Marussia sporting director Graeme Lowdon has said claims from teams that it would be too hard to enforce a cost cap in F1 are "absolute rubbish".

FIA president Jean Todt said in Bahrain that the proposed cost cap for the sport was no longer set to happen because the six teams on the Strategy Group - Red Bull, Ferrari, Mercedes, McLaren, Lotus and Williams - were now opposed to the idea. As a result, the remaining teams except Toro Rosso wrote to Todt expressing concern over the development and the overall governance of the sport.

Lowdon says there are a number of other global sports which have proven there are ways of successfully introducing financial rules to help safeguard the future of the teams involved, and says F1 has to learn from those examples.

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"We want to see Formula One grow, and there is an important lesson to be learned from sports that have demonstrated huge growth over the last five to 10 years," Lowdon told Press Association Sport. "There are two elements that are a feature of those sports; one is an equitable distribution of finances within the sport, and the second is cost control of some description.

"It doesn't necessarily have to be a cap. There are other techniques used - ceilings, luxury taxes, financial fair play mechanisms. All the major global sports that have demonstrated high growth have adopted something and reaped the rewards. Those sports have delivered in terms of close, exciting competition and fans of Formula One want to see close, exciting racing."

And Lowdon was keen to stress that he felt the argument that it would be tough to police financial regulations holds no weight.

"Some people have said it's too difficult to implement financial rules. Frankly, that's absolute rubbish. Financial accountability is the cornerstone of commerce, and the methods of auditing and accounting are as tried and tested as measuring the size of wings in scrutineering, or anything else like that.

"If Formula One cannot achieve that, when other sports can, it would be seen as some kind of failure. Why should this be a step beyond its ability? For me it makes no sense. It's something that can be done and should be done. It's an important step, and we need to seize the opportunity. We've been talking about these measures for years. It cannot be that difficult, even if there might be some short-term pain for some people."