zzdcar
Home
/
Reviews
/
Racing
/
Ferrari Actually Wants F1's Budget Caps To Be Stricter
Ferrari Actually Wants F1's Budget Caps To Be Stricter-July 2024
2024-02-19 EST 22:11:06

Image for article titled Ferrari Actually Wants F1's Budget Caps To Be Stricter

While many big-name teams aren’t all that happy about the new being implemented in 2021, there’s one team that’s not happy with the restrictions for a completely unexpected reason. doesn’t think the caps are going to be strict enough.

If you need a refresher, F1 teams will only be allowed to spend $175 million per season in 2021, not including driver salaries or engine development. Basically, if you spend money on car performance, that counts toward the budget cap. Aside from engines. That, apparently, is different.

But in Ferrari’s eyes, $175 million is still far too generous. In fact, Ferrari believes that F1 will eventually die if the series doesn’t start enhancing its economic viability, reports. Here’s more:

“I think we’ve reached a relatively good compromise in terms of the cost cap, which today applies to the chassis,” [Ferrari CEO Louis Camilleri] said.

“We’ve been in favour of it because we think it’s good for the economic sustainability of Formula 1. In time that budget cap should encompass more of the car, the power units, the drivers as well, various other things, because ultimately if the sport is not economically viable, it’s slowly going to die.

“So, we viewed it as our responsibility to ensure that it will be economically viable, and in doing so, I have to say that we have and others, that we principally have made certain sacrifices, so that the smaller teams would get more money.”

In the past, F1 was notorious for cutting deals with individual teams—little monetary bonuses or structural changes that would appease one specific team only. Ferrari was often one of them; as a heritage team, it received extra funding to ensure it would continue in the sport. Despite not winning a championship since 2008, that heritage funding still ensured Ferrari remained the highest-paid team. Those little bonuses have been cut going into 2021.

Strangely, Ferrari seems okay with that. It seems to be looking at the big picture: it’s better for F1 in the long run if all teams have a more economic footing. It almost sounds kind of noble.

Until you remember that Ferrari is also getting ready to spend millions of dollars more than usual during 2020 to get a leg up on the competition before they have to start reigning it in. Camilleri is predicting a “” in terms of spending in 2020. Better to drop a few extra million now before it’s time to join the rest of the grid in paring things down.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Racing
Race Teams, I Am Begging You: Please Use More Colors In Your Liveries
Race Teams, I Am Begging You: Please Use More Colors In Your Liveries
I’d like to ask you to take a moment to imagine something. You’ve just wrapped up your COVID-19 vaccine regimen and have planned your first trip to the race track in over a year. You arrive with your mask and your folding chair, prepared for the most satisfying weekend...
Jul 14, 2026
Devon Rouse Is The First Openly-Gay Driver To Turn Laps In ARCA
Devon Rouse Is The First Openly-Gay Driver To Turn Laps In ARCA
This weekend, racing driver Devon Rouse made history. He became the first openly-gay driver to turn laps in an ARCA car during the series’ yearly test session. He did so behind the wheel of Andy Hillenburg’s Fast Track Racing machine. Seeing racers of the LGBTQ+ community in the motorsport...
Jul 14, 2026
Finland Is Getting Two World Rally Championship Events This Year In Place Of Rally Sweden
Finland Is Getting Two World Rally Championship Events This Year In Place Of Rally Sweden
COVID-19 has already wreaked havoc on the 2021 World Rally Championship schedule, and its path of destruction continues. The iconic, snow-covered (well, ) Rally Sweden has long been from the calendar, but various other changes had it looking like we wouldn’t see any snow events this year. Now, though,...
Jul 14, 2026
Pitbull Now Co-Owns A NASCAR Team
Pitbull Now Co-Owns A NASCAR Team
NASCAR is gaining its second celebrity co-owner ahead of the 2021 racing season. Grammy-award winning singer Pitbull—yes, Mr. Worldwide himself, Armando Christian Perez—is taking on an ownership role at newly formed . Because, hell, why not? The team, founded by Justin Marks, will be making its debut at February’s...
Jul 14, 2026
Netflix's Kevin James-Led NASCAR Sitcom Looks Like A Start-And-Parker
Netflix's Kevin James-Led NASCAR Sitcom Looks Like A Start-And-Parker
The first official trailer for Netflix’s The Crew was released on Friday, and boy does it look bad. The show, which will debut on the streaming app on February 15th, follows a NASCAR race team as the team boss retires and places his young daughter at the head of...
Jul 14, 2026
A Reminder That Filming Yourself Driving A Race Car Is An Incredibly Bad Idea
A Reminder That Filming Yourself Driving A Race Car Is An Incredibly Bad Idea
15-year-old stock car driver Taylor Gray has raised quite a stir on social media today after posting a Snapchat video of him using one hand to film himself while cruising around the Daytona International Speedway at full blast. So, here’s your regular reminder: filming yourself racing at speed is always...
Jul 14, 2026
Copyright 2023-2026 - www.zzdcar.com All Rights Reserved