formula 1
An interview with Ferrari team boss Mattia Binotto on Thursday caused confusion in the dispute over further reductions in the spending limit in Formula 1. In an interview with the British “Guardian”, the Italian announced that the “Scuderia” might withdraw due to further budget cuts – and felt misinterpreted after the following media coverage.
04/23/2020 05/12
Online since today, 12.05
(Update: 1:23 p.m.)
–
–
–
Even if the engines in Formula 1 are currently cold due to the corona virus pandemic, the argument about the future budges continues to rage behind the scenes. The “Scuderia” does not want to support the planned budget limit reduction to well below 138 million euros. “This is not possible without further significant savings, especially in the area of the workforce. Should it go even further, we don’t want to be put in a position to look for other options where we can develop our racing DNA, ”said Binotto’s corresponding statement in the“ Guardian ”.
The reports that Ferrari was threatened with withdrawal were seen by the Italians as a false rendition of what was said. Binotto “never mentioned” that the “Scuderia” wanted to leave the premier class of motorsport. On the contrary, the opposite is the case, at Ferrari, “one does not want to be pushed into a position to have to deal with further options in addition to a continuation in Formula 1.” The statements of the team boss should therefore not be understood as a threat to exit. “To make this clear: If the upper cost limit were too strict, we would also deal with other competitions in addition to Formula 1,” said Binotto on Thursday.
“Not the time to act hastily”
Those responsible at Ferrari know about the radiance of the Maranello brand. A possible exit of the “Scuderia” would therefore rob the racing series of its most dazzling team. The Italian racing team has been the only one without interruption in Formula 1 since 1950, this year it would have been 1,000 if the season had been normal. Race celebrated. To what extent other racing series for Ferrari could really be an alternative to the motorsport king class is open.
The difficult discussions about the budget limit were sparked by the coronavirus pandemic. The teams had already agreed to lower the budget limit decided for each team from 161 million euros to 138 million euros a year. That is not enough for a number of racing teams and the International Automobile Association (FIA). The most recent discussion was a gradual reduction to around 110 million euros.
“We are all aware that Formula One and the whole world are experiencing particularly difficult times as a result of the coronavirus pandemic. But it is not the time to act hastily, because then you run the risk of making decisions in this emergency situation without having thought through all the consequences, ”said Binotto. In addition to Ferrari, Red Bull Racing is also opposed to a further budget cut.
–
–
