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Ferrari increases its F1 budget by €100million


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#1 johnmhinds

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Posted 28 March 2015 - 11:20

http://www.grandprix...rmula-1-budget/

 

Reports have emerged that Ferrari is closing the gap to dominant Mercedes in the old fashioned way, namely throwing money – make that lots of money – at the their F1 team.

 

The fabled Maranello marque has made a big step forward over the winter, leapfrogging Red Bull and Williams to become clearly the second force in 2015.

 

“The Ferraris look great,” said reigning world champion and Melbourne winner Lewis Hamilton on Friday in Malaysia. “They really do.”

 

Now, La Gazzetta dello Sport reports that Ferrari has ramped up its financial attack on Mercedes, increasing its F1 budget for 2015 from €270 to €370 million.

 

“We were looking forward to Williams, to Red Bull, at the beginning,” said team boss Maurizio Arrivabene. “Now, we need to start to be a bit more convinced about ourselves and to reduce the gap to the Mercedes guys.”


 

Pure insanity...  :drunk:


Edited by johnmhinds, 28 March 2015 - 11:21.


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#2 Risil

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Posted 28 March 2015 - 11:23

What's the problem? This is Formula One.



#3 kimster89

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Posted 28 March 2015 - 11:24

They shuld have done this a lot earlier. Money was never a problem for Ferrari and i dont buy this financial fair play bullshit.



#4 Massa

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Posted 28 March 2015 - 11:26

Like Arrivabene said at Manor during Melbourne weekend, " no money, no honey " so ..



#5 Seanspeed

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Posted 28 March 2015 - 11:26

La Gazzetta hasn't said one truthful thing regarding Ferrari all throughout winter testing and through the start of the season.

I'm not buying it, sorry. They simply aren't a trustworthy source.

#6 stewie

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Posted 28 March 2015 - 11:40

Best way to make a small fortune is start with a large one, as they say.



#7 Brazzers

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Posted 28 March 2015 - 11:46

When Ferrari plan on floating their shares on the stock exchanges these sort of information would be public.

 

 

I'd hold my judgement until information like this can actually be proved. 



#8 pdac

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Posted 28 March 2015 - 12:39

Whilst the smaller teams spend money that they don't have and, often, can't afford, I have no problem with the big teams spending. I think it is totally ridiculous, but that's a problem with F1 as a whole, not individual teams. It's the system that sucks.



#9 BCM

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Posted 28 March 2015 - 12:48

So much for the new regulations saving people money...

 

Just let the teams do what they want with development. This whole token/engine freeze thing is a waste of time.



#10 Peter Perfect

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Posted 28 March 2015 - 12:53

Mercedes spent a huge wad to get into a dominant position, no reason why Ferrari can't do the same to catch up.



#11 Fastcake

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Posted 28 March 2015 - 12:58

What will Ferrai do if they still don't win after throwing even more money at it?

#12 Exb

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Posted 28 March 2015 - 13:17

Now, La Gazzetta dello Sport reports that Ferrari has ramped up its financial attack on Mercedes, increasing its F1 budget for 2015 from €270 to €370 million.



ahhh, €100million - that's just to pay off Alonso for his final 2 contracted years :p



#13 YoungGun

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Posted 28 March 2015 - 13:18

What will Ferrai do if they still don't win after throwing even more money at it?

 

Threaten to leave F1 like RBR? :p



#14 AlexS

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Posted 28 March 2015 - 13:31

This was already known that will be a consequence of Marchionne arrival.  Fiat Group after Schumacher dream team departure made very stringent rules regarding money for Ferrari, more or less : you are on your own. 

 

With top Fiat dog reputation in line things change and money appears.


Edited by AlexS, 28 March 2015 - 13:31.


#15 AlexS

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Posted 28 March 2015 - 13:33

Btw i find amusing that those people that usually talk about F1 money and how it is very expensive blah blah the driver salaries never came up in their narrative.


