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Ferrari threatens to quit over budget cap dispute

Apr.23 Ferrari has warned that it could quit Formula 1 over the current dispute about the 2021 budget cap. The Maranello team is the loudest and clearest objector to efforts to drive the headline figure from $175 million next year down to as low as $100m amid the global pandemic. "The $145m level is already a new and demanding request compared to what was set out last June," Ferrari boss Mattia Binotto told the Guardian. "It cannot be attained without further significant sacrifices, especially in terms of our human resources. "If it was to get even lower, we would not want to be put in a position of having to look at other further options for deploying our racing...
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