“Of course, you talk a good story and there were times last year where we were pretty close, but you have got to be realistic. For a new team now to come into F1 and survive and build up and build a group, such as Caterham, it is pretty difficult. The sustainability of Caterham was always [based on] building up a group and, even though I started [at] the F1 team, there is really no surprise that I am now running the automotive side of it as, ultimately, that is where our survival is. F1 does not pay.”
With the Resource Restriction Agreement under fire from some teams at the sharp end of the grid, Gascoyne is keen for another means of controlling costs to be found, and admits that he remains in favour of the idea that originally hooked the three new teams ahead of 2010.
“In the late 1990s and early 2000s, there was an era where it was just a spending war,” he noted, “They have tried to change that and Max Moseley's spending cap is something I still fully support, because [teams] are still spending near £300 million on going F1 racing for two cars and 20 races. How is that justifiable in a green and socially responsible era?
“If you had twenty Caterhams painted in different colours going round a track, no one would notice - it would probably be a close race, with a great atmosphere and a great noise. You don't need to spend £300 million, [but] you need to spend £250 million if the next guy is spending £240 million and so on people outspend each other. We should limit it, we need a spending cap. It is madness, [but] while the rule makers are cashing in and making money out of it, it will stay that way.”
Article based on interview by Dexter Fielding