Edited by AlexS, 28 March 2015 - 13:33.


#16 ConsiderAndGo

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Posted 28 March 2015 - 13:34

Lol. Absolute garbage.



#17 Huffer

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Posted 28 March 2015 - 14:47

Even if this is true; so what? Looking at the budgets for last season, Ferrari were only a little bit below RBR in terms of budget at 410 million. They may be chucking money at the problem, but it seems to be going to good use. At least they're not doing a Toyota and failing to see any gains from the spending.

I wonder how much this will push out Merc's spending though? Last year they were at 300 million which was double the budget Williams had, but "only " 70 million shy of McLaren. 



#18 ninetyzero

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Posted 28 March 2015 - 17:56

They should just get rid of the racing and give the championship to whomever spends the most. This is why F1 needs a cost cap of some sort.



#19 quaint

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Posted 28 March 2015 - 18:10

They should just get rid of the racing and give the championship to whomever spends the most. This is why F1 needs a cost cap of some sort.

 

Care to elaborate on the last bit? Do you think Ferrari is living beyond their means, or that you don't think much of gaining an advantage through spending money (which is rumoured), which is pretty commonplace everywhere in our societies?



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#20 MikeV1987

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Posted 28 March 2015 - 18:14

They should just get rid of the racing and give the championship to whomever spends the most. This is why F1 needs a cost cap of some sort.

Well, spending a lot didn't help Toyota much  :p



#21 ninetyzero

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Posted 28 March 2015 - 18:15

Care to elaborate on the last bit? Do you think Ferrari is living beyond their means, or that you don't think much of gaining an advantage through spending money (which is rumoured), which is pretty commonplace everywhere in our societies?

 

Just because it's commonplace doesn't mean it's right. F1 should be about who is best, not about who has the biggest bank account.It's ridiculous that half the grid is struggling to survive and Ferrari can just throw another 100 million at the team no problem.



#22 WilliamsFan25

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Posted 28 March 2015 - 18:45

wow way to kill the privateer teams



#23 ingegnere

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Posted 28 March 2015 - 18:58

Even if this is true; so what? Looking at the budgets for last season, Ferrari were only a little bit below RBR in terms of budget at 410 million. They may be chucking money at the problem, but it seems to be going to good use. At least they're not doing a Toyota and failing to see any gains from the spending.
I wonder how much this will push out Merc's spending though? Last year they were at 300 million which was double the budget Williams had, but "only " 70 million shy of McLaren.


Do these numbers include engine development costs for the engine suppliers?

#24 Huffer

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Posted 28 March 2015 - 19:15

Do these numbers include engine development costs for the engine suppliers?

 

No. I think Merc's engine development costs came in at something like 200 million spread over a two to three years, but that's not part of the F1 team's budget. 



#25 Paco

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Posted 28 March 2015 - 21:30

No one can tell you what the development costs are for manufactures, Purely impossible as they'll take resources from non racing ops so anyone that throws a figure is pure hogwash, that's why a budget cap is pointless and meaningless, impossible to ever figure it out, even if audited by an 3rd party impartial accounting firm, multinational manufacturers easily hide the costs but not even that, by using contractorsm internal non racing staff who are paid by other departments make it meaningless to figure out.

Gotta love ballooning budget due to cheap engines of these new pu .. Lol. Will fans ever understand the stupidity in bringing down costs for the minnows when you have huge whales with huge appetites and food around.

Edited by Paco, 28 March 2015 - 21:33.


#26 Paco

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Posted 28 March 2015 - 21:35

This f1 manufacturers and money

<img src="http://i.dailymail.c...-18_964x813.jpg"/>

#27 FLB

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Posted 28 March 2015 - 21:39



Well, spending a lot didn't help Toyota much  :p

And multiple teams before them. Ligier had something like the fifth biggest budget in 1990 and failed to score a point. Money does not guarantee success, though lack of money is pretty much a death sentence.

