Formula One news

Ferrari: Espionage costing us millions

The lawyers Ferrari has hired to work on the espionage case against McLaren's chief designer Mike Coughlan are predicting the case is costing the Italian team several millions of pounds. In a document obtained by the Guardian and the Milan-based daily Corriere della Sera, Ferrari say that losing the title would cost them well over €5.5m.

"The difference between the two teams is so close that it is likely that McLaren's superior number of points is a consequence of its chief designer having the Ferrari documents," the team's lawyers were quoted by the Guardian. They add that if McLaren wins this year "Ferrari will suffer loss of at least €5.5m" in payments under the agreement that governs the constructors' championship. But, in addition, they "may suffer loss in respect of damage to the Ferrari brand" - sponsorship and sales.

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