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Ferrari's Binotto open to reduced cost cap for 2021; F1 should avoid rash decisions due to COVID-19
Scuderia Ferrari boss Mattia Binotto has said he would welcome a reduced cost cap for the 2021 Formula 1 season, but says the sport should shy away from quick decisions which have been brought on due to the on-going coronavirus pandemic. A provisional agreement to reduce the cap, which was set out in new FIA financial regulation, from $175m to $150m has been made between the teams. The McLaren F1 Team, and others and trying to get the cap reduced to $125m, with a sliding downward scale potentially set to be put in place in future. Ferrari, along with Mercedes-AMG Motorsport and Red Bull Racing, would be most affected by the proposed changes to the cap; they want assurances that the...
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4y ago from TheCheckeredFlag.co.uk
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