FERRARI CHARIMAN LUCA DI MONTEZEMOLO HINTS AT POSSIBLE INCREASE IN F1 BUDGET TO ATTRACT TOP TALLENT SUCH AS RED BULL ENGINEER ADRIAN NEWLEY
Ferrari Chairman Luca di Montezemolo has suggested that he is willing to increase Ferrari’s budget to get the Formula One team back to its winning ways. One of these budget busting attempts may include going after the highest paid engineer in Formula One, Adrian Newey.
Ferrari definitely has the money to go after Newey, The Financial Times states that Ferrari recorded “record revenues, profits and cash flow” last year, with a net profit well over $330 million.
Spending more to get Formula One talent is not the only change that Ferrari has made lately in an attempt to save the 2014 season. Ferrari recently fired team boss Stefano Domenicali. Suspicions that Montezemolo was willing to increase the Ferrari budget were the results of a quote posted by the La Gazzeta dello Sport that stated, “Given heavy investment and F1, which requires an exceptional effort economically to recover the gap to the opposition.”