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 »
11mo 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...
11mo 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...
11mo ago from GrandPrix.com

Todt blasts teams over 'joke' cost cut proposals

FIA president Jean Todt has called the suggestions to reduce spending put...
11mo ago from TheF1Times.com

Mercedes begin exhaust 'trumpet' trials in Spain

Mercedes began testing a new 'megaphone' exhaust during the second day of...
11mo ago from TheF1Times.com

Elsewhere On The Network

Popular On MotoGPToday.com

No new parts but "full factory support" for...

Cal Crutchlow's podium in Argentina looks set to be a springboard for the...

Kent working hard ahead of Jerez

Moto3 championship leader Danny Kent is looking to make it a hat-trick of...

Finland’s Kymi Ring to bid for MotoGP, shun F1

Finland could be added to the MotoGP World Championship schedule as early...
9h ago from Crash.net

Rossi off to best start since 2009

It's six years since Valentino Rossi last led the world championship...

Popular On IndyCarToday.com

IndyCar: Age and experience leading the way so far in...

Don't miss a thing at the Honda Indy Grand Prix of Alabama. Get the new...
21h ago from Racer.com

IndyCar: Honda teams seek 'sweet spot'

Don't miss a thing at the Honda Indy Grand Prix of Alabama. Get the new...
1d ago from Racer.com

Regalia will not race with Comtec at Aragon

Facu Regalia will not be racing in the opening round of the Formula...
1d ago from Motorsport.com

Three IndyCar teams fined after Long Beach

KV, Foyt and CFH hit with penalties. INDYCAR announced the following...
2d ago from Motorsport.com

Popular On TotalWRC.com

Winning start for new Skoda Fabia R5

Jan Kopecky has given the new Skoda Fabia R5 the perfect start by taking...
57m ago from Crash.net

Meeke continues to lead in Argentina

Kris Meeke continues to lead Rally Argentina following the opening loop...
3h ago from Crash.net

M-Sport chief Wilson furious with WRC officials

Wilson's team expected lead driver Elfyn Evans' SS2 time to be adjusted...
5h ago from EuroSport.com

SS7: Meeke spins in Saturday opener

Dust catches out Rally Argentina leader Kris Meeke
5h ago from WRC.com

Popular On GunnersToday.com

Reports: Arsenal and Manchester United legends to play...

Arsenal and Manchester United legends including the likes of Thierry...
1h ago from SportsKeeda.com

'Alexis Sanchez would be my sixth choice' – Paul...

Manchester United legend Paul Scholes has once again displayed his...
3h ago from AllArsenal.com

5 factors that will decide Arsenal vs Chelsea

Arsenal will play hosts to league leaders Chelsea in a match that is...
3h ago from SportsKeeda.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.