Ferrari News

Ferrari: “Budget cap is difficult to maintain’

Ferrari President Luca di Montezemolo

Ferrari President Luca di Montezemolo

Ferrari president Luca di Montezemolo admits that F1 should do to cost but warns concurrently for a budget cap is difficult to maintain.

F1 is planning to go limit. In 2015 the cost of the sport during 2014, it therefore has to be discussed and negotiated, which is something Ferrari CEO di Montezemolo behind it, but the Italian is in talks with Autosport clear he yet sees problems for the introduction of a budget cap.

“I have my doubts about a budget cap because it is something that is easy to circumvent,” Montezemolo says.

“Especially for factory team would be easy to cheat, because we Ferrari could knock and they put us to work, while Mercedes could cheat. Within its various companies, for example in our affiliated Chrysler in Detroit”

“We have in our efforts to establish what the budget cap should be, so try to think of to reduce costs. Proper, workable solution precisely latter is a priority because of the high costs at the time the largest problem within the sport. ”

That Formula 1 in his eyes ‘ not healthy ‘ , was according to Montezemolo aptly illustrated by the situation in the drivers market during 2013: ” With the exception of Kimi Raikkonen coming to our team , every transfer for 2014 based on what a driver a team can offer . Financially Teams like Lotus, Force India, Sauber and Williams made their choices all on that basis. ”

“That the survival of teams depends on what a driver can contribute, is a situation that I have seen in F1 like never before and there is evidence that the sport is not in healthy do.”

The best solution, according to Di Montezemolo that the teams unanimously express cost savings and the FIA subsequently assemble a plan. “They should make a proposal that costs drastically brings and our then given the opportunity to respond. What we need to do, in any case, the technicians to determine the budget cap because then we’ll never get there,” he concludes.

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