Tag Archives: Formula 1

The Italian Pandemic Decision Complicates F1’s Mandate of Budget Limits for Ferarri | Instant News

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  • Ferrari is expected to make some massive personnel cuts to reduce its budget for the 2021 season.
  • Business in Italy is currently limited in its ability to lay off employees during the COVID-19 pandemic.
  • Ferrari, Red Bull and Mercedes are each believed to have spent more than $ 400 million on their Formula 1 program.

    While the top-spending Formula 1 teams – namely Ferrari, Mercedes and Red Bull – prepare for staff cuts as F1 enters an era of budget constraints in 2021, Ferrari team chief Mattia Binotto hopes to ease the pandemic on the plan a little.

    The F1 team has agreed a budget cap of $ 145 million for 2021. The limit is a light cap because many expenses do not count towards the limit, including driver marketing costs, driver salaries and the top-paid fees of three team personnel. However, the “Big Three” sports are believed to spend over $ 400 million annually on their program.

    F1 Grand Prix from Portugal

    Ferrari team head Mattia Binotto

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    Ferrari, according to Forbes, spending nearly $ 570 million in Formula 1. Nearly $ 100 million of this is dedicated to staff, with the combined salaries of drivers Sebastian Vettel and Charles Leclerc accounting for nearly half that figure.

    Binotto knows that layoffs and store reassignments are coming. He just hopes he doesn’t have to cut too many cuts during the pandemic.

    Things are tricky for Italy-based Ferrari Italian Pandemic Decision, which only allows layoffs in the country during the COVID-19 pandemic if the company “permanently ceases operations through liquidation, declares bankruptcy without resuming operations temporarily, or enters into collective agreements with trade unions aimed at encouraging voluntary separation of employees”.

    “Knowing the COVID situation, the fact that it is very difficult to lay off people, lay off people in that period,” Binotto said Friday in Bahrain. “Knowing that too in terms of messages, it would be very wrong, I think, to stop people when we are in a COVID pandemic situation, and I think the fact that the pandemic is not over and we still have now, let me say, is an emergency problem.”

    F1 Grand Prix from Belgium

    Even without budget constraints, Ferrari has struggled to be competitive in 2020. The team is sixth in the F1 Constructors Championship standings, which is the lowest position in 40 years.

    Clive Mason – Formula 1Getty Images

    Binotto hopes the FIA ​​and Formula 1 will at least revisit budget ceilings in terms of personnel until the pandemic subsides.

    “The mechanism needs to be reviewed, and in the end we should try to delay the mechanism, at the end of this year,” said Binotto. “I think, once again, as socially responsible, it will once again be very bad for business people during COVID, and knowing that we need to do it right away, we don’t believe it will be the right approach – so this is something I really want and I do. I want and will discuss it with the FIA ​​to understand, and with other teams, is there any possibility to accommodate situations that are still emergency?

    “That’s on the one hand. On the other hand, as you say, how we organize ourselves. Obviously we are trying to restructure our whole team. We have somehow … we are trying to relocate people in road cars because we are still a company. which is very big. These are some of the opportunities we have, but it is a tough exercise that we have started. The solution is not clear. ”

    Will the $ 145 million budget limit help even the playing field in Formula 1? Let us know what you think in the comments section below.

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F1 GP Brazil will stay at Interlagos until 2025 because Rio’s steps are intermittent | Instant News

The Formula 1 Brazilian Grand Prix will stay at Interlagos until 2025 after a new long-term agreement is reached, according to the governor of Sao Paulo.

The historic venue, which has held races every year since being shortened in 1990, will be replaced by a new circuit in Rio de Janeiro starting next year.

However, the company behind the project, Rio Motorsports, is facing an uphill battle obtain the necessary environmental permits to continue construction facility, which is located on the outskirts of the town of Deodoro.

Amid questions over whether the circuit will be built, F1 owners Liberty Media returned to Sao Paulo, despite previously arguing over their last contract, negotiating with Bernie Ecclestone, which saw Interlagos host the Brazilian Grand Prix for free.

And after being included in the provisional 2021 calendar earlier this week, it looks like the future of racing is secured.

“The Interlagos race track has been confirmed to host F1 for the next five years,” state governor Joao Doria said at a press conference earlier this week.

