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
Maverick Vinales undergoes shoulder surgery to remove...
No description available...
10h ago from Motorsport.com
Why Toprak Razgatlioglu isn’t satisfied with his...
No description available...
18h ago from Motorsport.com
Which MotoGP riders will be allowed to test the 2027...
No description available...
16h ago from Motorsport.com
Francesco Bagnaia just trying to "survive"...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
11h ago from MotorsportWeek.c...
Winners and losers from IndyCar at Barber Motorsports...
No description available...
1d ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
3d ago from Motorsport.com
Christian Lundgaard left frustrated by costly pit stop...
Christian Lundgaard finished second in Sunday’s IndyCar race from...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
14h ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
3d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
6d ago from Motorsport.com
How Toyota’s new flying Finn is starting to make WRC...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
50 million move for Brazilian on the cards as Arsenal...
Atalanta midfielder Ederson Dos Santos has been linked with a move to the...
6h ago from CaughtOffside.com
'There is contact between me & Arsenal' –...
The agent of Bayer Leverkusen sensation Christian Kofane has confirmed...
6h ago from CaughtOffside.com
Wayne Rooney sheds light on issues with Bukayo Saka as...
Manchester United legend Wayne Rooney believes Arsenal star Bukayo Saka...
12h ago from SportsKeeda.com
Arsenal and Man United battle for 'remarkable'...
Arsenal are interested in signing the Hertha BSC defensive midfielder...
12h ago from CaughtOffside.com
Comments
Hottest News
Williams sack James Vowles, sign Christian Horner and...
As many expected, James Vowles has been given his... Read More »
21h ago from GrandPrix247.com
Haas F1 star announced for new drive
A star of the Haas F1 team has been handed a new... Read More »
7h ago from GPFans.com
FIA on alert over new Mercedes engine trick that has...
The FIA are understood to be looking at another... Read More »
9h ago from GPFans.com
