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Mosley steps up cost-cutting campaign.

08.09.2006 Monza, Italy, <br>Max Mosley (GBR), FIA President - Formula 1 World Championship, Rd 15, Italian Grand Prix, Friday

Formula 1 » Mosley steps up cost-cutting campaign.

Wednesday, 8th October 2008

FIA president Max Mosley has warned teams that F1 faces becoming 'unsustainable' if spending is not curbed with immediate effect.

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FIA president Max Mosley has repeated his claim that Formula One needs to seriously consider slashing the amount of money it is spending if it is to survive as the top flight of world motorsport.

Speaking in an interview with the BBC, Mosley gave those involved in F1 two years to achieve drastic cost-cutting measures, pointing out that the economic crisis rampaging around the globe was only making matters worse for a sport already renowned as a heavy spender.

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On a day when the World Motor Sport Council was due to re-examine the debate over the use of 'customer cars' in Formula One, Mosley admitted that he feared for the future of some of the category's smaller teams, as the cost of competing continued to rise, seemingly out of control as the major manufacturers sought a winning edge.

"It has become apparent, long before the current difficulties, that Formula One was unsustainable," the president said, "It really is a very serious situation. If we can't get this done for 2010, we will be in serious difficulty. At the moment, we've got 20 cars but, if we lost two teams, we'd have 16; three teams, 14. It then would cease to be a credible grid.

"It depends, at the moment, on millionaires - or billionaires, as we don't have millionaires now - subsidising it, people like Vijay Mallya or Dietrich Mateschitz. Without them, those [smaller] teams wouldn't be there."

With three races to go in a season that has already seen one team, Super Aguri, go to the wall after being unable to raise the finance it needed not only to race, but to survive on a day-to-day basis, Mosley warned that it would not be long before the biggest teams, and the manufacturers behind them, felt pressure to cut back - or, worse still in the case of the manufacturers, to pull the plug on their F1 activities completely.

"The days when [the teams] could just toss out E100m, E200m, E400m a year - which is what Formula One costs those big companies - are finished," he insisted,
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08.09.2006 Monza, Italy, 
Max Mosley (GBR), FIA President - Formula 1 World Championship, Rd 15, Italian Grand Prix, Friday
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