Ferrari team boss Mattia Binotto believes that F1 is too expensive and too inaccessible for teams and young talents. He believes they need to take action to reduce the cost of the sport. Formula 1 teams are currently operating within a budget limit this season. Formula 1 has given the teams a budget cap of $ 145 million for the entire season.
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Ferrari is the largest company in the sport and has often spoken out against the introduction of a budget cap. But in 2019, after they named Binotto team boss at Ferrari, he made it clear that aggregates are a financial problem in F1.
According to Binotto, the cost of units limits developments and progress on the test benches.
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“We cannot do any activity on test stands because the unit costs too much” – Binotto
Speaking to racingnews365.com, Binotto mentioned that Ferrari is a healthy company, and even after the pandemic, it’s healthy. He also commented on the expenses in the current Formula 1 and why aggregates are so expensive.
“But we still know that the expenses in Formula 1 are too high at the moment and will no longer be affordable in the future because it doesn’t make any sense. It’s that simple, ”said Binotto.
Formula 1 F1 – Azerbaijan Grand Prix – Baku City Circuit, Baku, Azerbaijan – Ferraris Charles Leclerc in action during practice REUTERS / Maxim Shemetov
He added, “If you look at the device for yourself, it costs six times more than the cost of a single device when it was normally vacuumed today, and I think it doesn’t make any sense. We used to be able to do a lot on the test benches because the engines didn’t cost too much. “
Binotto also mentioned why it has become impossible to work on dynos for development in F1 –
“Today we cannot afford such activity on the test bench just because the unit is too expensive. I think we have to cut costs because by reducing costs there may be more opportunities for development in the future. “
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SPA, BELGIUM – SEPTEMBER 01: Charles Leclerc of Monaco and Ferrari and Ferrari team boss Mattia Binotto go to the Formula 3 grid for a minute’s silence in honor of the late Formula 2 driver Anthoine Hubert before the Formula 1 Grand Prix of Belgium at the Circuit de Spa -Francorchamps on September 01, 2019 in Spa, Belgium. (Photo by Charles Coates / Getty Images)
Can Mattia Binotto lead Ferrari back to the top in 2022?
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Ferrari has fought in Formula 1 for the past few years. You haven’t won the driver’s title since 2007 and the constructor’s title since 2008. In 2020, under the leadership of Binotto, they experienced their worst season in 40 years.
In 2021, they saw an upward trend in terms of competitiveness, but they are still not at the top. The 2022 season will bring a glimmer of hope for the jumping horses, as the regulations in F1 change drastically. This offers a team like Ferrari a golden chance to get back on the winning road in F1.
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What do you think? Is F1 currently too expensive for teams? Comment below to let us know.
The post Binotto explains an important handicap in engine development for Ferrari F1 first appeared on monter-une-startup.
