Former FIA president Max Mosley has offered a simple solution to Formula 1's cost cutting issues, although he admits that the teams' reluctance for change make it an unlikely prospect. Mosley, who reigned at the head of motorsport's governing body from 1991 to 2009, strongly promoted the idea of a budget cap in Grand Prix racing during the latter part of his tenure. Indeed, the Brit came close to enforcing cost cutting measures in 2008 at the inception of the global financial crisis. While the majority of the teams were in favour of a budget cap, Ferrari - managed by current FIA president Jean Todt at the time - assumed its role as outlier and prevented changes. Cost cutting initiatives...
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