27 October 2012
Ecclestone's budget cap plan 'unrealistic'
McLaren's Martin Whitmarsh has cast doubt on how realistic Bernie Ecclestone's budget cap plan would be to put into place in practice.
McLaren's team principal Martin Whitmarsh has said that he doubts Bernie Eccleston's suggestion of a total budget cap for F1 teams will prove to be workable in practice.
Ecclestone has revived his proposal of a cap as a replacement for the current Resource Restriction Agreement. The current RRA is opposed by Red Bull Racing, which has vetoed the agreement becoming part of the F1 sporting regulations and statutes and even led to Red Bull and Ferrari quitting the Formula One Teams Association (FOTA).
Red Bull is believed to be the biggest spending operation in the F1 paddock in 2012.
"Red Bull spends about $250m per season," Williams investor Christian Toto Wolff is quoted as saying by El Confidencial. He added that the team's owner Dietrich Mateschitz could save over a third of that amount by adhering to the RRA. "Though without their unlimited spending model they would not have the same advantage," Wolff pointed out.
However, Red Bull team principal Christian Horner has insisted that he's happy with his team's current level of spending. "We have been very consistent regarding resource constraints, and if that disturbs others, then that's their problem, not ours," he said.
At this week's meeting in Paris between Ecclestone and the F1 team principals, Ecclestone is said to have proposed setting a maximum total expenditure for all F1 teams in future. This would replace the RRA, which works by focusing on limiting specific items such as external expenditure, windtunnel time, and the number of staff on the payroll, but excludes other items such as driver salaries.
Ecclestone is said to have proposed the $250m (£155m) figure as the initial level of the cap, but that immediately provoked disagreement among the team principals.
"It sounds like quite a lot of money, so I don't know how much it's going to help too many teams," was the opinion of Martin Whitmarsh, Horner's counterpart at Williams.
Whitmarsh pointed out that only the top four teams in F1 came anywhere close to the $250m budget, which is far in excess of the budget of the small teams at the back of the grid like Caterham, Marussia and HRT. At that level, a cap would do little to achieve the much sought-after level playing field in the sport.
But even if a suitable budget cap could be agreed by all the parties, it was just the first of a number of significant details that would have to be addressed before the system stood a chance of achieving consensus.
Click on relevant pic to enlarge
the conversation - Add your comment
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.