News Details

Ferrari questions budget cap amid 2.5 million damage tab

Ferrari boss Mattia Binotto has suggested once again that a level of cost damage should perhaps be excluded from Formula 1's budget cap. Teams are running this season on a maximum $145 million budget, an amount that will drop to $135 million by 2023. But all costs related to damage incurred during the season are funded by a team's budget. Red Bull team boss Christian Horner recently put a $1.8 million price tag on Max Verstappen's crash with Lewis Hamilton in the British Grand Prix at Silverstone. But Ferrari has also faced a few hefty repair bills, which Binotto has estimated to have cost approximately 2.5 million. ©Ferrari "This is the amount we have spent, from Bahrain to Hungary,...
Full Story »
4y ago from F1i.com 0
Share

You May Also Be Interested In...

Opinion | Criticisms of the current cost cap are...

The FIA announced a cost cap for the 2021 season in late 2019, with the...
4y ago from GPBlog.com

Red Bull victim of budget cap after damage: Is a...

It took months to agree on a budget cap in Formula 1, but it was finally...
4y ago from GPBlog.com

Ferrari backs Red Bull over budget cap tweak

Aug.5 Ferrari has joined Red Bull in arguing that the budget cap rules...
4y ago from OneStopStrategy.com

2.5m damage has Binotto questioning budget cap

With Ferrari racking up 2.5m worth of damage this year, Mattia Binotto is...
4y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Joan Mir reveals ‘realistic position’ for Honda...

Joan Mir revealed his sixth-place in Sunday’s Austrian MotoGP race was...
12h ago from MotorsportWeek.c...

Francesco Bagnaia ‘running out of patience’ with...

Francesco Bagnaia revealed it is “difficult to explain” his 2025...
16h ago from MotorsportWeek.c...

Casey Stoner slams MotoGP's new stability control...

Two-time MotoGP champion Casey Stoner has voiced his disapproval of...

Popular On IndyCarToday.com

NASCAR Trucks to join IndyCar for St. Petersburg race...

The 2026 schedule for the NASCAR Craftsman Truck Series (NCTS) was...
10h ago from MotorsportWeek.c...

MSR extends Marcus Armstrong contract for 2026 IndyCar...

Meyer Shank Racing announced on Monday that it will keep Marcus Armstrong...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal close to Eze deal as Spurs move on to other...

Arsenal are close to agreeing a deal with Crystal Palace to sign Eberechi...
6h ago from SkySports.com

'Here we go' for Eberechi Eze to Arsenal as details...

Eberechi Eze to Arsenal has been declared a 'here we go' by transfer guru...
5h ago from CaughtOffside.com

Report: Arsenal now closing in on transfer hijack,...

Arsenal are looking to sign the Crystal Palace attacker Eberechi Eze...
7h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.