Reports of biggest F1 budget ’fantasy’ - Ferrari

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."