Ferrari intends to keep its power to veto Formula 1 rule changes. Ferrari intends to keep its power to veto Formula 1 rule changes.

Scuderia Ferrari wants to mentain its possibility to veto changes to the Formula 1 rules if it remains in the sport beyond 2020, team principal Mattia Binotto has confirmed on Friday.

In response to a question from RaceFans in today’s FIA press conference, Binotto said the power serves to “protect” all the teams, not just Ferrari. The existence of Ferrari’s decades-old veto has been controversial. In 2015 the FIA claimed Ferrari, under Mattia Binotto’s predecessor Maurizio Arrivabene, used it to block changes to the engine regulations intended to reduce the cost of power units.

FIA president Jean Todt, himself a former Scuderia Ferrari team principal, said the team’s veto will be discussed within the negotiations surrounding whether the Italian side commits to the sport beyond the 2020 Formula 1 season, after which its current commercial agreement expires.

Mattia Binotto confirmed they are beginning these discussions and the Maranello team’s preference is to retain its veto.

“Certainly the veto right is something important for Ferrari,” said Mattia Binotto when asked by RaceFans at Friday’s press conference ahead of the Spanish Grand Prix – “But I believe it’s something important for F1 overall as well because somehow it’s not only protecting Ferrari but is protecting all the teams maybe against some decisions that could be against the interest of the teams themselves. [It’s] something that we are starting discussing with both FIA and F1 and I think that we are doing well in that respect and hopefully we can keep the same rights.” – the Scuderia Ferrari Team Principal concluded.