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 »
4y 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...
4y 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...
4y 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...
4y 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...
4y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini: 'You get scared at Balaton; changes...
No description available...
6h ago from Motorsport.com
Honda confirms Luca Marini to remain a factory rider...
Honda Racing Corporation has confirmed Luca Marini will remain as its...
10h ago from MotorsportWeek.c...
Luca Marini signs contract extension with Honda ahead...
No description available...
12h ago from Motorsport.com
MotoGP riders reveal first laps of new Balaton Park...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin praises Kyffin Simpson after titanic...
Two Team Penske drivers finished on the podium in IndyCar’s season...
1h ago from MotorsportWeek.c...
Louis Foster narrowly secures IndyCar Rookie of the...
After a season-long battle with two other rookies in the NTT IndyCar...
7h ago from MotorsportWeek.c...
Winners and Losers of the 2025 IndyCar Nashville...
No description available...
18h ago from Motorsport.com
Louis Foster secures 2025 IndyCar Rookie of the Year...
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
Sebastian Ogier wants WRC title by “winning...
No description available...
5h ago from Motorsport.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
21h ago from Motorsport.com
Sebastian Ogier and Vincent Landais win inaugural...
After dropping over half a minute on the opening day to winning Rally del...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal complete Hincapie loan deal
Arsenal have completed a deal with Bayer Leverkusen to sign Piero Hincapie...
53m ago from SkySports.com
Report: Arsenal pull off double deal on deadline day...
Arsenal outcasts Albert Sambi Lokonga and Fabio Vieira are now joining...
2h ago from CaughtOffside.com
Arsenal's hectic Deadline Day completes...
Arsenal's busy transfer window ended with an eighth signing in defender...
23m ago from SkySports.com
What I learned from interviewing this former Arsenal...
It doesn’t really surprise me to see Emi Martinez looking for a move to...
6h ago from CaughtOffside.com
Comments
Hottest News
Former Fernando Alonso F1 team-mate arrested
One of Fernando Alonso's former team-mates has... Read More »
6h ago from RacingNews365.com
Lewis Hamilton offered lifeline after late FIA penalty...
As soon as Lewis Hamilton’s penalty was... Read More »
1h ago from GPFans.com
McLaren identify cause of painful Lando Norris retirement
McLaren has accepted fault for Lando Norris'... Read More »
11h ago from RacingNews365.com
