Ferrari in Denial Over Budget Limits- McLaren’s Brown
McLaren chief Zak Brown has accused Ferrari of being in denial related to the existential threat Formula One faces from COVID-19 as arguments heat up over how much teams ought to be allowed to spend.
Formula One is going to release a budget cap in 2021, with groups agreed on $145 million, but McLaren and others seeking an extra drop to around $100 million with Ferrari opposed.
Ferrari principal Mattia Binotto said Thursday that now was not the time to react in a hurry and make hasty decisions without assessing the results.
He stated he would hate to see Ferrari depart; however, the sport would survive with only 18 cars.
Formula One’s season has yet to begin and is not likely to get going until July, with European races behind closed doors.
Greg Maffei, president and chief executive of business rights holder Liberty Media, stated advance funds on revenues had been made to some teams.
Brown also took difficulty with a suggestion that Formula One risked being devalued as the pinnacle of motorsport and said no different series came close in technical sophistication.
In another dig at Binotto, who had stated Ferrari had a moral duty to protect jobs at Maranello, Brown suggested he ought to apply the same strategy to a confidential agreement with the governing FIA after a probe into the Italian team’s engine.