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FIA seeks cost-cutting measures

The FIA seeks to bring down the costs involved in competing in F1 alongside the current teams
The FIA has revealed that it is keen to establish a series of cost control measures for F1, with team having been given until the end of the month to vote on plans to bring new measures into play.

The governing body made the announcement following the latest meeting of the World Motor Sport Council in Paris, where the FIA 'reiterated its intention to make motor sport more affordable in all categories'.

With concerns about rising costs, the FIA and teams will hope to finalise an agreement reduce the expenditure required to compete in the sport, with the governing body they overseeing the policing of any agreement made.

“At their request, the FIA is having active discussions with teams regarding cost control and any amendments to the technical regulations resulting from a further limit on expenditure on the chassis will be submitted to the WMSC via a fax vote before 30 June,” a statement from the FIA read. “The intention is to help all teams participate in the Championship in a fair and equal manner.”

The FIA also confirmed that the deadline for entries for the 2013 season has been put back to September to allow negotiations regarding a new Concorde Agreement to be concluded.

“Constructive Concorde Agreement discussions are on-going between the FIA and the Commercial Rights Holder, with the intention of finalising an agreement in the coming weeks,” the FIA revealed. “It was also decided that the deadline for the closing of entries be deferred to 30 September.”


Tagged as: FIA , concorde agreement , cost

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Caroline - Unregistered

June 15, 2012 7:49 PM

@Calvin Except in the area of safety, the FIA has only 1 vote when it comes to rule changes, the teams have 1 vote each, therefore the majority of the rules are at the very least approved by the teams, and in many cases like DRS and the rejection of ground effect, actually initiated by the teams.

bringBACKthe990s

June 15, 2012 5:43 PM

redcarfan is right. the FIA is only supposed to be there as the arbitrator. The solution is so simple. Just implement a budget cap. and then they can get rid of all the stupid rules that have choked the sport out. Us fans are super tired of all the dumb rule changes that are supposedly meant to make the cars cheaper when all the new regs do is make the sport more expensive. A true F1 rulebook would read like this... - size and safety regulations - spec fuel - all tires homologated and submitted prior to season (5 compounds per mfg) - no discplacement limit - 150 million per team budget cap - surface area limit to the cars (this would effectively limit the aero) - Fuel tank size limit And that is it. If they want to build a V-14 turbo with a tiny gas tank that has to be pitted every 5 laps than so be it. Watch another team build a V-8 with hybrid tech that doesnt need any pits. And then the only freeze after that should be to the RULE BOOK!



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