F1 »

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

Click on relevant pic to enlarge
Bernie & Tamara Ecclestone (GBR), Bahrain F1 Grand Prix, Sakhir, Bahrain, 24-26th, April, 2009
30.04.2017 - Bernie Ecclestone (GBR) and his wife Fabiana Flosi (BRA)
29.04.2017 - Qualifying, Dmitry Kozak (RUS) Deputy Prime Minister of the Russian Federation and Bernie Ecclestone (GBR)
29.04.2017 - Qualifying, Dmitry Kozak (RUS) Deputy Prime Minister of the Russian Federation and Bernie Ecclestone (GBR)
29.04.2017 - Qualifying, Dmitry Kozak (RUS) Deputy Prime Minister of the Russian FederationBernie Ecclestone (GBR)
28.04.2017 - Free Practice 2, Bernie Ecclestone (GBR) and his wife Fabiana Flosi (BRA)
28.04.2017 - Free Practice 2, Bernie Ecclestone (GBR) and his wife Fabiana Flosi (BRA)
28.04.2017 - Free Practice 2, Bernie Ecclestone (GBR) and the media
28.04.2017 - Bernie Ecclestone (GBR)
28.04.2017 - Bernie Ecclestone (GBR)
27.04.2017 - Bernie Ecclestone (GBR)
27.04.2017 - Bernie Ecclestone (GBR)
27.04.2017 - Bernie Ecclestone (GBR)
27.04.2017 - Bernie Ecclestone (GBR)
27.04.2017 - Bernie Ecclestone (GBR)
27.04.2017 - Jacques Villeneuve (CAN) and Bernie Ecclestone (GBR)
27.04.2017 - Bernie Ecclestone (GBR)
27.04.2017 - Bernie Ecclestone (GBR)

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


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



© 1999 - 2017 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.