F1 »

Mosley: Resource restriction just lip service

As teams face an uncertain future financially, Max Mosley has blamed his successor as FIA president for failing to take a stronger stance against over-spending in F1.
Max Mosley has criticised the majority of F1 teams for not taking the matter of cost-cutting seriously enough – but reserved his biggest condemnation for his successor as FIA president.

Speaking to Germany's Welt am Sonntag, Mosley claimed that he foresaw the financial problems currently besetting even the midfield runners, but says that neither the teams or Jean Todt, who took over at the head of world motorsport when the Briton was forced to stand down, reacted in a way that could have prevented the threat of bankruptcy hanging over them.

“It is something I regret this very much and all the more so because this problem was signalled several years ago,” the 73-year old insisted, “Without intervention, it was inevitable, in my view, that it would get this far.”

Mosley's solution to the issue of spiralling costs was to propose a cap on spending, but he reveals that he received little support for the initiative. Instead, the team's own proposal - the Resource Restriction Agreement - has proven largely unworkable, and now faces opposition from within the group that created it.

“No one wanted to join the proposal,” he explained, “The teams have made their own rules instead of the cost limit introduced but, in reality, it has never been used in reality. It was only ever a non-binding letter of intent, a kind of lip service and was rendered virtually ineffective, partly because my successor Jean Todt was never a supporter of the cap. The FIA has not taken care of a proper successor to the problem of cost control and now F1 has a big problem.”

Mosley insisted that it was down to everyone involved in the sport to take steps to prevent one or more teams going to the wall financially, but maintains that giving the competitors a bigger slice of the sport's revenue is not necessarily the solution.

“It's about the survival of the F1,” he stressed, “If nothing happens, F1 will shrink. The smaller teams will be forced out of the sport, forced to give up. It is high time for a rethink.

“However, F1 would not change if less money would be spent by all teams. If the big teams get more money from Bernie Ecclestone, they would spend more money so the proper solution would be a mandatory spending limit for all teams - whether large or small. It would only be fair for all.”

Unsurprisingly, Mosley does not blame Ecclestone for the sport's financial problems, repeating his mantra that the fault lies with 'the monetary policy of the teams'. Instead, he praises his former ally for the way he has brought the sport into the commercial era.




Related Pictures

Click on relevant pic to enlarge
27.07.2013- L to R Bernie Ecclestone (GBR), President and CEO of Formula One Management and Jean Todt (FRA) Fia President
07.07.2013-  Race, Start of the race
Max Mosley (GBR) President Of The FIA, British F1, Silverstone, 19th-21st, June, 2009
Lewis Hamilton crowned F1 world champion at FIA Prize-Giving Gala in Qatar [Pic credit: FIA / Jean Marie Hervio / DPPI]
Lewis Hamilton crowned F1 world champion at FIA Prize-Giving Gala in Qatar [Pic credit: FIA / Jean Marie Hervio / DPPI]
Max Verstappen (NLD) Scuderia Toro Rosso STR9 Test Driver.
26.11.2014.
Max Verstappen (NL), Scuderia Toro Rosso 
26.11.2014.
Max Verstappen (NL), Scuderia Toro Rosso 
26.11.2014.
Max Verstappen (NL), Scuderia Toro Rosso 
26.11.2014.
Max Verstappen (NL), Scuderia Toro Rosso 
26.11.2014.
Max Verstappen (NL), Scuderia Toro Rosso 
26.11.2014.
Max Verstappen (NLD) Scuderia Toro Rosso STR9 Test Driver.
25.11.2014.
Max Verstappen (NLD) Scuderia Toro Rosso STR9 Test Driver.
25.11.2014.
Max Verstappen (NLD) Scuderia Toro Rosso STR9 Test Driver.
25.11.2014.
Max Verstappen (NLD) Scuderia Toro Rosso STR9 Test Driver.
25.11.2014.
Max Verstappen (NLD) Scuderia Toro Rosso STR9 Test Driver.
25.11.2014.
Max Verstappen (NL), Scuderia Toro Rosso 
25.11.2014.
Max Verstappen (NL), Scuderia Toro Rosso 
25.11.2014.

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.


richard

September 02, 2013 11:29 AM

I was very much pro todt as a result of his efforts for Peugeot and Ferrari. however, he really has underperformed and has not stood up when required to do so. time for a change, methinks.



© 1999 - 2014 Crash Media Group

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