Ferrari is against

Ferrari against budget cap


The Ferrari team has hit out at the FIA's proposals for a budget cap, which would see those teams wishing to follow a new, less restricted set of regulations be limited to spending no more than £40m from next season onwards.

In a statement released by the Italian team on Friday, the Scuderia explained how it was chiefly against the optional scheme as it strives to maintain the 'untouched values of this sport'.

'As the only team to have taken part in every F1 World Championship since its inception in 1950 up to the present day, Ferrari strongly believes that this sport should maintain its principles of being at the cutting edge in terms of research, with the teams thus taking part in a sporting and technical contest,' the statement read.

'Ferrari, along with all the other teams in FOTA (Formula One Teams' Association), has, for some time now, felt the urgent need for a significant reduction in costs as from this year, and believes that the future of this sport requires stability of the regulations and the gradual achievement over the next two to three years of a cost-profit balance which would allow current teams to remain in the sport while at the same time encouraging the arrival of new ones.'

The FIA-suggested system would give teams the option of running with the budget cap plus greater technical freedom (including a significantly more powerful KERS unit) or, alternatively, abiding by current, more restricted technical rules but with no set spending limit.

'This is the position Ferrari wants to underline today,' the statement concluded, 'in the interests of the sport without looking to cause pointless controversy which would be harmful to all those involved in this sport.' The team's view follows mixed opinions from Force India plus McLaren and Williams' disagreement with running a two-tier championship.