P1racenews AI automatic summary:
Ferrari’s vice-chairman explains how budget cap restrictions have made it tougher for the Scuderia to claw its way back to championship-winning form.
According to Piero Ferrari, it has become more challenging for a Formula 1 team to narrow the gap to the leading teams due to the cost cap implemented in 2021. The 80-year-old’s comments came amidst Ferrari’s prolonged title drought, with their last championship win dating back to 2008. Historically, Ferrari has had an advantage over rivals financially, but the spending restrictions in place prevent them from simply outspending to solve their issues. Piero Ferrari believes the cost cap has created a significant challenge for F1 teams in catching up to the front. Despite the difficulties, he remains optimistic about Ferrari’s ability to return to the forefront in the sport. Ferrari’s vice-chairman emphasizes the importance of combining multiple winning factors to change the team’s trajectory in a positive direction.
