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
Yamaha admits 2026 MotoGP performance will decide...
Yamaha knows it must deliver a more competitive 2026 MotoGP bike to...
2h ago from MotorsportWeek.c...
Trackhouse unveils 2026 MotoGP colours in Milan launch
No description available...
30m ago from Motorsport.com
Yamaha launches 2026 MotoGP livery in Jakarta
Monster Energy Yamaha has unveiled the newest edition of its M1 machinery...
5h ago from MotorsportWeek.c...
Yamaha launches V4-powered M1 for 2026 MotoGP season
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
Ed Carpenter to contest 23rd Indianapolis 500
Owner of the Ed Carpenter Racing IndyCar team Ed Carpenter will race in...
15h ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
5d ago from MotorsportWeek.c...
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
5d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier still has motivation “to go for...
No description available...
1d ago from Motorsport.com
Sebastien Loeb after 13 Dakar punctures: Cars now...
No description available...
3d ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Newcastle star is 'definitely set on going to City',...
Newcastle United full-back Tino Livramento reportedly has his heart set on...
3h ago from CaughtOffside.com
Alan Shearer names the one team he thinks will stop...
Alan Shearer admitted that Arsenal ‘have got a really good chance’ of...
2h ago from SportsKeeda.com
Episode 861 – Get it Inter ya …
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
3h ago from Arseblog.com
Arsenal open to attacker exit but 28-year-old wants...
Arsenal are prepared to consider offers for Gabriel Jesus, according to...
7h ago from CaughtOffside.com
Comments
Hottest News
Adrian Newey's first Aston Martin project in jeopardy
Comments from two senior Honda Racing employees... Read More »
2h ago from GPFans.com
Alpine footage leaked of soaked Silverstone shakedown
Two days before the official team launch, Alpine... Read More »
1h ago from RacingNews365.com
Racing Bulls radical secrets revealed after striking Imola...
The Racing Bulls machine which appeared for a... Read More »
4h ago from RacingNews365.com
