Trouble Between Ferrari F1 and Others as Smaller Teams Fight for Further Budget Cuts

Published 04/02/2020, 10:44 AM EDT


The F1 season is still at a halt. It has ramifications for the eventual fate of numerous groups in the game. However, on Monday the sixth of April the groups will meet to discuss another budget cap in F1. The initial eight races have just dropped/delayed.

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The spending top for the 2021 season had been set at $175 million. However, with the momentum conditions due to the coronavirus, the circumstance has not gotten any simpler for the little teams. Moreover, this is a one of a kind chance to bring down the cutoff. The big teams as of now need to make gigantic reserve funds. The little teams are requesting a $100 million decrease.

The summer break was brought forward to April and stretched out by seven days. On the off chance that the administrations in England, Italy, France adhere to their curfews and production line closings past Easter, this could likewise mean an extension of the obligatory break for F1.

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F1 teams want to bring the budget cap down

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The small teams are requiring the fringe to be brought down to $ 100 million. The entirety of the special cases ought to be eliminated bit by bit. The driver’s salaries as well. Ferrari and Red Bull prepare themselves against such a dramatic cut.

Red Bull has allegedly offered to consent to a $ 150 million decrease if the new guidelines are deferred until 2023. Mercedes would clearly concur with a restriction of 150 million. One hears that the corporate managers of Mercedes and Renault would welcome considerably greater cuts.

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A few teams, drove by McLaren, request to additionally bring down the budget cap – the cost cap, effectively endorsed of 175 million for each group. All this starting from 2021, the year where the expenses, between the improvement of the current vehicle and the enhanced one for 2022 will unquestionably be high.

It is most importantly Ferrari that offers investment funds from an alternate point of view. Reason: another decrease would prompt the need to lay off several workers. In Maranello, they need to keep away from in any capacity conceivable to leave individuals who are in any case in trouble during and after the infection crisis.

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Abhay Aggarwal

421 articles

Abhay Aggarwal is sports analyst at EssentiallySports. Having joined ES in early 2020, he has over 300 NASCAR, Formula 1, and Tennis articles to his name. Abhay has been an avid motorsports fan for over a decade, and he even attended the inaugural Indian Grand Prix in 2011.

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