All budget cap issues between Formula 1 and the Ferrari team seem to be settled.
The rumors about Ferrari’s departure from F1 races started after The Guardian published an article with the team’s principal Mattia Binotto. While not giving any direct statements, he spoke about a domino effect of financial struggles that the cost-cap could potentially create.
Back in 2019 F1 set up a $175 million budget level for 2021. But the COVID-19 pandemic affected the initial plans drastically, reducing it to $150 million per team. It was rumored that F1 still considered lowering it to $130 million.
That could seriously affect the workers on Ferrari’s manufacture in Maranello, said Binotto.
But on April 23rd Sky Sports News posted an exclusive interview with Mattia Binotto where he reassured the fans that Ferrari would continue to be committed to F1. Emphasizing that the races future depends on rational decisions, he mentioned the importance of not being too emotional.