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Mosley blasts F1's 'predominant culture of wastefulness'

FIA President Max Mosley has again unleashed a stinging attack on what he perceives to be Formula 1's 'predominant culture of wastefulness', as he re-iterated his contention that teams should be subject to a budgetary limit to prevent any more from following Honda out of the exit door.

The Japanese manufacturer sent shock waves through the sport and set alarm bells ringing when it announced three months ago that it was withdrawing its support with immediate effect, a consequence of falling car sales precipitated by the current global credit crunch and poor on-track return for its considerable, reputed £147 million investment in 2008.

Mosley has previously suggested that if it continues in the same vein as it has done over the past decade, F1 is 'unsustainable', and the radical cost-cutting measures that the governing body has implemented ahead of the 2009 season have been designed to address that by significantly reducing expenditure – and in so doing safeguard the future of the top flight.

The Englishman has made clear his preference for a budget cap to be imposed upon the teams, as all involved feel the increasing pinch of the economic downturn and begin to re-assess their priorities. There are fears that the continued participation of such as Toyota, Renault and even BMW and Mercedes-Benz is far from assured.

“There is a predominant culture of wastefulness,” the 68-year-old told German magazine Spiegel. “The endeavour for success has succeeded over any kind of financial discipline. Formula 1 is becoming ridiculous.

“Costs must continue to be radically reduced by limiting the opportunities for technical innovation. Maybe we could even turn things around completely and grant technical freedom while imposing limits to the budgets.

“The shares of Daimler are at an all-time low, and Renault's are just over the €10 mark. What happens when people have to be made redundant? Can it still be justified investing so much money in Formula 1?

“Nobody can rule out the possibility of having a fax land on the desk of a racing team's headquarters in the morning saying 'Sorry, that's it'.”

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Observer - Unregistered

March 03, 2009 3:11 PM

The sheer stupidity and irrelevance of comparing F1 costs with Mosley's personal pursuits is mind numbing. They have nothing whatever to do with F1 or its costs. If the FIA does not get a grip on F1 expenditure, there very soon won't be an F1. Budgets of 400 million US dollars and 1000 full-time employees just to put two cars on the grid. If that's not crazy, what is? Mosley is 100 per cent right on this one.

Munro Gow

March 03, 2009 6:07 PM
Last Edited 642 days ago

Love how Max is coming out with all this now.Where was the concern on spending in the other years he has been spouting his tripe as top dog in motorsport.Hundreds of millions in budgets it isnt new its been on the go for years.He didnt mind when teams were spending the money he wanted them to on safety,he didnt mind Ferrari's huge budget when they were romping to title after title & sure as hell didnt mind when others were trying to catch up.Where was all this rhetoric when Minardi were on the way out?Yes budgets have to come down & stay down but dont make it out like its something you've suddenly across and you and you alone are capable of sorting

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