{"id":298152,"date":"2023-11-19T20:55:16","date_gmt":"2023-11-19T20:55:16","guid":{"rendered":"https:\/\/allmysportsnews.com\/?p=298152"},"modified":"2023-11-19T20:55:16","modified_gmt":"2023-11-19T20:55:16","slug":"ferrari-to-hold-private-talks-with-las-vegas-gp-chiefs-about-compensation-deal","status":"publish","type":"post","link":"https:\/\/allmysportsnews.com\/racing\/f1\/ferrari-to-hold-private-talks-with-las-vegas-gp-chiefs-about-compensation-deal\/","title":{"rendered":"Ferrari to hold ‘private talks’ with Las Vegas GP chiefs about compensation deal"},"content":{"rendered":"

Ferrari official teaser trailer<\/h3>\n

Ferrari will hold “private discussions” with Liberty Media and Formula 1 regarding compensation for the damage to Carlos Sainz’s car at the Las Vegas Grand Prix. A loose metal water valve cover caused the driver to crash during Free Practice 1, causing the session’s cancellation after only eight minutes on the track.<\/p>\n

Liberty Media are already facing a class action lawsuit filed by a local Las Vegas firm seeking damages on behalf of the fans in attendance at the street circuit on Thursday night. And they now face forking out further compensation to Ferrari.<\/p>\n

Despite being an unusual incident, there is precedent from six years ago when something similar happened at the 2017 Malaysian GP. Haas driver Romain Grosjean, who now races in IndyCar, hit a loose drain cover, dealing significant damage to his car.<\/p>\n

That resulted in the negotiation of a financial settlement with the organizers. Ferrari now seems to be seeking something similar.<\/p>\n

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“This will be a private discussion that I will have with the stakeholders of this,” team principal Frederic Vasseur insisted. “There is no provision in the budget or cost cap for excluding the crashes.<\/p>\n

“For sure, you have a lot of extra costs. The loom was damaged, the gearbox was damaged, the battery was damaged, and the engine was dead.<\/p>\n

“We have a lot of consequences on the financial side, on the sporting side, and even on the stock of spare parts, and on the budget side, for sure, it’s not an easy one. He added: “There will be discussion. The decision, it’s another thing.”<\/p>\n