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.

Loading...

Comments

Latest Results




Latest F1 News

2019 F118 hours ago

Hamilton says he will test MotoGP bike

1ShareTeam boss Toto Wolff has admitted Lewis Hamilton and his Mercedes engineers did not tell him about a secret superbike...

2019 F119 hours ago

Ferrari may charge for fastest lap in future

1ShareFerrari may chase the bonus ‘point for fastest lap’ in Bahrain and beyond. In Melbourne, surprised and disappointed to be...

2019 F119 hours ago

Glock defends Kubica after poor F1 return

1ShareTimo Glock has defended Robert Kubica in the wake of the Pole’s disappointing return to F1 in Melbourne. Kubica’s comeback...

2019 F119 hours ago

No new Bottas in Melbourne – Ralf Schumacher

1ShareRalf Schumacher has hit back at claims that F1 gave birth to a “new” Valtteri Bottas in Melbourne. Disappointed with...

2019 F119 hours ago

Work begins on Vietnam F1 track

1ShareWork on Vietnam’s new F1 circuit for 2020 began this week. DPA news agency says FIA president Jean Todt was...

2019 F121 hours ago

Alguersuari felt like a puppet in F1

1ShareFormer F1 driver Jaime Alguersuari says the top category of motor racing turns drivers into “a puppet”. The Spaniard, now...

2019 F121 hours ago

‘Our system is different to what is done in F1’ – Ezpeleta

1ShareCarmelo Ezpeleta, boss of the MotoGP rights holder Dorna, has suggested that the premier motorcycle racing category’s funding model is...

2019 F121 hours ago

Melbourne to proceed with full resurfacing

1ShareOrganisers of the Australian grand prix look set to proceed with a full resurfacing of the Albert Park track in...

2019 F121 hours ago

Domenicali tips Ferrari to bounce back in Bahrain

1ShareFormer Ferrari boss Stefano Domenicali is expecting the Maranello team to bounce back in Bahrain. “Yes, that was a difficult...

2019 F121 hours ago

Wolff rubbishes breakaway series rumours

1ShareToto Wolff has rubbished rumours he might be part of a movement to set up a rival world championship. Auto...




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