News Details
Ferrari explain ‘soft landing' from budget cap
Ferrari have provided details of the ‘soft landing’ Formula 1 teams can offer to staff affected by the budget cap being introduced into the sport next year. With the larger constructors having to reduce costs to a maximum of $145million in 2021, some employees are having to be retrenched to other areas of the respective companies. But scope has been given to the ‘big three’ – Mercedes, Ferrari and Red Bull – to redeploy staff over a six-month period from January, thus creating what has been described as a ‘soft landing’. Ferrari team principal Mattia Binotto considers this to be particularly pertinent at a time when the global health pandemic has created financial...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Teams warned on 'stockpiling'
With the budget cap due to be introduced next year, and teams likely to...
5y ago from Pitpass.com
Brown: The FIA are on top of what you can and can't do
Formula 1 teams have been warned by the governing FIA not to subvert a...
5y ago from GrandPrix247.com
F1 teams warned against exploiting loophole
F1 teams have been warned against ‘stockpiling' loophole The FIA...
5y ago from SpeedCafe.com
Bottas likes the "bit of pain" provided by...
Valtteri Bottas has conceded to liking the "bit of pain"...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP postpones Qatar GP to November due to Middle...
No description available...
6h ago from Motorsport.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
6h ago from MotorsportWeek.c...
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Max Taylor delivers late pass to capture first Indy...
No description available...
52m ago from Motorsport.com
Andretti Global “pretty close” to decision on...
No description available...
12m ago from Motorsport.com
IndyCar Arlington – Qualifying Results
25 IndyCar drivers took to the track Saturday afternoon to decide the...
19h ago from MotorsportWeek.c...
Scott McLaughlin faces tough drive from last after...
No description available...
18h ago from Motorsport.com
Popular On TotalWRC.com
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
2h ago from Motorsport.com
Taka-San: King of Kenya
At the 94th time of asking, Takamoto Katsuta and co-driver Aaron Johnston...
4h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Takamoto Katsuta scores...
No description available...
4h ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal hero Thierry Henry sums up feeling of watching...
Arsenal legend Thierry Henry has revealed his reaction to teenage...
32m ago from SportsKeeda.com
“It’s not over. Who said that?” - Guardiola...
Manchester City boss Pep Guardiola has sent a strong message to Arsenal on...
5h ago from SportsKeeda.com
Man United lead race for 65m wonderkid on Arsenal,...
Manchester United are very interested in signing Assan Ouedraogo from RB...
6h ago from CaughtOffside.com
Liverpool and Arsenal in the race to sign 22-year-old...
Arsenal and Liverpool are interested in signing the FC Midtjylland winger...
6h ago from CaughtOffside.com
Comments
Hottest News
Fernando Alonso blasts latest F1 embarrassment: 'The worst...
Fernando Alonso's sharp tongue has lashed out at... Read More »
5h ago from GPFans.com
Charles Leclerc reveals brave Ferrari F1 decision after...
Charles Leclerc has said Mercedes' race pace... Read More »
4h ago from MotorsportWeek.com
Fernando Alonso says he was struggling to feel his hands...
Aston Martin's Fernando Alonso retired from the... Read More »
1h ago from GrandPrix247.com
