Ferrari not commenting on budget cap

  • Published on 07 Apr 2018 12:25
  • comments 0
  • By: Fergal Walsh

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.

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.

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BEGrand Prix of Belgium

Local time 

World Championship standings 2024

Show full world champion standings

Test calendar

See full test schedule

Related news

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2024

Date
Grand Prix
Circuit
-
Bahrain
29 - Mar 2
Bahrain
7 - Mar 9
Saudi Arabia
22 - Mar 24
Australia
5 - Apr 7
Japan
19 - Apr 21
China
3 - May 5
United States of America
17 - May 19
Italy
24 - May 26
Monaco
7 - Jun 9
Canada
21 - Jun 23
Spain
28 - Jun 30
Austria
5 - Jul 7
United Kingdom
19 - Jul 21
Hungary
26 - Jul 28
Belgium
23 - Aug 25
Netherlands
30 - Sep 1
Italy
13 - Sep 15
Azerbaijan
20 - Sep 22
Singapore
18 - Oct 20
United States of America
25 - Oct 27
Mexico
1 - Nov 3
Brazil
22 - Nov 24
United States of America
29 - Dec 1
Qatar
6 - Dec 8
United Arab Emirates
See full schedule

Formula 1 Calendar - 2024

Date
Grand Prix & Circuit
29 - Mar 2
7 - Mar 9
Saudi Arabia Jeddah Street Circuit
22 - Mar 24
Australia Albert Park
5 - Apr 7
19 - Apr 21
3 - May 5
United States of America Miami International Autodrome
17 - May 19
24 - May 26
Monaco Monte Carlo
7 - Jun 9
21 - Jun 23
28 - Jun 30
Austria Red Bull Ring
5 - Jul 7
United Kingdom Silverstone
19 - Jul 21
Hungary Hungaroring
26 - Jul 28
23 - Aug 25
Netherlands Circuit Zandvoort
30 - Sep 1
Italy Monza
13 - Sep 15
Azerbaijan Baku City Circuit
20 - Sep 22
18 - Oct 20
United States of America Circuit of the Americas
25 - Oct 27
1 - Nov 3
Brazil Interlagos
22 - Nov 24
United States of America Las Vegas Street Circuit
29 - Dec 1
6 - Dec 8
United Arab Emirates Yas Marina Circuit
See full schedule

Driver profile

  • Team -
  • Points -
  • Podiums -
  • Grand Prix -
  • Country GB
  • Date of b. Dec 6 1982 (41)
  • Place of b. Oban, GB
  • Weight 53 kg
  • Length 1.68 m
Show full profile

Team profile

Show full profile
show sidebar