Ferrari admits it’s made sacrifices to help small teams

Louis Camilleri, admits that the Ferrari team has made some sacrifices to allow smaller teams to make money.

The new sporting, technical and financial rules that will be introduced in F1 in 2021 were presented last October, with Ferrari retaining its long-standing right of veto over any changes that the team considers contrary to its interests.

Ferrari has been receiving special payments for many years because of its status as a historic team in the Formula 1 World Championship and operates on one of the largest budgets.

But the owners of the top category of motorsport want a fairer competitive environment in the future and have therefore asked Ferrari in the various discussions about the agreements agrees to make “some sacrifices” to allow smaller structures to earn more money.

“We have mainly made some sacrifices to make money for the smaller teams and I think that’s quite important. “explained Ferrari’s Executive Director, Louis Camilleri.

“We don’t agree on all the details yet, but I think we agree on the current principles. ”

Louis Camilleri admits that discussions on the agreements have been difficult in recent months, particularly because Ferrari wants Formula 1 to preserve its DNA and its ability to continue to innovate.

“I think there has been significant progress, and given our credibility in Formula One, we are here to ensure that sport retains its fundamental DNA and its ability to continue to innovate. ”

“On different fronts, not only regarding standard parts, there have been endless discussions. I think we have reached a relatively good compromise in terms of cost capping, which now applies to the chassis. ”

It should be remembered that the limited budget of 175 million per season and per team that will come into effect in F1 in 2021 does not concern the salaries of the drivers, those of the three biggest executives of the team and the costs related to marketing.

This just in from Reddit F1 this morning, some photo’s and video footage by a drone taken of the new Formula 1 Vietnam Grand Prix track.

A redditor (u/FL_Tandem) risked all this morning, taking his drone over to the construction site in Hanoi. Reputedly already warned off by officials, the brave F1 fan wasn’t going to leave without getting footage for us, so ducked back down a side alley and lauched their drone as high as possible to avoid detection.

“So the first time I flew my drone near the construction I got rushed by a bunch of workers yelling at me to take it down immediately and to not take any pics/videos and had people follow me so that’s why the videos aren’t very good.” says Tandem,

“But I was adamant on getting some shots and walked down a back alley and flew it really high so they couldn’t see the drone hence why there was no low shots,

“But they seen it and followed it back to me and couple police rushed me and told me if I didn’t leave or if they seen it again I was going to jail.”

And actually, jail time is a very likely punishment in that part of the world, even for a simple drone flight. Aparently in Vietnam, to operate a drone you must first gain permission from the ministry of defense. Our budding reporter obviously hadn’t read that memo.

To illustrate the risks involved when working in far eastern countries, an Australian film-maker James Ricketson was sentenced to six years’ jail in Cambodia having been found guilty of espionage in Cambodia in 2017.

Ricketson, 69, said he had worked as a journalist and video documenter in the south-east Asian country since 1995 and was arrested in June 2017 for flying a drone at a political rally. He has been incarcerated since then, with the guilty verdict given this morning by a three-judge panel in the Cambodian capital Phnom Penh.

Hats off to Tandem. Maybe best avoid the area from now on though….

To view the images and movie footage, use the gallery below.