 

 

This is why there are people who believe that the best way to measure a racing team's performance is:

 

Average Finish / $ Spent



#28 KingTiger

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Posted 28 March 2015 - 21:59

:down:  They can't win properly



#29 eff1fan

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Posted 28 March 2015 - 22:10

:down:  They can't win properly

 

What would you consider the proper, perhaps buying a winning team and sticking your name on it?



#30 KingTiger

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Posted 28 March 2015 - 22:20

What would you consider the proper, perhaps buying a winning team and sticking your name on it?

 

If you're talking about Mercedes, they've always been frugal and have won due to clever ideas, not because they threw the most money at it. 


Edited by KingTiger, 28 March 2015 - 22:20.


#31 ensign14

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Posted 28 March 2015 - 22:41

Well done Ferrari.  Tell the world just how much faith you have in your staff's intelligence.  :up:



#32 TDC Racing

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Posted 28 March 2015 - 22:46

If you're talking about Mercedes, they've always been frugal and have won due to clever ideas, not because they threw the most money at it. 

 

Clever ideas cost money. The more ideas you have, the more resources in time, money and manpower it costs to test them all



#33 nosecone

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Posted 28 March 2015 - 22:50

Ok Bernie, you can stop giving Ferrari extra payments, they have enough money



#34 eff1fan

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Posted 29 March 2015 - 02:04

If you're talking about Mercedes, they've always been frugal and have won due to clever ideas, not because they threw the most money at it. 

 

you missed the point



#35 The Passenger

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Posted 29 March 2015 - 02:28

When Ferrari plan on floating their shares on the stock exchanges these sort of information would be public.

 

 

I'd hold my judgement until information like this can actually be proved. 

 

Yep.  

 

It's only being reported by a couple of no-name "news" outlets on Google.  

 

This isn't news, it's not even gossip.  It's clickbait to feed on the Ferrari name.



#36 V8 Fireworks

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Posted 29 March 2015 - 02:56

What's the problem? This is Formula One.

 

Does this mean that Alonso is not good enough for Ferrari to do this for Alonso?

 

Just terrible.

 

At least they can hire Ricciardo to show Vettel how to drive properly.... 

 

How can Vettel be so lucky, terrible, just terrible  :down:  :down:


Edited by V8 Fireworks, 29 March 2015 - 02:57.


#37 V8 Fireworks

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Posted 29 March 2015 - 02:58

Even if this is true; so what? 

 

 

It is UNFAIR to Alonso's valiant efforts, that's what!



#38 Atreiu

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Posted 29 March 2015 - 04:57

Btw i find amusing that those people that usually talk about F1 money and how it is very expensive blah blah the driver salaries never came up in their narrative.

 

You mean put a cap on the earnings of the guys who actually race the race cars while everyone else runs free?



#39 Atreiu

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Posted 29 March 2015 - 05:01

Ferrari's alleged budget increase is both perfectly reasonable and insane.



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#40 Ferrari2183

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Posted 29 March 2015 - 05:15

Just because it's commonplace doesn't mean it's right. F1 should be about who is best, not about who has the biggest bank account.It's ridiculous that half the grid is struggling to survive and Ferrari can just throw another 100 million at the team no problem.

Ah. Finally putting that FOM money to good use.

#41 Ferrari2183

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Posted 29 March 2015 - 05:20

It is UNFAIR to Alonso's valiant efforts, that's what!

Lol.

Alonso is happy where he is. Actually he keeps stressing it...

Maybe you should too

#42 Seanspeed

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Posted 29 March 2015 - 06:51

You can tell how many people are not just willing, but eager to believe a completely unsubstantiated claim from a lousy source.

What's worse is that this will be treated as gospel by some in the future, inevitably used anytime they want to downplay what Ferrari have achieved.

Edited by Seanspeed, 29 March 2015 - 06:53.