News Details
Ferrari's Binotto in favour of two-tier budget cap system
Ferrari boss Mattia Binotto is in favour of a two-tier budget cap system for 2021 that would consider the additional R&D costs supported by the sport's bigger teams. Formula 1's long-waited cost-cutting measures will finally see the light of day next season. Furthermore, because of the sport's economic downturn amid the COVID-19 pandemic, teams have agreed to reduce the initial $175m spending limit to $150m, although F1's smaller outfits are lobbying for a further cutback to $100m. But Binotto argues that F1's front-running outfits have significant research and development costs, while their smaller customer teams simply buy a certain number of parts and components from them. F1 and teams...
Full Story »
Full Story »
You May Also Be Interested In...
Binotto: Maybe the answer is not a single budget cap
Formula 1 has to consider the 'different situations' some teams find...
5y ago from GrandPrix247.com
Ferrari: One size fits all F1 team budget cap...
Ferrari team principal Mattia Binotto has explained why setting the same...
5y ago from Crash.net
Smaller F1 teams target budget cap reduction to $100M!
Formula 1's smaller teams, who are most vulnerable to the sport's...
5y ago from F1i.com
F1 and teams agree to consider changes to budget cap...
Formula 1 bosses and the teams agreed at a meeting on Monday to consider...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
1d ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
2d ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
3d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
4d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
2d ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
2d ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
2d ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
How Oliver Solberg picked up his “crazy dream”...
No description available...
6h ago from Motorsport.com
Oliver Solberg crowned the youngest ever Rallye Monte...
Oliver Solberg and Elliot Edmondson created a piece of Rally Monte Carlo...
9h ago from MotorsportWeek.c...
WRC Monte Carlo: Oliver Solberg dominates to claim...
No description available...
10h ago from Motorsport.com
WRC Monte Carlo: Drivers, fans and Liam Lawson enjoy...
No description available...
23h ago from Motorsport.com
Popular On GunnersToday.com
Patrick Vieira makes interesting Arsenal title...
Arsenal legend Patrick Vieira delivered a mixed verdict on his former...
1h ago from CaughtOffside.com
Arteta’s team of ruthless cyborgs malfunction in way...
enal let game slip against Manchester United and need to quickly regain...
3h ago from TheGuardian.com
Nev: Arsenal’s pain was self-inflicted | 'They've...
Gary Neville questions where Arsenal's anxiety is coming from after a...
2h ago from SkySports.com
‘We got punished’: Arteta rues errors as...
t;li>Zubimendi mistake led to Mbeumo equaliser‘We were dominant …...
2h ago from TheGuardian.com
Comments
Hottest News
Business: Williams and New Era unveil 2026 team kit at...
The Atlassian Williams F1 Team and New Era have... Read More »
1h ago from F1Technical.net
Haas completes shakedown of VF‑26 at Ferrari's Fiorano...
Haas has taken a significant step in its 2026... Read More »
1h ago from F1Technical.net
What does Hamilton expect from his second year at Ferrari?
Ferrari’s launch of its 2026 Formula One... Read More »
1h ago from F1Technical.net
