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 »
2y 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...
2y 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...
2y ago from GrandPrix.com

Todt blasts teams over 'joke' cost cut proposals

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

Mercedes begin exhaust 'trumpet' trials in Spain

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

Elsewhere On The Network

Popular On MGPToday.com

MotoGP: Rossi takes Monza Rally win

Valentino Rossi has rounded off his 2016 season in style by successfully...

Rossi: Vinales will give me the same problems as...

Valentino Rossi admits that Maverick Vinales' speed in his first MotoGP...
3d ago from Motorsport.com

Video of the Day: Lorenzo opens museum

No description available...
22h ago from GPUpdate.net

Carlo Pernat: Impressive Vinales is Lorenzo’s riding...

MotoGP powerbroker Carlo Pernat assesses the class rookies and those rider...
3d ago from BikeSportNews.com

Popular On IndyCarToday.com

Takuma Sato confirmed at Andretti Autosport for 2017...

Andretti Autosport has confirmed the arrival of Takuma Sato for the 2017...

IndyCar weekend formats set to change in 2017

The Verizon IndyCar Series is aiming to introduce a more consistent...
2d ago from Motorsport.com

Rick Mears – still the ultimate pro at 65

For all race fans in the 30-70+ age range, it’s time to get nostalgic...
1d ago from Motorsport.com

Sato makes Andretti Autosport switch for 2017

Takuma Sato will remain in the Verizon IndyCar Series for 2017 after the...

Popular On TotalWRC.com

2016’s Best Recognised At Annual Autosport Awards

Some of the biggest stars in British and International motorsport were...

Ogier "cannot guarantee" WRC 2017...

Four-time WRC champion Sebastien Ogier says his participation in the 2017...
1d ago from Motorsport.com

Hyundai unveils its 2017 WRC challenger

Hyundai has become the first team to reveal the 2017-spec car it will...
3d ago from Motorsport.com

Competition: Win M-Sport WRC prizes

Advertising British-based M-Sport has been behind Ford's involvement in...
2d ago from WRC.com

Popular On GunnersToday.com

Arsene Wenger: Arsenal's best is yet to come

GETTY Arsene Wenger thinks Arsenal will get even better The Gunners were...
5h ago from DailyStar.co.uk

'He is playing with freedom and power'

We blew away West Ham United with a late flurry of goals at the London...
5h ago from Arsenal.com

‘Incredible Sanchez Can Carry Arsenal to the Title’

Alexis Sanchez can carry Arsenal to the Premier League title this season,...
5h ago from AllArsenal.com

Angelo Ogbonna: West Ham should be embarrassed

NGELO OGBONNA says West Ham should be embarrassed by their woeful start to...
5h ago from DailyStar.co.uk

Comments

Hottest News

Recent News

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.