Ferrari questions cost cap after revealing €2.5m repair bill
Ferrari questions cost cap after revealing €2.5m repair bill
Ferrari team principal Mattia Binotto has suggested F1's cost cap needs a rethink after revealing the 2.5million euro damage bill endured by the team this season.
For the first time, F1 is racing under a cost cap. This $145million cap has come under scrutiny in recent weeks, however, with Red Bull and Ferrari suggesting it needs looking at to account for crash damage.
The issue first came to light when Red Bull quoted the repair bill for Verstappen's Silverstone crash as $1.8m.
“There has been a lot of discussions that if there is a crash and there is a guilty driver, and you're not at fault and if you have been damaged then should that be exempt from the budget cap?" questioned Binotto.
“I think it's certainly an important point because the reason why I mentioned 2.5m euros is to show that overall the damage can be significant. So should we consider a different type of regulation in those cases?
“I think certainly there is merit for it. I think that certainly there are no obvious solutions, but it is something that no doubt we will discuss with the FIA, F1 and teams in the coming weeks, possibly to address it, to see if there is any solution for the future.”
Ferrari's damage bill currently equates to approximately two per cent of its budget for the season.
Andreas Seidl and Guenther Steiner of McLaren and Haas have both made clear their opinion the cap should not be altered to reflect crashes, with Steiner commenting: "You cannot adjust the budget or regulation on how many crashes you have got."
Accepting there to be "no obvious solution", Binotto added: “We will discuss with all the other teams, and with the FIA, because this is certainly a current issue, brought to light from several sources.
"Therefore it deserves to be explored but I don't think there is an easy solution.”
Related
Change your timezone:
Latest News
Former F1 chief hits out at Hamilton 'EXCUSES'
- 4 minutes ago
Red Bull already sending parts to F1 race MONTHS away
- 1 hour ago
Stats show SURPRISE F1 team dominate in crucial category
- 2 hours ago
Schumacher reveals what F1 pundits are NOT allowed to say about Red Bull
- 3 hours ago
Hamilton struggles pinned on Mercedes by team's OWN driver
- Today 09:57
Verstappen issues MAYHEM warning to F1 bosses
- Today 09:12
Related news
Ferrari announce HUGE F1 change to iconic red livery
F1 team 'set to announce MEGA signing' in major Red Bull challenge
Big name driver 'very angry internally' after controversial battle
Fierce Hamilton F1 rival raises timing issue for Ferrari move
F1 Standings
Drivers
- Oliver Bearman
- Charles Leclerc
- Carlos Sainz
- Lando Norris
- Oscar Piastri
- Pierre Gasly
- Esteban Ocon
- Sergio Pérez
- Max Verstappen
- Alexander Albon
- Logan Sargeant
- Lewis Hamilton
- George Russell
- Nico Hülkenberg
- Kevin Magnussen
- Fernando Alonso
- Lance Stroll
- Valtteri Bottas
- Zhou Guanyu
- Daniel Ricciardo
- Yuki Tsunoda
Races
- Gulf Air Grand Prix of Bahrain 2024
- Saudi Arabian Grand Prix 2024
- Grand Prix of Australia 2024
- MSC Cruises Grand Prix of Japan 2024
- Grand Prix of China 2024
- Miami Grand Prix 2024
- Gran Premio dell'Emilia Romagna 2024
- Grand Prix of Monaco 2024
- Grand Prix du Canada 2024
- Gran Premio de España 2024
- Grand Prix of Austria 2024
- Grand Prix of Great Britain 2024
- Grand Prix of Hungary 2024
- Grand Prix of Belgium 2024
- Heineken Dutch Grand Prix 2024
- Grand Prix of Italy 2024
- Grand Prix of Azerbaijan 2024
- Grand Prix of Singapore 2024
- Grand Prix of the United States 2024
- Gran Premio de la Ciudad de Mexico 2024
- Grande Prêmio de São Paulo 2024
- Heineken Silver Las Vegas Grand Prix 2024
- Qatar Grand Prix 2024
- Grand Prix of Abu Dhabi 2024
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media
Innovatieweg 20C7007 CD, Doetinchem, Netherlands
+31645516860