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Ferrari questions cost cap after revealing €2.5m repair bill

Ferrari questions cost cap after revealing €2.5m repair bill

F1 News

9 comments

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.”

What do you think?
Shaun

You’re obviously not an F1 fan are you? So what’s the point of you even reading these articles and commenting?

Tell you what, why don’t you also ask all of the football players, tennis stars, around the world, and the NBA and Baseball players to all take a cut and be paid minimum wage? That way all the savings made could pay for the starving people in those countries. Get real mate and starting in the real world

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Senior
random person
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215
Mar 2020
First Poster
random person

Bunch of cry babies. They agreed to the cost cap in the first place, did they not think about the possibility they might face a bill for repairing their cars? If not, perhaps they should have put accountants in the meeting as well, they would have thought about every eventuality.

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Amateur
madness69
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Aug 2021
madness69

How many of Max's DNF were his fault? 0. Yet he should get penalized for being taken out by others. Thats some outstanding logic right there.

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Regular
Remember
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19
41
65
Jul 2021
Remember

Build cheaper cars. F1 is a waste of money! People are starving in every country even the rich ones! F1 cars should use recycle d plastic and stock block 1 liter 4 cylinder engines.

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Amateur
Shaun
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1
13
2
Aug 2021
Shaun

You’re obviously not an F1 fan are you? So what’s the point of you even reading these articles and commenting?

Tell you what, why don’t you also ask all of the football players, tennis stars, around the world, and the NBA and Baseball players to all take a cut and be paid minimum wage? That way all the savings made could pay for the starving people in those countries. Get real mate and starting in the real world

Gravatar
Regular
Remember
Gravatar
19
41
65
Jul 2021
Remember

Actually F1 cars were going in the right direction in the 1980s with 1.5 liter turbo s. Today the should be using 250cc cast iron 1cylinder piston port turbo diesel clean burn engines! The cars should weigh 700 pounds but never more than 900 no matter what for the 21 first century! They are trying to maintain old style tradition that is the opposite of what F1 claims to be! The world is going electric Formula E is the future! But, ICE are cool as F. Electric motors don't shut flames. The problem with F1 is that they are too insulated. You never ever hear anything on local news like baseball football soccer golf. F1 needs new and better ideas instead of an exclusive secret club that few can join. F1 needs to initiate local educational events in math and science in all countries but mainly those countries F1 visits. The technology of thinking should be F1s mission statement in poor and rich countries. To encourage a problem solving way of thinking for any issues in F1 or anything!!!

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Regular
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19
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65
Jul 2021
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F1 needs to think about becoming more accessible to more people in terms of education that is shared and encourage d in poor and rich countries to encourage children male female to think high technology in schools from first grade for the rest of people s lives. F1 needs to encourage and invest what ever funds are available in high technology thinking for children and adults in every country. If many ideas from many different perspectives from many different cultures are focused on the same problem that problem Will be solved faster. But, if education is limited to only a small number of people problems will take years to solve or never be solved. It has been stated that high intelligence creates simple and inexpensive products. F1 is the complete opposite at this time in human technology. That is why the han condition will benefit greatly if the global community were involved in high or extreme high technology thinking with little to no waste and pollution but we need more people.

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Amateur
Tyrone
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2
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Aug 2021
Tyrone

There is a simple answer to the cost cap , if the race stewards judge that collision was caused by another manufacturer and significant damage is caused , the the team that cause that damage pay the cost of repairs or replacement , but it must be proved beyond doubt that the damage was caused by another teams driver , that way the the money does not come from the innocent team buget .

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Senior
PapaofGags
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167
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Feb 2021
PapaofGags

@Tyrone

Your idea will reduce overtaking, no ta.

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Amateur
John
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Aug 2021
John

Hamilton is a good driver but needs to race cleanly., which he hasnt done lately. He says Bottas as is an ideal teammate which appears to be true because he took out Red Bull a week after Hamilton did the same. They should be parked for their actions. is that a way of earning fans respect?

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