News Details

Bernie's simple solution: Spend less

Formula 1 boss Bernie Ecclestone reckons the way for the teams to cut rising costs is quite simple - spend less. Earlier this year a proposed budget cap was shot down by Formula 1's Strategy Group, which comprises Mercedes, Ferrari, Red Bull, Lotus, McLaren and Williams. But while the big teams have said no, adding that it is impossible to police, the little teams have cried foul and have warned that Formula 1's future could be at risk unless costs are curbed. Now 83-year-old Ecclestone has come up with a simple solution to the problem. "The teams can cut costs so why don't they spend less?" he said in the Independent newspaper. "I don't think they need a budget cap. The...
Full Story »
2mo ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Small teams pushing mid-season car development freeze

Formula 1′s smaller teams are pushing a mid-season development...
2mo ago from GrandPrix247.com

Small teams want mid-season car spec freeze

F1's smallest teams have proposed a mid-season development freeze to cut...
2mo ago from GrandPrix.com

Todt blasts teams over 'joke' cost cut proposals

FIA president Jean Todt has called the suggestions to reduce spending put...
2mo ago from TheF1Times.com

Mercedes begin exhaust 'trumpet' trials in Spain

Mercedes began testing a new 'megaphone' exhaust during the second day of...
2mo ago from TheF1Times.com

Comments

comments powered by Disqus

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.