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Lotus asks F1 to 'review its business model'

Lotus F1 deputy team principal Federico Gastaldi warns the ongoing financial struggles in Formula 1 threatens the future of the sport.
Lotus F1 deputy team principal Federico Gastaldi has called for Formula 1 to review its business model and has given a stern warning if certain situations continue the sport will drive fans away.

With Sauber and Force India launching a compliant to the EU about the distribution of wealth in F1 and ongoing worries about the US Grand Prix potentially dropping off the calendar due to funding problems, Gastaldi feels the major parties involved in business decisions – the FIA, F1's commercial supremo Bernie Ecclestone and the F1 Strategy Group – need to make changes as he fears problems may only get worse.

The Lotus F1 team also has an uncertain future after being threatened with administration by HMRC due to unpaid tax, but are expected to be saved by Renault who is set to purchase the Enstone-based team in the coming weeks.

“I believe it is crucial for Formula 1 to review its business model,” Gastaldi said. “There are so many financial issues throughout the sport, whether for teams or promoters, that it is hard to see where things will go.

“I know that both Mr Ecclestone and the FIA have been trying to change things and I also know that teams aren't always the easiest to work with when we have to join forces. Our agendas and situations differ too much and are almost always preceded with self-preservation.”

The Lotus deputy team principal has also warned if the issues surrounding funding and competition prevail it will be the loyal F1 fans who will also suffer.

“I have said this before we have to do everything that we can – all of us – to help promoters sell tickets. Without fans, where would we be?” he said.



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Gecko

November 21, 2015 11:04 AM

The FIA and Bernie brought in an engine formula that has been absolutely stupid, a formula that they were told would not work. And against all advise told everybody they had to do it "Because it is Green". What the hell ???? Motorsport has never been green, and never will be, even with Hybrid systems. The way the batteries are manufactured, and disposed of, could never be considered Green in any circumstance. And the cost for the combination of the powereplant is outrageous. And then putting in such ridiculous penalties for going over a stupid powerplant quota, to reduce costs !!!! I was just one of many that questioned it at the time. Now it has come home to roost. Bring back the 3000 NA engines. That was real racing.

OilyRag

November 21, 2015 2:15 PM

Unfortunately Frederico Gastaldi's argument is going to fall upon deaf ears. Ecclestone has more or less stated that he doesn't particularly care about retaining the current fan base. Therefore any proposal that is founded upon retaining fans is unlikely to be given due consideration.



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