News Details
Ferrari threatens to quit F1 if cap is further reduced
Ferrari has threatened to quit Formula 1 if the sport lowers the agreed upon budget cap to less than $150 million. With Formula 1 in the midst of a financial crisis, one that could see two or three teams go under, the sport's bosses are holding regular talks to find ways to cut costs. All the teams have agreed to run this year's chassis next season while also lowering the 2021 budget cap from $175m to $150m. However, the FIA and a few team bosses want that dropped even further. They have proposed a $145m for 2021, falling to $130m the following season. Ferrari has said no. 'The $145m level is already a new and demanding request compared to what was set out last June,' team boss Binotto...
Full Story »
Full Story »
6y ago from PlanetF1.com
0
You May Also Be Interested In...
Ferrari's Binotto open to reduced cost cap for 2021;...
Scuderia Ferrari boss Mattia Binotto has said he would welcome a reduced...
6y ago from TheCheckeredFlag....
Constructive' discussion but still no decision on...
Just before Easter, the F1 summit came together to discuss lowering the...
6y ago from GPBlog.com
Horner during budget cap discussions: 'Always teams...
Last year, the budget cap was set at $175 million a year for a Formula 1...
6y ago from GPBlog.com
‘Constructive' talks but no ruling on budget cap
The Formula 1 team bosses reportedly had a 'constructive' meeting on...
6y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Liberty Media reports MotoGP’s revenue and losses...
No description available...
7h ago from Motorsport.com
Johann Zarco: 'Maybe I have a chance' of repeat French...
No description available...
8h ago from Motorsport.com
Marc Marquez on his current Ducati struggles: “I've...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
Alex Zanardi: The man whose name is a synonym for...
No description available...
1h ago from Motorsport.com
Conor Daly tops Indy 500 test with 225mph lap on...
No description available...
1h ago from Motorsport.com
How to watch IndyCar 2026 Indy GP: Weekend schedule,...
No description available...
4h ago from Motorsport.com
Graham Rahal “not a fan” of new rule allowing...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg grabs Rally Portugal lead as Hyundai...
No description available...
4h ago from Motorsport.com
Why WRC drivers expect Portugal to deliver a rally...
No description available...
12h ago from Motorsport.com
Hyundai brings WRC engine upgrade to Rally Portugal
No description available...
15h ago from Motorsport.com
How Ott Tanak can help Toyota's WRC 2027 car...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Brazilian defender emerges as a target for Arsenal as...
Brazilian defender Wesley has done quite well for AS Roma, and Arsenal are...
3h ago from CaughtOffside.com
Champions League review: a punch for Arteta and are...
teams for the final in Budapest are set. We look at how they got there...
5h ago from TheGuardian.com
PSG v Arsenal: six factors that could decide the...
ping Ousmane Dembélé quiet will be tough but Mikel Arteta’s side have...
5h ago from TheGuardian.com
Arsenal ready to splash UCL cash on 28-G/A star who is...
Arsenal are reportedly interested in signing the PSG attacker Khvicha...
6h ago from CaughtOffside.com
Comments
Hottest News
Oscar Piastri stunned by brutal Charles Leclerc attack
McLaren F1 star Oscar Piastri's reaction to a... Read More »
3h ago from GPFans.com
F1 star Charles Leclerc bought an incredible new £15m...
Ferrari F1 star Charles Leclerc has bought a... Read More »
4h ago from GPFans.com
Red Bull fury over 'childish' McLaren as 'animosity'...
Over the Miami Grand Prix weekend, Zak Brown... Read More »
5h ago from GPFans.com
