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Mosley proposes fresh F1 budget re-think

2015-04-29 08:04

SENSIBLE IDEA? Former International Automobile Federation president Max Mosley has proposed a new look at F1's 'budget cap' rules. Image: FIA

LONDON, England - Former International Automobile Federation president Max Mosley has urged Formula 1 teams to rethink the idea of a budget cap - with an added twist.

 

The issues of rising and unmanageable costs are high on the 2015 F1 agenda - and not only because of the collapse of Caterham and Marussia. Three bigger teams - Force India, Lotus and Sauber - apparently only made it to the first race of the season in Melbourne after F1 CEO Bernie Ecclestone fast-forwarded some of their owedincome.


And even the competitive Williams team cited the cost of the new turbo V6 era on Monday (April 27) as it revealed the equivalent of R583-million financial loss. 


CONSIDER FUTURE


Sauber team boss Monisha Kaltenborn told F1's official website on Tuesday (April 28): "We actually never wanted to get back to these times that power trains cost that much."

 

So, now, the sport as a whole is considering a rethink of the rules for 2017.

 

On May 14 the powerful F1 strategy group will sit to consider the future of the sport and Mosley has undoubtedly now given it another item to discuss.


The group includes the sport's five major teams - Mercedes, Ferrari, Williams, Red Bull and Sauber - as well as the highest-ranked other team - these days Lotus - the commercial rights, the federation and the F1 commission.

One of Mosley's regrets is that he was not able to push through his budget ceiling proposal before handing over to new president Jean Todt some years ago... now he's added another twist to his idea.

BUDGET LIMIT

Mosley has told Germany's Auto Motor and Sport magazine that big teams, if they wish, should be free to spend hundreds of millions of euros a year under the current rules but those who agree to be capped to the equivalent of R1.3-billion a year should be given almost complete freedom from the regulations to design their cars.

Mosley, now 75, explained: "I can imagine that very soon all the teams will fall into the camp of the budget limit. They will realise that you can also do great motor sport and build technically advanced cars with that much money."

Stay with Wheels24 for the 2015 F1 season – fresh reports every week.


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