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Marchionne says F1 budget cap won't work
Ferrari president Sergio Marchionne believes a budget cap cannot work in Formula 1, amid reports that the sport's new owner Liberty Media is planning to introduce a spending limit. A recent report by British newspaper The Telegraph said Liberty wanted to explore budget cap plans as a means of closing up the performance gaps in the championship. Read Also: Liberty planning F1 budget cap - report Teams like Ferrari and Red Bull had threatened to quit the sport over plans to introduce a £40 million cap back in 2009. While Marchionne says he accepts F1 should work to reduce costs, he reckons a budget cap will never work. "The interventions there have been up to now, from limitations on...
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8y ago from Motorsport.com
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