News Details
Ferrari explain ‘soft landing' from budget cap
Ferrari have provided details of the ‘soft landing’ Formula 1 teams can offer to staff affected by the budget cap being introduced into the sport next year. With the larger constructors having to reduce costs to a maximum of $145million in 2021, some employees are having to be retrenched to other areas of the respective companies. But scope has been given to the ‘big three’ – Mercedes, Ferrari and Red Bull – to redeploy staff over a six-month period from January, thus creating what has been described as a ‘soft landing’. Ferrari team principal Mattia Binotto considers this to be particularly pertinent at a time when the global health pandemic has created financial...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Teams warned on 'stockpiling'
With the budget cap due to be introduced next year, and teams likely to...
5y ago from Pitpass.com
Brown: The FIA are on top of what you can and can't do
Formula 1 teams have been warned by the governing FIA not to subvert a...
5y ago from GrandPrix247.com
F1 teams warned against exploiting loophole
F1 teams have been warned against ‘stockpiling' loophole The FIA...
5y ago from SpeedCafe.com
Bottas likes the "bit of pain" provided by...
Valtteri Bottas has conceded to liking the "bit of pain"...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
2026 MotoGP Brazilian Grand Prix – How to watch,...
No description available...
5h ago from Motorsport.com
Why Marc Marquez thinks he is no longer a...
No description available...
16h ago from Motorsport.com
Fabio Quartararo’s damning verdict: ‘New Yamaha M1...
No description available...
17h ago from Motorsport.com
Pedro Acosta: “Maybe it’s not my place to be”...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
2d ago from Motorsport.com
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
2d ago from MotorsportWeek.c...
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
2d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC working to secure future of Safari Rally Kenya...
No description available...
1d ago from Motorsport.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
3d ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
6d ago from Motorsport.com
WRC to return to GB in 2027 as Scotland secures...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal striker Gabriel Jesus names trophy he wants to...
Arsenal striker Gabriel Jesus has asserted that he is most interested in...
1h ago from SportsKeeda.com
England squad: Surprise Premier League duo called up...
Thomas Tuchel's latest England squad is set to be confirmed this morning,...
22m ago from CaughtOffside.com
Report confirms Arsenal interest in signing Newcastle...
Arsenal have an interest in both Sandro Tonali and Tino Livramento of...
2h ago from CaughtOffside.com
“It’s going to get spicy” - Agbonlahor predicts...
Former Aston Villa striker Gabriel Agbonlahor has predicted Arsenal to...
3h ago from SportsKeeda.com
Comments
Hottest News
Brown's rallying cry to winless McLaren: ‘Let’s just...
The mood inside the McLaren Technology Center in... Read More »
52m ago from F1i.com
Luca di Montezemolo: says when I see a Formula 1 driver...
In a long-ranging interview with Corriere della... Read More »
3h ago from GrandPrix247.com
Audi team boss to succeed Adrian Newey at Aston Martin?
A new name is at the top of Aston Martin's wish... Read More »
32m ago from RacingNews365.com
