News Details

Ferrari president Marchionne would not welcome F1 budget cap

With rumours that Liberty Media, the new owners of Formula 1, are looking to enforce some kind of budget cap on the sport, Scuderia Ferrari president Sergio Marchionne does not believe that restricting costs would work, especially with factory teams on the grid. Whilst Marchionne understands the need to reduce costs in an expensive sport, he believes limiting the amount a team can spend is not the solution, feeling that progress will be limited as teams will be forced to focus on certain areas of development and overlooking others. 'The interventions there have been up to now, from limitations on the cost of supplying power units to the reduction of wind-tunnel hours, have been totally...
Full Story »
Share

You May Also Be Interested In...

Top Stories of 2016, #2: Liberty Media takes command...

Our second biggest story of the 2016 motorsport season is that of US...
9y ago from Motorsport.com

Ferrari president insists a budget cap won't work in...

Ferrari president Sergio Marchionne insists a budget cap in Formula 1...
9y ago from GrandPrixTimes.com

Wolff brushes off ‘conflict of interest’...

Toto Wolff insists he has no conflict of interest despite being part of...

Interview: Pirelli on Formula 1's new era

– Formula 1 will introduce all-new technical regulations in 2017,...
9y ago from GPUpdate.net

Elsewhere On The Network

Popular On MGPToday.com

MotoGP's tightest title race in years: What...

The numbers back that up. According to Crash.net's post-race breakdown,...

How to fix small paint chips like a motorsport mechanic

The good news is that most everyday chips can be stabilised and blended...

Popular On IndyCarToday.com

IndyCar forced to reschedule Friday practice due to...

The NTT IndyCar series will not be completing its first practice session...
10h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Martinelli tells Arsenal no : Arteta on transfers and...

Morning. We can focus on the Community Shield and team news tomorrow, so...
43m ago from Arseblog.com

Arsenal agree personal terms with star as £65m...

Arsenal are on the verge of securing the services of Ezri Konsa, who has...
1h ago from CaughtOffside.com

“No one dead” - Fabrizio Romano responds after...

Football journalist Fabrizio Romano responded to reports that staff at...
2h ago from SportsKeeda.com

‘Not going to be an issue’: Mikel Arteta relaxed...

t;li>Manager’s deal expires at end of the new season‘They don’t...
10h ago from TheGuardian.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.