Ferrari boss Mattia Binotto has revived the Italian outfit's old quit threats, warning the Scuderia could depart F1 if next season's budget cap is reduced further that its accepted $150M level. Amid the global coronavirus pandemic, Formula 1 will implement a series of cost saving measures for 2021 to help mitigate the financial impact of the crisis on the sport. Teams unanimously agreed to cut back the budget cap scheduled for introduction next year from $175M to $150. However, given the severity of the economic downturn and its existential threat to several teams, a further cutback of the cost cap limit is under discussion, with McLaren lobbying for a markdown all the way to $100M!...
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