Reports say Italian racing team could walk away over US$145 mil budget cap. FMTNews F1
LONDON: Ferrari have said they remain committed to Formula One after reports on Thursday that the sport’s oldest and most successful team could walk away if a proposed budget cap for 2021 was set too low.
“The US$145 million level is already a new and demanding request compared to what was set out last June,” he said. The Italian said the teams had different characteristics, some privately run while others were part of major manufacturers operating in different countries and under different legislation.
“However, this is not the time to react in a hurry as there’s a risk of making decisions on the back of this emergency without clearly evaluating all the consequences.”
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