May 16, 2014, 11:00 AM EDT
Bernie Ecclestone has weighed in on the cost cap debate currently dominating Formula 1’s political scene, and has questioned why teams cannot work to cut costs themselves without the imposition of budget limits.
Many efforts have been made over the past five years to introduce a cost cap in Formula 1 after spiralling costs have threatened the future of a number of teams, and has claimed a number of high-profile scalps. Honda, Toyota and BMW all left the sport between 2008 and 2009 due to spiralling costs, but little has changed economically since then.
For Ecclestone, it is simply a case of the teams looking in the mirror and finding a way to self-regulate.
“The teams can cut costs so why don’t they spend less? I don’t think they need a budget cap,” he told The Independent. “The people who don’t need a budget cap will find their way round it.”
The teams further down the grid – Caterham, Marussia, Sauber and Force India in particular – have been pushing for a cost cap in order to become more competitive. However, without having a secure future in the sport, Ecclestone believes that it is unreasonable for them to expect to have a say.
“There are four teams that are not in the Strategy Group and why not? Because the people that are have committed to racing in Formula One to 2020 and have put up sensible guarantees if they don’t,” he said.
The 83-year-old also used the cost cap debate to deal yet another blow to the new engines, believing that the price of implementing them was far too great.
“Tell me, what was the idea of the cap? To keep costs down. So we put this engine in and it costs four times more than the other one, and costs the manufacturers a hell of a lot of money,” Ecclestone pointed out.
Although the teams should indeed be able to cut costs and keep an eye on their own finances, the pursuit of race wins and championships is almost entirely dependent on spending power. All of the successful teams in recent history – Mercedes, Ferrari, Red Bull, Renault and McLaren – have a product backing them (although McLaren is a semi-exception).
The likes of Sauber and Marussia, on the other hand, exist to race, making financial solvency difficult at times. They will not be giving up on the cost cap, even if the likes of Red Bull and Ferrari are happy to spend as much as it takes to win.
Is it really possible for the teams facing financial difficulties to commit to the sport until 2020? And should they really be excluded from the ‘big boy’ strategy group because of this?
Without a cost cap, the teams will continue to spend and spend. They should be able to self regulate, but guidance is required.
This debate will, as it has done for five years now, only continue to rumble on and claim more victims.
Sep 30, 2014, 10:00 AM EDT
Some of the stats of note as we head into the Japanese Grand Prix.
Sep 30, 2014, 9:00 AM EDT
Honda has Ryan Hunter-Reay, but losing Simon Pagenaud and Josef Newgarden are big blows from marketing and on-track standpoints.
Sep 29, 2014, 9:30 PM EDT
NBCSN’s Marty Snider has more from Stewart’s press conference today in North Carolina.
Sep 29, 2014, 8:30 PM EDT
Instead of racing to protect his position in the Chase, Jeff Gordon went into attack mode Sunday at Dover – and it paid off with a win. Check out his Victory Lane interview with NASCAR AMERICA’s Kelli Stavast here.
Sep 29, 2014, 7:30 PM EDT
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Sep 29, 2014, 6:45 PM EDT
Coming up: Highlights from the first cut race of the Chase; reports on Kevin Harvick’s tire failure and Hendrick Motorsports; Tony Stewart speaks about trying to carry on after his involvement in a fatal sprint car accident.
Sep 29, 2014, 5:15 PM EDT
Josef Newgarden ends P13 in 2014, after a year where an overall top-10 finish was possible.
Sep 29, 2014, 4:47 PM EDT
A nice display of sportsmanship after a tough day at the Monster Mile.
Sep 29, 2014, 4:15 PM EDT
It was a tough year for James Hinchcliffe, who ended P12 in the IndyCar points.
Sep 29, 2014, 3:33 PM EDT
Hamilton hopes to join the list of famous names that have won at Suzuka, while Rosberg turns the page on his disappointing Singapore Grand Prix.
Sep 29, 2014, 3:15 PM EDT
Ryan Briscoe’s return to IndyCar was quiet, clean and productive.
Sep 29, 2014, 3:05 PM EDT
Simon Pagenaud leaves the past behind, and readies for Team Penske opportunity.
Sep 29, 2014, 2:15 PM EDT
Lack of bonus points notwithstanding, Logano’s pleased about where he and his No. 22 Team Penske crew stand going into the next round of the Chase.
Sep 29, 2014, 2:00 PM EDT
The latest young drivers to earn Team USA Scholarship are named.
Sep 29, 2014, 1:00 PM EDT
Also: Tony Stewart opens up; IndyCar’s Simon Pagenaud jumps to Team Penske; and the stage is set for a wild season finale in Red Bull Global Rallycross.
Sep 29, 2014, 12:30 PM EDT
P14 for Tony Stewart at Dover felt like one of his better runs of the season, he explained Monday.
Sep 29, 2014, 12:10 PM EDT
Tony Stewart addresses the questions, and faces the media, in Charlotte.
Sep 29, 2014, 10:48 AM EDT
Pagenaud to Penske means IndyCar’s “big three” now have 12 cars between them – four apiece.
Sep 29, 2014, 10:06 AM EDT
Simon Pagenaud makes it official: he’s driving for Team Penske in 2015.
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