News Details
Ferrari want staff reduction deadline reviewed
Due to the pandemic, Ferrari team principal Mattia Binotto thinks that the staff cuts under the new F1 budget cap must be reviewed. As of the 2021 season teams will be limited to spending $145m per season, and as part of that the top three spending-teams Mercedes, Ferrari and Red Bull are being forced to cut staff from their Formula 1 operations. Due to the scale of these budget reductions though this trio were given until June 2021 to complete the restructuring and to fall within the new rules. However, Binotto believes the effects of the global pandemic should force Formula 1 to reconsider these staff cuts at a time when people around the world are feeling the financial squeeze. As...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
McLaren investors MSP "bet" on franchise...
MSP Sports Capital principal Jeff Moorad has described the company's...
5y ago from GPFans.com
Ferrari sounded the alarm: 'Would be a completely...
As from next season, Formula 1 will have a budget cap of USD 145 million...
5y ago from GPBlog.com
Binotto: Schumacher at Haas to develop for a Ferrari...
Mick Schumacher has been placed at Haas for the 2021 Formula 1 season...
5y ago from GrandPrix247.com
Binotto lays out Clear future for Mick Schumacher
Mattia Binotto has all-but confirmed that Mick Schumacher is on course to...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
9h ago from Motorsport.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
2d ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Grand Prix of Arlington the “new standard” for...
No description available...
3h ago from Motorsport.com
Kyle Kirkwood tip-toes to fastest time in second...
Early Saturday morning, engines roared through the streets of Arlington,...
5h ago from MotorsportWeek.c...
Marcus Ericsson shocks with IndyCar pole on the...
Saturday afternoon was dedicated to a knockout qualifying session for...
7m ago from MotorsportWeek.c...
Scott McLaughlin: Arlington “instantly my most...
No description available...
21h ago from Motorsport.com
Popular On TotalWRC.com
“Probably the toughest rally ever”: Thierry...
No description available...
1h ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
10h ago from Motorsport.com
Carnage in Kenya
Saturday in Kenya saw one of the most dramatic days in recent Safari...
4h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Stage 16 cancelled, Takamoto...
No description available...
3h ago from Motorsport.com
Popular On GunnersToday.com
Late SCENES! Dowman steals the show as Arsenal go 10...
FREE TO WATCH: Highlights from Arsenal's match against Everton in the...
27m ago from SkySports.com
Expansive Europeans befuddle Premier League elite as...
bled English clubs must realise that what works against the very good...
17m ago from TheGuardian.com
Max Dowman breaks record as Arsenal boost title push...
was the moment to blow the roof off the Emirates Stadium, the exclamation...
17m ago from TheGuardian.com
West Ham v Man City: Premier League – live
️ Updates from the 8pm GMT KO at the London Stadium<br>⚽️...
17m ago from TheGuardian.com
Comments
Hottest News
Sergio Perez delivers blunt verdict on 2026 F1 cars with...
Sergio Perez called the overtaking action with... Read More »
3h ago from MotorsportWeek.com
Hamilton readies ‘different tactic’ for Mercedes fight...
Lewis Hamilton hailed Kimi Antonelli for becoming... Read More »
1h ago from SkySports.com
F1 Champion backs ‘almost unbeatable' Lewis Hamilton...
Former Formula 1 driver and World Champion... Read More »
1h ago from MotorsportWeek.com
