News Details
Ferrari forced to compromise over budget cap "soft landing"
Ferrari team principal Mattia Binotto has revealed the Scuderia was forced to accept a compromise over the "soft landing" procedure within the budget cap that assists with the future employment of its staff. With teams operating on a budget of $145million from next year, sliding towards $135m from 2023, it has meant employees being reallocated to alternative positions within the company. Article continues under video As the three teams with the highest numbers of staff, Ferrari, Mercedes and Red Bull have been offered an additional period of time - a soft landing - to ensure other jobs are found within a six-month time period, commencing from the start of 2021. Ferrari had pushed...
Full Story »
Full Story »
5y ago from GPFans.com
0
You May Also Be Interested In...
Postponement around budget cap: Teams get more time to...
From 2021 onwards, a budget cap will be used within Formula 1. From that...
5y ago from GPBlog.com
Ferrari explain ‘soft landing' from budget cap
Ferrari have provided details of the ‘soft landing’ Formula 1 teams...
5y ago from PlanetF1.com
FIA ‘on top' of spare parts budget cap cheat
McLaren Racing CEO Zak Brown says the FIA are aware that teams could try...
5y ago from PlanetF1.com
Ocon must ‘accept' Ricciardo's ability
Renault boss Cyril Abiteboul says Esteban Ocon must 'accept' the quality...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: Missing Valencia test won’t impact my...
No description available...
5h ago from Motorsport.com
Nicolo Bulega explains why he had to change his...
After completing his first MotoGP race weekend, Nicolo Bulega explained...
4h ago from MotorsportWeek.c...
Losing MotoGP concessions would be “nothing but good...
No description available...
20m ago from Motorsport.com
Thailand signs new deal to remain on MotoGP calendar...
The Chang International Circuit will remain on the MotoGP calendar after...
20m ago from MotorsportWeek.c...
Popular On IndyCarToday.com
AJ Foyt Racing expands veteran support program to full...
AJ Foyt Racing has announced that its successful Homes For Our Troops...
21h ago from MotorsportWeek.c...
McLaren’s lawsuit against IndyCar champ Alex Palou...
The lengthy court battle between McLaren and Alex Palou is nearing a...
5d ago from MotorsportWeek.c...
Caio Collet advances up to IndyCar with AJ Foyt Racing
AJ Foyt Racing has announced that Caio Collet will drive for the team in...
5d ago from MotorsportWeek.c...
Marco Andretti announces retirement from racing, won't...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
2d ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
2d ago from MotorsportWeek.c...
Oliver Solberg secures full-time Toyota WRC drive for...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
'He started the season again a little bit shaky' -...
Chelsea legend John Obi Mikel has urged the Blues to replace Robert...
3h ago from SportsKeeda.com
Report: Arsenal preparing ambitious move for attacker...
Arsenal are reportedly preparing a bold and ambitious move to sign Real...
4h ago from CaughtOffside.com
Sources: 'Concrete interest' as Man United ready to...
Manchester United are one of the clubs eyeing up Napoli midfielder Scott...
7h ago from CaughtOffside.com
'The whole point of football is to get a result' -...
Former Tottenham Hotspur star Chris Waddle has slammed Arsenal manager...
8h ago from SportsKeeda.com
Comments
Hottest News
Ferrari’s fiery fallout: Button and Kravitz blast...
Ferrari chairman John Elkann caused a stir... Read More »
2h ago from F1i.com
Racing Bulls issue statement after employee involved in...
Racing Bulls has become aware of an incident... Read More »
5h ago from RacingNews365.com
Lewis Hamilton throws shade at the entire F1 grid, only one...
F1 legend Lewis Hamilton has applauded a former... Read More »
3h ago from GPFans.com






























