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Budget cap starting point to be raised?

Bernie Ecclestone has suggested that Formula One's recently-imposed 2010 budget cap could be set for change in a bid to calm the waters that Max Mosley's initial bombshell caused to ripple over the weekend.

With Ferrari up in arms at the proposed £40m ceiling for next season, Ecclestone has hinted that budgets could be eased - possibly to allow for as much as a £60m starting point in 2010 - with subsequent seasons seeing the amounts reduced incrementally to achieve the £40m figure within three years. The proviso, however, is that all ten existing teams agree to the deal, rather than being allowed to opt out and run to more tightly-controlled technical regulations. Any new teams hoping to enter the top flight are only expected to be attracted by the thought of a budget cap.

“It would appear that everyone is in favour of the cap, including Ferrari, if we can get them to agree - which we can,” Ecclestone told Britain's Times newspaper, “However, there is concern over the amount that is referred to in the cap for some of the teams, and also the two-tier system, [but] these are probably not monumental things to sort out.”

Critics have claimed that a budget cap is fundamentally unworkable, especially in F1, with no-one able to prove what is being spent, but Ecclestone has revealed that the teams will be required to sign a three-monthly pledge to say that they are operating in accordance with the limit - which covers all aspects of the sport except marketing, driver salaries, engine costs and fines - with heavy penalties likely for those found not to be conforming.


Related Pictures

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Bernie & Tamara Ecclestone (GBR), Bahrain F1 Grand Prix, Sakhir, Bahrain, 24-26th, April, 2009
27.11.2016 - Race, Roger Federer (SUI) tennis player and Bernie Ecclestone (GBR), President and CEO of FOM
27.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM
27.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM
27.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM
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26.11.2016 - Free Practice 3, Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Free Practice 3, (L-R) Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Piero Ferrari (ITA) Vice-President Ferrari
26.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM, Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Christian Horner (GBR), Red Bull Racing, Sporting Director
26.11.2016 - Free Practice 3, Fabiana Flosi (BRA), Wife of Bernie Ecclestone
26.11.2016 - Chase Carey (USA) Formula One Group Chairman, Bernie Ecclestone (GBR), President and CEO of FOM and Christian Horner (GBR), Red Bull Racing, Sporting Director
26.11.2016 - Chase Carey (USA) Formula One Group Chairman, Bernie Ecclestone (GBR), President and CEO of FOM and Christian Horner (GBR), Red Bull Racing, Sporting Director
26.11.2016 - Chase Carey (USA) Formula One Group Chairman, Flavio Briatore (ITA) and Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Flavio Briatore (ITA), Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Flavio Briatore (ITA), Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Flavio Briatore (ITA), Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Chase Carey (USA) Formula One Group Chairman, Bernie Ecclestone (GBR), President and CEO of FOM and Christian Horner (GBR), Red Bull Racing, Sporting Director

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the Lawman - Unregistered

May 06, 2009 10:39 AM

In regards to @XHannahX comment. Forty million won't buy you anything that starts at the front of the grid. Bernie must need some more start-up cash. For him to let a new team start with a small budget is a sucker punch, do you really think forty mil is going to beat a Braun, RedBull, McLaren or a Ferrari with all their recourses and knowledge,i really don't think so? :rolleyes: the Lawman



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