News Details

Ferrari questions budget cap amid 2.5 million damage tab

Ferrari boss Mattia Binotto has suggested once again that a level of cost damage should perhaps be excluded from Formula 1's budget cap. Teams are running this season on a maximum $145 million budget, an amount that will drop to $135 million by 2023. But all costs related to damage incurred during the season are funded by a team's budget. Red Bull team boss Christian Horner recently put a $1.8 million price tag on Max Verstappen's crash with Lewis Hamilton in the British Grand Prix at Silverstone. But Ferrari has also faced a few hefty repair bills, which Binotto has estimated to have cost approximately 2.5 million. ©Ferrari "This is the amount we have spent, from Bahrain to Hungary,...
Full Story »
4y ago from F1i.com 0
Share

You May Also Be Interested In...

Opinion | Criticisms of the current cost cap are...

The FIA announced a cost cap for the 2021 season in late 2019, with the...
4y ago from GPBlog.com

Red Bull victim of budget cap after damage: Is a...

It took months to agree on a budget cap in Formula 1, but it was finally...
4y ago from GPBlog.com

Ferrari backs Red Bull over budget cap tweak

Aug.5 Ferrari has joined Red Bull in arguing that the budget cap rules...
4y ago from OneStopStrategy.com

2.5m damage has Binotto questioning budget cap

With Ferrari racking up 2.5m worth of damage this year, Mattia Binotto is...
4y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Thunderstorm delays IndyCar qualifying at Mid-Ohio

Qualifying for the NTT IndyCar Series at Mid-Ohio has been delayed due to...

Popular On TotalWRC.com

Popular On GunnersToday.com

Report: Arsenal agree £17m sale, opens door to new...

Arsenal's long-awaited left-wing refresh now appears to be gathering real...
8h ago from FreshArsenal.com

Arsenal tracking £15m Argentine talent as transfer...

Arsenal are interested in signing the Boca Juniors midfielder Tomas...
9h ago from CaughtOffside.com

Arsenal's hopes rise as rival club fails with move for...

Morten Hjulmand has been linked with a move to the Premier League in...
8h ago from CaughtOffside.com

Arsenal in contact with agents of 16-G/A striker who...

Arsenal are interested in signing Bayer Leverkusen striker Christian...
12h ago from CaughtOffside.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.