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
Brake problems again behind lack of pace for Francesco...
No description available...
11h ago from Motorsport.com
Pedro Acosta buoyed by KTM turnaround in MotoGP 2025...
No description available...
11h ago from Motorsport.com
Marc Marquez only cares about MotoGP title and not...
No description available...
12h ago from Motorsport.com
Marc Marquez dominates to record fifth successive...
Marc Marquez made history for Ducati after dominating the Czech MotoGP...
15h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar Toronto – Race Results
IndyCar completed its sole visit across the border this weekend, with a...
9h ago from MotorsportWeek.c...
Pato O’Ward, Arrow McLaren score strategic win in...
No description available...
9h ago from Motorsport.com
See how crashes and on-track incidents defined the...
No description available...
7h ago from Motorsport.com
Kyffin Simpson rides two-stop strategy to breakthrough...
No description available...
7h ago from Motorsport.com
Popular On TotalWRC.com
How the WRC service park reacted to Oliver Solberg's...
No description available...
10h ago from Motorsport.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
16h ago from MotorsportWeek.c...
Oliver Solberg: WRC Rally Estonia win "biggest...
No description available...
12h ago from Motorsport.com
WRC Rally Estonia: Oliver Solberg dominates in shock...
No description available...
16h ago from Motorsport.com
Popular On GunnersToday.com
Big Gabi talks contract, trophies, Gyokeres
Morning all, it's gonna be a quick, early Monday blog for you, as I've...
27m ago from Arseblog.com
Fabrizio Romano says Man Utd ‘will surely'...
Fabrizio Romano has confirmed that Benjamin Sesko's name continues to be...
12h ago from CaughtOffside.com
'We have a great chance of winning a trophy' - Arsenal...
Arsenal defender Gabriel Magalhaes has claimed that the Gunners have a...
11h ago from SportsKeeda.com
Gabriel Magalhaes makes claim about Victor Gyokeres...
Arsenal defender Gabriel Magalhaes has heaped praise on Viktor Gyokeres...
11h ago from SportsKeeda.com
Comments
Hottest News
2025 F1 Belgian GP – Schedule for Spa
The second half of the 2025 F1 season begins with... Read More »
37m ago from RacingNews365.com
Jonathan Wheatley reveals moment that triggered Red Bull...
Sauber Team Principal Jonathan Wheatley has... Read More »
15h ago from MotorsportWeek.com
F1 urged to test Flintstones credentials of drivers by Red...
Red Bull have encouraged a massive change to the... Read More »
7h ago from GPFans.com
