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Lotus tells teams: 'Back viable F1'

2015-05-05 10:45

F1 CASH CRISIS: Lotus' Pastor Maldonado (left) and Toro Rosso's Max Verstappen clash at the 2015 Bahrain GP. Lotus team owner Gerard Lopez has urged teams to make the sport more sustainable. Image: AP / Luca Bruno

LONDON, England - Lotus team owner Gerard Lopez has urged Formula 1 teams to "stand together" to make the sport more sustainable.

Caterham has collapsed, Marussia (now Manor) almost followed suit, and midfield teams' - among them Lotus, Force India and Sauber - financial problems have been well documented.

Even Williams recorded a R603-million loss in 2014 and Germany's Auto Motor and Sport claims that "even McLaren" could be in trouble if its Bahrain investors pull out.

'STAND TOGETHER'

Lopez said: "We must now all stand together to develop a concept for the future that is viable. The more of us who get behind the plan, the sooner we can get it through."

Lopez was probably referring to the proposal made by former International Automobile Federation president Max Mosley, whereby teams agreeing to a R1-billion budget cap would be given more rules freedom.

It has already been publicly supported by Sauber.

The issue will clearly be raised when the strategy group teams meet on May 7 2015.

Lopez again: "Everybody must be anxious that the meeting provides a result. Further procrastination would be dangerous."

Stay with Wheels24 for the 2015 Formula 1 season.

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