“The contract will be signed by [Sao Paulo] Mayor Bruno Covas and Liberty Media, F1 rights holders.

“This is a big win for the city of Sao Paulo, this is a big win for the state of Sao Paulo and for Brazil.”

Some reports claim the race will become known as the Sao Paulo GP under the new agreement, and there is definitely no love lost for those trying to take F1 away from the city.

“The understanding we have maintained since last year with Liberty Media is based on the right instruments, with race tracks that are approved by riders, by teams, and for over 30 years, having hosted the Brazilian Grand Prix,” added Doria.

“We don’t make speculations, we don’t make artificial projections, we don’t promise investments that can’t be made.”

F1 is also known to have canceled the broadcast rights agreement made with Rio Motorsports, and it is not known where the company will continue their project going forward.


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F1 to continue despite the UK’s new closing round | Instant News

Formula 1 will seek to finish the 2020 season even though Great Britain is on a new lockdown in response to the COVID-19 pandemic which will last until early December.

The 2020 season was postponed to early July due to the coronavirus, only to restart when Britain steps out of restrictions and with the consent of the host nations. However, both the number of cases and infection rates have risen in many parts of Europe, leading to new locks being put in place.

While the UK – where F1 itself is headquartered like seven teams and several suppliers – has previously attempted a regional lockdown approach, Prime Minister Boris Johnson has now imposed a new national lockdown that will start on Thursday, November 5, and end. in early December.

Despite the lockdown, elite sport is allowed to continue due to their strict testing protocol, meaning F1 will be allowed to try to finish its season even though international travel has been severely restricted. The sport has accepted an exemption so that those involved do not need to be quarantined when returning to the UK from abroad, and hopes that will continue following recent talks with the government.

Under the lockdown measures, the main threat to the sport is whether any race organizers in Turkey, Bahrain or Abu Dhabi choose not to continue their racing.

When the lockdown was widely reported but could not be confirmed, Mercedes team boss Toto Wolff expressed confidence that F1 would be able to finish the season.

“I think the lockdown that we see in Europe now is very different from the lockdown in the spring,” said Wolff. “In spring, it’s a complete cessation of any activity. This time, from what we see from Germany and France, access to pubs, restaurants and recreation areas has been stopped or curfews, but going to work is still permitted for those who need to go to work.

“It’s going to have an impact on our lives, that’s for sure – it’s going to have a huge impact on several industries – but I think we can find a way to solve it.

“You never know if we can do all the remaining races because obviously the question of health comes first,” continued Wolff. “To get right to your final question, it is in the hands of the health authorities of the countries we visit to receive us. If those guys decide it’s too risky, then obviously we can’t race there.

“In terms of the decision-making process, I believe that Formula 1 has really done a great job – (and by that) I mean the FIA, the FOM and the teams running the championship as opposed to other (series) being held in in a much reduced or very limited way in some areas. We have traveled from country to country, we remain in our bubble, we have very few positive cases of COVID; and that’s why I don’t think we’re really at risk for the countries we visit because we’re probably the safest group of people out there.

“But who am I to judge? Someone who is more understanding about the medical situation will provide input and will have a voice; and the FIA ​​and FOM only need to (accept) their guidance. “


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Brazil is out, Saudi Arabia is on the leaked provisional F1 calendar 2021 | Instant News

A first look at the potential of the 2021 Formula 1 calendar has leaked with some changes included.

This season, F1 will have to adapt and cope with the Covid-19 pandemic, canceling its original schedule for a new 17-race championship based in Europe with the final triple-header in the Middle East.

As noted by CEO Chase Carey this week, F1 aims to return to a more normal calendar next year, starting once again in March and ending in early December in Abu Dhabi.

22 races are also expected, just as originally intended in 2020, while no new races included in the revised calendar are maintained.

There is some conflicting information regarding where exactly the championship will start, such as Racer Australian reports will remain the opening race, in the interim F1i.com claim Bahrain will have the honor with Melbourne turning to October.

Commenting on a potential 2021 date earlier this month, Australian GP CEO Andrew Westacott hinted that all options were on the table.

“Our discussions with Formula 1 and also with Dorna, who runs MotoGP, are carried out regularly and are very, very positive in every way,” MotorsportWeek citing him as telling SpeedCafe.com.

