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Ferrari

Ferrari still coming to grips with budget cap restrictions

With Formula 1 teams now forced to adhere to a budget cap, Ferrari's sporting director Laurent Mekies wonders what it means for the Scuderia.

Laurent Mekies, Ferrari's sporting director, admits the proposed budget cap for Formula 1 teams of $145 million for the 2021 could have a bigger impact on the Scuderia compared to the rest of the grid.

From 2021 onwards Formula 1 teams will be restricted to spending just $145 million per season. While this is sure to benefit some teams, others such as Mercedes, Red Bull, and Ferrari will have to change their approach according to Ferrari's sporting director Mekies.

"Yeah, it's a very fair point," Mekies exclusively told RacingNews365.com, when asked if Ferrari have to be more creative given the budget cap.

"It actually goes much further than that, because in that very same winter, not only you cannot anymore do a double program or triple program as the top teams do but you have had to cut your structure.

"Whatever you are used to in terms of working practice even for a single program you have had to destroy the structures to readapt.

"So it is that equation that we will soon see the first results of and its certainly only the beginning of how it's going to shape who's going to be competitive and who is not going to be competitive in the next few years."

The $145 million cap is just the start though, Formula 1 plans to cut the cap by $5m for the next two successive years meaning teams will be restricted to spending just $135m over the course of the 2023 season.

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