In an effort to level the playing field, F1 is already bringing in a restriction of $175 million in 2021 – of course, with things like driver salaries excluded – and the teams had agreed to lower that amount to $150 million in response to the current COVID-19 pandemic.

But Ferrari team principal Mattia Binotto believes that the solution does not lie in an equal spending cap as different teams have different capacities of operating, and it is how the team is structured that should determine the amount.

Speaking to Sky Sports, Binotto stated that teams that are constructors like Ferrari and Mercedes designs, develops, and produce every single component of their cars, while other teams are customers and they do not have the same structure since they are buying the parts instead and do not have to go through all the aforementioned process of making parts.

“So I think when discussing a budget cap we should not forget that we’ve got different situations and it’s important that we find a common ground somehow that is fitting to the different situations. And maybe the answer is not a single budget cap equal for all the teams.”

“But more importantly we had a meeting with all the teams, FIA and F1, and it has been a constructive and positive meeting. I think there are still analyses that are required to make the right decisions.”

How does this sound to you? Makes total sense, or is Binotto just trying to protect Ferrari’s interest in the sport? Let us know in the comments section below!