Ferrari speaks out against the FIA’s budget cap

Ferrari opposes the FIA’s proposals for a budget cap that would allow new teams to enter Formula 1 with the modest sum of 40 million pounds next season.

In a statement released by the Italian team on Friday, the Scuderia explains why it opposes this new regulation point. According to them, they wish to maintain the values of this sport intact.

« As we are the only team to be present at the F1 World Championship since its inception in 1950, Ferrari firmly believes that this sport should maintain its principles of being at the forefront of research. Thus, the teams participating in this sporting and technical competition must adhere to its foundations. »

Ferrari, along with all the other teams of the FOTA (Formula One Teams’ Association), has, for some time, recognized the urgent need for a significant cost reduction starting this year. It believes that the future of this sport requires regulatory stability and the progressive realization over the next two to three years of a cost-benefit analysis, which will allow teams to remain in the sport while encouraging the arrival of new teams.

The FIA system offers teams the possibility of a budget cap and greater freedom from a technical standpoint.

« This is thus the position of Ferrari today, which, in the interest of the sport, does not seek to provoke unnecessary controversy that would be detrimental to all the actors of this sport. »