Ferrari CEO Louis Camilleri speaking to media lunch at Maranello last week confirmed that the evolution to the 2021 Formula 1 regulation comes at a high price and thus his team will be afforded extra resources for the new era.
Seated alongside team principal Mattia Binotto, Camilleri said that a bumper financial year for the sportscar manufacturer, including the launch of the SF90 Stradale hybrid, had led to “a lot of smiling faces” at Maranello.
Integral to that is the F1 team, he explained, “We are one company and the car business funds Mattia’s business. We’re also prepared to invest and luckily the car business can support those investments, not only in terms of people but also in terms of infrastructure.”
Binotto added “Yes, it will be significantly more expensive. The budget we’ve got available is the one that’s needed. Certainly, the number of projects in parallel are significantly more compared to the past.
“We all started very early on the 2021 car. So yes, there will be significant extra budget next year, not only about money but resources – extra people would be required to run the programs. I think it’s got to be a situation to be managed right now.”
This is exactly what midfield teams did not want to hear, as the extra funding available to Ferrari and of course Mercedes, as well as the Red Bull-Honda partnership, will dwarf what The Rest can bring to the table.
The ‘damage’ is being done right now as 2021 cars are already well into the early stages of production, rendering the $175-million budget cap for the new era almost irrelevant as big money is already being spent.
With regards to Biniotto’s first year in charge of the sport’s most famous team, Camilleri said, “We need patience, we need stability and serenity.
“If you look back in the history of F1, where teams have done very well, be it McLaren, Ferrari in the good old days, Red Bull or today Mercedes, there is one common thread, which was that there was a lot of stability within the team.
“They learned to work very closely together. That is something we are very focused on. Mattia has been spending a lot of time to ensure that we have a cohesive, united team,” added Camilleri.