Reports of biggest Formula One budget 'fantasy' - Ferrari

Ferrari's The Horse Whisperer calls the budget a fantasy.

Nov.27 (GMM) Ferrari has hit back at reports in a famous British magazine that its budget is the highest in Formula One.

Autosport said Ferrari's annual budget is EUR 250 million; 15 more than world champions Red Bull, and a whopping 90 million higher than any other team.

The fabled Italian team's anonymous website columnist The Horse Whisperer, however, hit back by insisting the figures are "fantasy", which have drawn "even distinguished newspapers into conclusions that are wildly erroneous".

"It would be easy to deny the figures with facts," Ferrari added, "but the truth about business matters has to stay confidential."

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About this article
Series Formula 1
Teams Ferrari
Article type Breaking news
Tags british magazine, budget, eur 250 million, ferrari, red bull