Sep.15 (GMM) Ferrari CEO Louis Camilleri hopes “flexibility” in the F1 rules helps the famous Maranello team pull itself out of its “hole”.
The partisan Italian press is now blasting Ferrari after each race, with Corriere dello Sport predicting that it will take “a long time” for the situation to change.
“While the other teams develop, Ferrari sinks further and further into an unprecedented crisis,” added Corriere della Sera newspaper.
Ferrari chairman John Elkann admits that Ferrari’s “enormous history” in F1, which was marked at Mugello with the team’s 1000th race, “also creates pressure”.
He told Sky Italia: “There are many reasons why we are in this situation, but at Ferrari we do not like excuses.
“It will take time. We have a difficult season ahead of us, this year and next year, and in 2022 we will have the opportunity to restart on a new basis.”
Indeed, the corona crisis means teams are limited in the car changes they can implement between 2020 and 2021.
“There is nothing worse than giving false hopes,” Elkann added, “but we must progress for 2021. But to progress means to be on the podium, not to win.”
Camilleri agrees that Ferrari’s return to competitiveness will “take time”.
“I’m hoping with a bit more flexibility in the regulations next year we can at least step it up from where we are,” he said.
“We’re in a hole now, and we know we’re in a hole. Realistically it is going to be tough.”
Carlos Sainz is moving from McLaren to Ferrari for 2021, and he is already asking for “patience and trust” from his own fans.
“I think we have to wait,” he told El Mundo Deportivo newspaper. “F1 may change next year with a couple of regulations to slow down the cars and take away downforce.
“It is a very young project, Mattia already said that last year, and now we have to wait and see if things improve a bit. They will surely improve,” Sainz added.
“I think it is a difficult challenge but one that I want to do – to get to Ferrari, to do everything I can to improve the car, to guide in the direction that I think is the right one and prepare well for the regulation change in 2022 which for me will be the key for the next years.
“But changing a car to suddenly win races is going to be difficult,” he acknowledged.
“So I think that next year is going to be a difficult year but a year that if Ferrari hits the key of the problems and spends the ‘tokens’ in the correct areas, suddenly the year can be much better than this one.”
F1 Changes Starting in 2021 - After many months of discussions and deliberations, Formula 1’s ten teams have now agreed to the terms of the “Concorde Agreement” that binds them to the world championship for another five years.
This agreement is a contract between Formula 1, the FIA governing body and the teams which wish to compete in the F1 World Championship from 2021 to 2025 and defines how F1’s television revenues and prize money will be distributed.
Formula 1 bosses have been keen to build a strong foundation on which to secure the long-term future for the championship. As such a revolutionary new budget cap will be introduced next year, along with new technical regulations and a new set of sporting rules coming in 2022.
The Covid-19 pandemic has created unprecedented challenges for everyone in 2020, and has served as another reminder that something needed to change. Once the championship restarted, so too could the commercial agreement talks.
By changing the way the prize money is distributed, it was inevitable that some teams would be happy – as they would receive a greater share – and others less so, as they would have a smaller slice.
But ultimately, as they have increasingly done in recent months, all the stakeholders found a way to come together and compromise on the document, which they agreed to in time for the early deadline of August 18th – which brought a small financial incentive.
With the 10 teams signed up for the next five years, and the regulations and cost cap defined, Formula 1 can finally embark on a new era. The new agreement also squashes any speculation that teams like Mercedes or Haas might not be around for the long term.
The hope now is that all F1 teams can develop themselves into robust operations financially while also closing the pack in terms of competitiveness that can in turn improve the racing spectacle.
Roll on 2021!