{"id":57031,"date":"2022-08-31T14:00:23","date_gmt":"2022-08-31T09:00:23","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=57031"},"modified":"2022-08-31T02:37:09","modified_gmt":"2022-08-30T21:37:09","slug":"ferrari-doubt-formula-1s-ability-to-effectively-enforce-the-sports-budget-cap","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-sports-news\/ferrari-doubt-formula-1s-ability-to-effectively-enforce-the-sports-budget-cap\/","title":{"rendered":"Ferrari doubt Formula 1&#8217;s ability to effectively enforce the sport&#8217;s budget cap"},"content":{"rendered":"<p>Ferrari have questioned the ability of Formula 1&#8217;s governing body to police the sport&#8217;s budget cap effectively.<\/p>\n<p> Islamabad 30, August 2022 (online): Team principal Mattia Binotto said the cap was &#8220;a very green regulation&#8221;, adding: &#8220;The number of people in the FIA monitoring it is very little.&#8221;<\/p>\n<p>He said: &#8220;It has to improve for the future because it would be really bad if somehow a championship was dictated by a financial regulation and not technical or sporting.&#8221;<\/p>\n<p>His comments come in the wake of claims Red Bull will introduce a lighter car in forthcoming races.<\/p>\n<p>Red Bull have said a number of times this season that they have been working on reducing the weight of their car this year and 4kg would amount to a lap-time gain in the region of 0.14 seconds.<\/p>\n<p>Asked whether this was Red Bull&#8217;s plan, team principal Christian Horner said: &#8220;No, there is no [lighter chassis]. These chassis will run for the next few races.&#8221;<\/p>\n<p>And asked whether the team would stay within the budget cap this year, a spokesperson said: &#8220;Yes, we have had less upgrades than Ferrari and Mercedes.&#8221;<\/p>\n<p>Asked about the governing body&#8217;s monitoring budget cap procedures, an FIA spokesperson said: &#8220;The FIA is committed to robust monitoring processes and will continue to strengthen, develop and refine all areas of its activities in this new era of Formula 1.&#8221;<\/p>\n<p>Red Bull are widely expected to introduce a new, lighter chassis before the end of the season<\/p>\n<p>Binotto said: &#8220;I cannot know what they are doing, if they have a [lighter] chassis or not, but the budget cap is always a concern.<\/p>\n<p>&#8220;The financial regulations can make differences between teams in the way they are interpreting and somehow executing it.<\/p>\n<p>&#8220;And we know we need a very strong FIA to make sure they are properly focusing, otherwise the regulations will not be fair and equitable.<\/p>\n<p>&#8220;Ferrari would never be capable of introducing a lightweight chassis or a different chassis through a season simply [because of the] budget cap and I would be very surprised if a team is capable of doing it.<\/p>\n<p>&#8220;And if they are, it is back to the regulation itself &#8211; is it fair enough, is it equitable enough, is the policing sufficient?&#8221;<\/p>\n<p>Mercedes team principal Toto Wolff said: &#8220;We wouldn&#8217;t be able to introduce a chassis at that stage of the season. We are massively overweight, which we haven&#8217;t been able to sort out because we are trying parts on the car in order to solve our various issues, so can&#8217;t afford that, full stop.<\/p>\n<p>&#8220;So what was aimed for by introducing the cost cap absolutely hit the target. It is what they wanted to achieve. The big teams can&#8217;t just throw money at it.&#8221;<\/p>\n<p>The budget cap was introduced in 2021 and was set at $140m (\u00a3119m) this season, but teams have been permitted a 3.5% overspend because of the rise in inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ferrari have questioned the ability of Formula 1&#8217;s governing body to police the sport&#8217;s budget cap effectively. Islamabad 30, August 2022 (online): Team principal Mattia Binotto said the cap was &#8220;a very green regulation&#8221;, adding: &#8220;The number of people in the FIA monitoring it is [&#8230;]<\/p>\n<p>\n","protected":false},"author":2,"featured_media":57032,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-57031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-sports-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ferrari doubt Formula 1&#039;s ability to effectively enforce the sport&#039;s budget cap<\/title>\n<meta name=\"description\" content=\"Ferrari doubt Formula 1&#039;s ability to effectively enforce the sport&#039;s budget cap\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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