News Details
Ferrari revives F1 quit threats amid budget cap talks!
Ferrari boss Mattia Binotto has revived the Italian outfit's old quit threats, warning the Scuderia could depart F1 if next season's budget cap is reduced further that its accepted $150M level. Amid the global coronavirus pandemic, Formula 1 will implement a series of cost saving measures for 2021 to help mitigate the financial impact of the crisis on the sport. Teams unanimously agreed to cut back the budget cap scheduled for introduction next year from $175M to $150. However, given the severity of the economic downturn and its existential threat to several teams, a further cutback of the cost cap limit is under discussion, with McLaren lobbying for a markdown all the way to $100M!...
Full Story »
Full Story »
You May Also Be Interested In...
Ferrari threatens to quit F1 if cap is further reduced
Ferrari has threatened to quit Formula 1 if the sport lowers the agreed...
5y ago from PlanetF1.com
Formula 1 making progress on cost cap but not there yet
Formula 1 has advanced further on its efforts to define an appropriate...
5y ago from F1i.com
Ferrari threatens to quit F1... again
The titles might be a distant memory, the dominance a fading dream, but...
5y ago from Pitpass.com
Brawn about further lowering cap: 'Maybe it's time for...
Apart from the cornacrisis, there is a lot of talk about the budget...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia explains why it's ‘impossible'...
After failing to secure a podium at his Grand Prix at Mugello, Francesco...
1d ago from MotorsportWeek.c...
Aprilia to run “special test” for Jorge Martin...
No description available...
1d ago from Motorsport.com
Watch: “Feels like yesterday” - Alex Criville...
No description available...
1d ago from Motorsport.com
EU approves Liberty Media's purchase of MotoGP and...
Liberty Media has received unconditional approval from the European...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
1d ago from MotorsportWeek.c...
Winners and Losers from IndyCar’s Road America...
No description available...
2d ago from Motorsport.com
How a “grumpy” Alex Palou ended up thankful for...
No description available...
2d ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
1w ago from MotorsportWeek.c...
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'Arsenal will sign him because he wants to join them'...
Sky Sport journalist Gianluca DiMarzio reckons Arsenal will snap up...
1h ago from SportsKeeda.com
Arsenal agree fee for Brentford captain Norgaard
Arsenal have agreed a fee of £10m plus add-ons to sign Brentford...
1h ago from SkySports.com
The next Haaland? What Sesko would bring to Arsenal
Arsenal are considering a move for Benjamin Sesko this summer but what...
5h ago from SkySports.com
Papers: Arsenal ready to swoop for Palace's Guehi
The top stories and transfer rumours from Wednesday's newspapers...
5h ago from SkySports.com
Comments
Hottest News
Sergio Perez confirms long-standing rumour over Max...
Sergio Perez spent four years at Red Bull... Read More »
3h ago from RacingNews365.com
Stunning £220,000 Ferrari that Jeremy Clarkson 'FAILED a...
A classic Ferrari once owned by Jeremy Clarkson... Read More »
52m ago from GPFans.com
Photos: Brad Pitt drives McLaren F1 car at COTA
Amid the global release of F1 The Movie,... Read More »
2h ago from GrandPrix247.com
