Connect with us

2021 F1

Ferrari not commenting on $150m budget cap

Published

on

  • 1
    Share

Ferrari was silent after Liberty Media announced in Bahrain that it is pressing ahead with new engine rules and a budget cap for 2021.

Earlier, president Sergio Marchionne – who was not present for Friday’s key meeting – had warned that changes like those might result in Ferrari quitting the sport.

And amid rumours Liberty’s budget ceiling will be $150 million per team, Mercedes team boss Toto Wolff agreed that a number like that would be “unworkable”.

Mercedes team chairman Niki Lauda agreed: “It would mean cutting many jobs, which is something we can’t do in such a short time.”

A Ferrari spokesperson in Bahrain said the Maranello based team has no comment.

Struggling former great Williams, though, welcomed the proposals.

“Not to say that we were on the brink or anywhere close, but with the way the sport is structured today Williams’ survival into the medium and long-term was looking pretty bleak,” said deputy boss Claire Williams.

“Everything they (Liberty) presented from revenue redistribution to cost caps is absolutely everything that we want to see from 2021 and beyond,” she added.

However, Liberty’s F1 sporting boss Ross Brawn admitted that what was proposed on Friday was more of a starting point than a fait accompli.

“The teams need to digest it now and then the discussion proper will start,” he said in Bahrain.

But Red Bull team boss Christian Horner said time is tight, and he is sceptical Liberty can push through its agenda.

“It’s ambitious,” he admitted.

“There are lots of big topics – engines, prize fund and budget caps – but the thing is how are going to achieve it?”

The next meeting will take place just after the Chinese grand prix, when the strategy group gets together on April 17. Marchionne is slated to attend.

Comments

Latest Results




Latest F1 News

2018 F12 days ago

Alonso exit shows F1 ‘sick’ – Perez

1ShareFernando Alonso’s plight shows that F1 is “sick”. That is the claim of Force India driver Sergio Perez, referring to...

2018 F12 days ago

Kubica has ‘made decision’ about 2019

1ShareRobert Kubica looks certain to secure the second race seat at Williams for 2019. At an event in northern Poland,...

2018 F12 days ago

Dutch GP preparations to take years

1ShareBelgian grand prix boss Andre Maes doubts the Netherlands can quickly put together an F1 project. After 35 years promoting...

2018 F12 days ago

Toto Wolff is offering a place for Seidl in Mercedes

1ShareMercedes looks set to recruit a top official from Porsche’s highly successful Le Mans team. Porsche ended its highly successful...

2018 F14 days ago

F1 has ‘other options’ to British GP – Carey

1ShareChase Carey has admitted a cloud still hangs over the future of the British grand prix. Last year, Silverstone’s owner,...

2018 F14 days ago

Carey admits no ‘new engine’ for 2021

1ShareChase Carey has admitted F1’s engines will not change significantly for 2021. Earlier, Liberty Media wanted drastically different engines compared...

2018 F14 days ago

Lewis Hamilton says he is not interested in Formula E

1ShareLewis Hamilton says he is not interested in Formula E because of the lack of petrol power, sound and speed....

2018 F14 days ago

Carey defends ending F1 betting sponsorship ban

1ShareChase Carey has defended F1’s move into the world of gambling. For four decades, former F1 supremo Bernie Ecclestone did...

2018 F15 days ago

Brazil ramps up efforts to keep grand prix

1ShareOrganisers of the Brazilian grand prix have ramped up efforts to keep Interlagos on the F1 calendar. The contract expires...

2018 F15 days ago

Marchionne death hurt Ferrari morale – Tronchetti Provera

1ShareFerrari is “very close” to its goal of bringing the title back to Maranello after more than a decade. That...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media