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Formula One budget cap abandoned
Topic Started: Apr 9 2014, 04:34 PM (173 Views)
CJ
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A very minor case of serious brain damage

http://www.autosport.com/news/report.php/id/113319

Formula 1's plans for a cost cap in 2015 have been abandoned, FIA president Jean Todt has revealed.

The FIA announced at the end of last year that it wanted a cost cap in place for next season, with it hoped agreement on how it could be enforced reached by June 2014.

But AUTOSPORT has learned that the six team representatives on F1's Strategy Group - Red Bull, Ferrari, Mercedes, Williams, McLaren, and Lotus - wrote to the FIA last month to say they did not believe plans for a budget cap were realistic.

They claimed that enforcing and policing a budget cap that would satisfactorily cover all the teams was impossible, and instead suggested that cost cuts should be made through technical and sporting regulations.



I'm not surprised by this, really: it's difficult to see how a cost cap would be enforced effectively. Do you think F1 should have a budget cap, and can you think of any good ways to enforce it?
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Hedgehog121
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Is a budget cap like how the NFL doesn't let teams have as many star players as they want? To where they can spend unlimited money?
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CJ
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A very minor case of serious brain damage

A bit like that - but it's mostly aimed at stopping them from spending as much as they want on designing, building and testing the cars.
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Hedgehog121
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Oh. So kinda like what NASCAR doesn't have.
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CJ
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A very minor case of serious brain damage

Yes, pretty much :P .

Though, in any case, I don't see how it would be workable. I see that the intention is to help newer teams and to attract more teams into the sport, but I think there are other ways of doing that, which might be easier. In particular, making the distribution of the prize money fairer would help greatly, and everyone supports doing this - but not in a way that requires a sacrifice on their part >_< .
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