markdown all the way to $100M!...
Full Story »
Full Story »
You May Also Be Interested In...
Ferrari threatens to quit F1 if cap is further reduced
Ferrari has threatened to quit Formula 1 if the sport lowers the agreed...
5y ago from PlanetF1.com
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
Ferrari threatens to quit F1... again
The titles might be a distant memory, the dominance a fading dream, but...
5y ago from Pitpass.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...
10h ago from Motorsport.com
Aleix Espargaro tells Franco Morbidelli to...
No description available...
11h ago from Motorsport.com
Jorge Martin’s Valencia MotoGP retirement was...
No description available...
10h ago from Motorsport.com
Marco Bezzecchi explains Aprilia 'proposal' after...
No description available...
12h 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...
8h ago from CaughtOffside.com
‘News from the last 24 hours’: Fabrizio Romano...
Arsenal fans can breathe a collective sigh of relief as transfer expert...
10h ago from CaughtOffside.com
Gabriel a doubt for north London derby after Brazil...
t;li>Defender forced off in second half of Senegal friendlyBrazil...
12h ago from TheGuardian.com
“He’s just got this knack of scoring unbelievable...
Former Premier League star Danny Murphy has said that he would pick...
13h ago from SportsKeeda.com
Comments
Hottest News
Christian Horner destined to become Lewis Hamilton's new...
Ever since the day Christian Horner was kicked... Read More »
10h ago from GPFans.com
F1 Las Vegas: Fans in weather panic over Grand Prix snow...
We are six days out from the 2025 Las Vegas Grand... 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 »
6h ago from GPFans.com
