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Former Lotus CEO claims small teams also driving up F1 costs
Former Lotus CEO claims small teams also driving up F1 costs 20 February, 2014 Patrick Louis with Mansoor Ijaz Even the smaller teams are guilty of worsening Formula 1′s growing financial crisis, according to departing Lotus chief executive Patrick Louis, who admitted the Enstone team baulked at signing Nico Hulkenberg for 2014 purely for financial reasons.
'The (financial) situation in Formula 1 is clear and if there is no response, the sport will eventually decay by a shrinking field of starters,' he told the German-language website motorsport-magazin.com.
He said even the smaller, struggling teams are spending big in order to create the impression of financial health 'that is not...
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10y ago from GrandPrix247.com
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