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 »
4y 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...
4y ago from GPBlog.com
Ferrari explain ‘soft landing' from budget cap
Ferrari have provided details of the ‘soft landing’ Formula 1 teams...
4y 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...
4y ago from PlanetF1.com
Ocon must ‘accept' Ricciardo's ability
Renault boss Cyril Abiteboul says Esteban Ocon must 'accept' the quality...
4y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
What riders are back on the MotoGP grid for Czech GP?
No description available...
1h ago from Motorsport.com
Fabio Quartararo bemoans Yamaha’s ‘zero...
Fabio Quartararo admits his Yamaha currently has “zero potential”...
6h ago from MotorsportWeek.c...
German GP signs deal to remain on MotoGP calendar...
The organisers of the German GP have announced that the race will remain...
7h ago from MotorsportWeek.c...
Marc Marquez: ‘I prefer to be pessimistic’ about...
Marc Marquez admits he prefers to be “pessimistic” over his chances...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ed Carpenter Racing to build new IndyCar headquarters...
Ed Carpenter Racing announced on Tuesday that it will begin building a...
2h ago from MotorsportWeek.c...
Alex Palou opens ‘all the options’ in Ganassi’s...
Alex Palou won his seventh IndyCar race of the season on Sunday,...
22h ago from MotorsportWeek.c...
Juncos Racing truck catches fire on the way back from...
No description available...
23h ago from Motorsport.com
Mixed Iowa fortunes eliminates Team Penske from...
Team Penske showed flashes of domination in the two races from Iowa...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Katherine Legge adds Brickyard 400 to 2025 NASCAR...
No description available...
1h ago from Motorsport.com
The winners and losers from F1's aerodynamic testing...
No description available...
1h ago from Motorsport.com
What riders are back on MotoGP grid for Czech GP?
No description available...
1h ago from Motorsport.com
Ferrari to test rear suspension update at Mugello F1...
No description available...
5h ago from Motorsport.com
Popular On GunnersToday.com
Super-agent working to bring 'most gifted' Arsenal...
Rodrygo Goes continues to be linked with a move away from Real Madrid, and...
1h ago from CaughtOffside.com
“I am flabbergasted by Arsenal signing of him' -...
Paul Merson has slammed Arsenal for agreeing a deal to sign Noni Madueke...
32m ago from SportsKeeda.com
Merson 'shocked' by Madueke signing - 'Are Arsenal...
In his latest column, Sky Sports' Paul Merson dissects Arsenal's transfer...
3h ago from SkySports.com
“Viktor Gyokeres is at a big club already” - Roy...
Former Crystal Palace manager Roy Hodgson has hailed Viktor Gyokeres ahead...
5h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Shock Aston Martin exit to open door for...
George Russell's long-term F1 future with... Read More »
12h ago from GPFans.com
'Shock and horror' - F1 legend stunned by Horner sacking
An F1 legend has admitted he was left in 'shock... Read More »
52m ago from GPFans.com
Russell buys $3-million yacht as F1 Silly Season heats up
George Russell has made a splash off the track... Read More »
3h ago from GrandPrix247.com
