News Details
Ferrari expects ‘quite critical' year for F1 spending
Ferrari says 2020 will be a “critical” year in terms of its own Formula 1 spending and investment as the manufacturer seeks an end to its title drought. Ferrari released its Q4 earnings earlier this week and recorded
strong results across the board, attributing increased sponsorship and
commercial gains mainly down to its Formula 1 activities. Formula 1 is introducing an annual budget cap of $176m from 2021 (on the assumption of there being 22 rounds) but this does not apply to the 2020 season, prompting suggestions that leading teams will invest heavily before any restrictions become governed by the regulations. The cap will not include marketing activites, driver salaries or costs...
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6y ago from MotorsportWeek.com
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