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Arrivabene: F1's finances going in the wrong direction

Arrivabene: F1's finances going in the wrong direction

13-12-2018 19:00 Last update: 19:04
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Bobby Vincent

Ferrari team principal Maurizio Arrivabene has claimed that the Formula One costs are increasing instead of decreasing.

Liberty Media are expected to introduce a budget cap for the 2021 season; in an attempt to try and make the sport a more competitive one.

There are big names in the paddock who have warned F1's owners that time is running out regarding the changes, but Arrivabene has called for patience for the changes to be made.

"Time is quite tight, you know better than me," the Ferrari team principal admitted to GrandPrix247. "So we need to move quickly - but in the meantime we need to avoid any move that could damage our company.

"I'm talking about Ferrari as I think my colleagues, they are talking about the company that they are representing. We don't have any hurry to move forward and maybe to create a mess.

"Talking about something that is in front of us now: We have regulations for next year, they were supposed to give more possibility to the overtaking, at the moment the first feedback that I got from our drivers is that most probably that objective is not achieved.

"The result is that we are spending a huge amount of money next year to change our car, then we need also to sit together and to understand how could be the situation for the engine cost for 2021 and maybe thinking about a cost-cap but at the moment, I'm seeing costs that are increasing instead of decreasing.

"So, we need to stop a bit and, instead of rushing, we need to think about what we are doing now, because what we are doing now, it could potentially influence future decisions."https://www.gpblog.com/en/tag-news/scuderia-ferrari