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Ferrari team principal Mattia Binotto insisted it made sense for the Italian team to sacrifice the 2021 car as Red Bull and Mercedes were too far ahead in terms of car developement.

With the long-term gains a clear benefit over short-term development of the 2021 car, Binotto said the decision was easy in light of the budget cap restrictions introduced last season.

“Certainly we had a big budget, maybe not the biggest but, with the financial regulation and the budget cap, we had to cut some of the developments and to cut part of our organisation,” Binotto explained.

“So, when you’ve got a cap, you need to limit yourself. 

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