F1 has introduced a whole new financial regulation for the 2021 season to apply a new budget cap of $ 145 million per year for each team.
Under the financial regulations, F1 lawmakers are allowed to sanction teams for infractions through financial penalties, minor sporting penalties, heavy sporting penalties, or enhanced oversight.
Mercedes team manager Toto Wolff said on Saturday that three teams – later named Ferrari, Red Bull and AlphaTauri – voted against sports sanctions for breaches of the financial cap.
But Binotto said on Sunday he did not know what Wolff was referring to, saying there was no formal vote on the issue at the F1 Commission meeting.
He said it was because discussions in a committee of financial advisers before the F1 Commission showed that there was “no unanimity on these sports sanctions” for procedural violations under the financial regulations. .
This prompted all three teams to indicate at the F1 commission meeting that they wanted more clarity before they could formally vote in favor of the use of sports sanctions for such offenses.
“The text or wording that was submitted to the F1 Commission did not include sporting issues,” Binotto said.
Esteban Ocon, Alpine A521, Carlos Sainz Jr., Ferrari SF21, Charles Leclerc, Ferrari SF21, Pierre Gasly, AlphaTauri AT02, Sebastian Vettel, Aston Martin AMR21, Antonio Giovinazzi, Alfa Romeo Racing C41, and George Russell, Williams FW43B
Photo by: Steven Tee / Motorsport Images
“But the point was discussed at the F1 Commission, although it was not voted on [on].
“This has been discussed, and a few teams, including Ferrari, indicate that we first think that we should clarify some timelines, to make sure everything is clear, and we can apply in addition to financial sanctions, as well as sanctions. sports. for non-compliance with procedures. “
Binotto said he hoped clarity would be assured “very soon” after which a formal vote could take place, and stressed that Ferrari was not opposing Mercedes on the issue.
“As soon as this clarification occurs, we can have an electronic vote shortly thereafter, and ensure that we include the sports sanctions,” Binotto said.
“I think in terms of sport [penalties], in principle, all the teams were in agreement. Some of us want to clarify some timelines first.
“We just need everything, with the FIA, [get] a few clarifications first, but I do not think that in the intentions, we are in opposite positions. “
Discussions between the teams and the FIA on the finer details of the financial regulations are expected to continue in the coming weeks.