“What I know for these two motorsport calendars is that they both intend to put out their provisional calendars for the 2021 season in mid to late October.

“What this means for Formula 1 is that Melbourne will be in the opening slot for the traditional March season on the provisional calendar.

“What it means for MotoGP is that Phillip Island will be in its traditional slot at the end of October on the MotoGP calendar.”

However, Westacott made it clear that one thing Australia could not happen to be a repeat of last-minute cancellations at F1 this year.

“We are adopting an approach that, if you want to use the wording, is modular, extensible, adaptable, flexible, and has to be sensible and very, very secure,” he added.

“My optimistic approach is that we will be ready to have an audience at Albert Park by the end of March.

“[But] Grand Prix companies, governments, and Formula 1 all have to realize that decisions have to be made on this side of Christmas.

“It will be, obviously, a collective decision, but once it is locked up, we need to commit because it’s not in anyone’s interest to cancel the March cancellation this year.”

At another place, F1i.com placing Baku in April, having initially moved back to June for the year before the cancellation, while the Vietnamese and Dutch GPs retained their start dates for their season.

Spain, which has yet to announce a new racing contract for next year, is also included, while the rest of the European season will return to normal pre-Covid conditions.

The only new race for 2021 will be the entry of the GP of Saudi Arabia on the streets of Jeddah, immediately taking place at the November Brazilian Grand Prix.

This is because the Interlagos contract expires at the end of this year, and the construction of a controversial new circuit in Rio de Janeiro now looks unlikely to be ready in time, if it keeps going at all.

see F1i.com complete temporary calendar below.

1 Bahrain GP (Bahrain) March 14th
2 Vietnamese GP (Hanoi) March 28
3 Chinese GP (Shanghai) April 11th
4 Azerbaijan GP (Raw) April 25th
5 Dutch GP (Zandvoort) May 2nd
6 Spanish GP (Barcelona) May 9th
7 Monaco GP (Montecarlo) 23 May
8 Canadian GP (Montreal) June 6
9 Austrian GP (Spielberg) 20 June
10 French GP (Paul Ricard) 27 June
11 British GP (Silverstone) July 11th
12 Hungarian GP (Budapest) July 25th
13 Belgian GP (Spa) August 29
14 Italian GP (Monza) September 5th
15 Russian GP (Sochi) 19 September
16 Singapore GP (Marina Bay) 26 September
17 Japanese GP (Suzuka) October 10th
18 Australian GP (Melbourne) October 24th
19 US GP (Austin) November 7th
20 Mexican GP (Mexico) November 14th
21 GP of Saudi Arabia (Jeddah) November 28th
22 Abu Dhabi Grand Prix (Yas Marina) November 5


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Australia is still lining up to host the 2021 F1 season opener | Instant News

The 2021 Formula 1 season will still start in Australia despite the COVID-19 pandemic, while new street races in Saudi Arabia are also likely to join the calendar.

The 2020 season schedule had to be completely revised due to COVID, with the new championships officially kicking off in Austria in early July with consecutive races at the Red Bull Ring. Initial attempts to start 2020 in Melbourne as planned were canceled on Friday’s race weekend after a member of McLaren’s team tested positive for the virus, and caused the sport to shut down as the world deals with a global outbreak.

Now that the schedule of 17 races has been completed which will end in Abu Dhabi on December 13, attention has turned to the 2021 plan which is still proving very challenging due to the uncertainty of the COVID situation ahead.

Australia has very strict travel restrictions to control the virus, and currently only returning Australian citizens, residents and those with special permits are allowed into the country. The majority must be quarantined for two weeks, and there is a limit of 4,000 people per week that can enter, but those restrictions have not stopped plans to start the 2021 season at its traditional Melbourne location.

Albert Park is slated to kick off a calendar of 22 races – the same number of races originally on this year’s schedule – with the RACER understanding that at least one new addition is likely to be added in the form of street races in Jeddah, Saudi Arabia, later in the year. There has been increased Saudi investment in the sport in recent years, including the arrival of energy company Aramco as a global partner and race sponsor this season.

Plans for the 2021 calendar remain provisional due to the COVID-19 situation, with an increasing number of cases in Europe seeing further restrictions imposed in many countries – including the UK where F1 is based – in recent weeks.


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