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 »
5y 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...
5y ago from TheCheckeredFlag....
Constructive' discussion but still no decision on...
Just before Easter, the F1 summit came together to discuss lowering the...
5y 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...
5y ago from GPBlog.com
‘Constructive' talks but no ruling on budget cap
The Formula 1 team bosses reportedly had a 'constructive' meeting on...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
7h ago from Motorsport.com
MotoGP: Qatar GP ‘unlikely', but a ‘plan...
MotoGP Sports Entertainment Group has admitted that the Qatar Grand Prix...
8h ago from MotorsportWeek.c...
Michelin boss reveals potential cause of ‘never...
Marc Marquez admits the puncture that cost him a podium finish at the...
8h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Mick Schumacher’s IndyCar debut returns him to the...
Mick Schumacher began his IndyCar career this past weekend, competing in...
1d ago from MotorsportWeek.c...
Winners and losers from the 2026 IndyCar season-opener...
No description available...
1d ago from Motorsport.com
Watch: Mick Schumacher taken out on opening lap of...
Fans of Mick Schumacher could switch off early after his IndyCar debut at...
2d ago from MotorsportWeek.c...
Gallery: IndyCar kicks off 2026 season at St. Pete
Motorsport Week has exclusive images from the IndyCar curtain-raiser in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
1d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
4d ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
'Has been immense this game', 'Was f**ing...
Arsenal fans have singled out Gabriel Magalhaes for praise over his...
51m ago from SportsKeeda.com
Arsenal edge Brighton to go seven points clear
Arsenal ground out a 1-0 win over Brighton to capitalise on Manchester...
1h ago from SkySports.com
Arsenal fans will love what David Raya was seen doing...
Arsenal goalkeeper David Raya cemented his status as a fan favorite on...
1h ago from CaughtOffside.com
Arsenal go seven points clear with Bukayo Saka on...
enal did not come to see the seaside. They were not here to make friends...
1h ago from TheGuardian.com
Comments
Hottest News
F1 broadcaster announces 2026 TV line-up with glaring...
Sky Sports' Formula 1 television coverage of the... Read More »
51m ago from MotorsportWeek.com
Daniel Ricciardo is back in business again as Australian...
Formula 1 fan favourite personality Daniel... Read More »
2h ago from GPFans.com
Sky Sports F1 part ways with controversial pundit ahead of...
A member of the Sky Sports F1 punditry team will... Read More »
8h ago from RacingNews365.com
