Ferrari Boss Fred Vasseur Explains $10,000,000 Advantage Every Team Has Under the Cost Cap

Sabyasachi Biswas | 16/08/2023
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Ferrari team principal Fred Vasseur has recently made a startling revelation where he commented on the huge monetary advantage every team has under the current cost cap. The French boss, who was not happy with Red Bull’s cost cap penalty, said each team has around $10,000,000 advantage, according to Dutch Racingnews365.

Vasseur was left unimpressed with how Red Bull’s penalty was played out. The Prancing Horse supremo is of the opinion that the Austrian team did not receive any sporting punishment for breaching the cap such as points deduction.

Instead, they received a fine, which the former Alfa Romeo honcho feels was not enough. As the Milton-Keynes-based team won 12 races out of 12 rounds, there is an obvious reason why Vasseur feels the punishment was not enough.

Vasseur reveals the massive $10 million advantage

Fred Vasseur has recently opened up on the monetary advantage each team has under the current budget cap season, which is $135 million. The Frenchman has argued that teams can wrap up their entire development within $125 million and still have $10 million left.

Speaking of this, he said, “If you have a budget of 135 million, 80 of that already goes to staff, another 20 million to costs for a race, materials, brakes, and so on. Four chassis/ Making cars at the start of the season also costs about 20 million. Then you already end up with about 120-125 million. This is about the same for everyone.”

So there is about 10 million euros left over to develop the car. If you go a few million over your budget, then you shouldn’t look at the total 135 million euros, as has been said,” further added the 55-year-old boss. Admittedly, Vasseur’s comment has come amid Ferrari’s budget cap breach rumors.

Ferrari is rumored to have at risk of breaching the cost cap

Even after a minor adjustment and allocation of $1.4 million to $1.8 million for a series of extended races, Ferrari is at risk of breaching the $135 million mark. It was reported that they got away slightly in 2022, but this year, things might not get lucky for the Italian team.

Even though the final reports are still pending and it will be interesting to see if Ferrari can finish the season within the limit. However, if they cannot, they will be in big trouble.

Going by the same level of punishment that Red Bull received, Scuderia Ferrari will see doomsday. This is primarily because they do not have the massive advantage that the Austrian team has over the grid. As things stand, they now need to scrutinize everything, before they invest in further development this season.

Post Edited By: Shreya Sanjeev

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Sabyasachi Biswas

Sabyasachi Biswas is an F1 journalist at The SportsRush. With over one and a half decades of love for the sport and five years of experience in the field, he dreams to be a regular at the paddock when the lights go out. A Red Bull fan and F1 fan in general over the years, he enjoyed watching Felipe Massa, Sebastian Vettel, and Max Verstappen dominate the track. Apart from F1, he's also a big-time Madridista and Federer fanatic. He was a sub-junior level footballer, won inter-district quizzes and debate competitions back in school. A travel freak throughout, he tries different cuisines and learns new cultures whenever he's away from the keyboard.