May 16, 2014, 11:00 AM EST
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.
Dec 17, 2014, 8:47 PM EST
NASCAR revealed the 2015 schedules for the Whelen Modified Tour and its Southwest Modified Tour, including a first-time visit at the legendary Hickory (NC) Motor Speedway.
Dec 17, 2014, 7:23 PM EST
Do you like watching old racing videos and programs from the past? If so, you’re going to love this BBC video about NHRA drag racing from back in 1990.
Dec 17, 2014, 6:38 PM EST
Kurt Busch got the chance to tell his side in the legal battle with former girlfriend Patricia Driscoll. We break down what Kurt said in court on NASCAR America.
Dec 17, 2014, 5:16 PM EST
Kurt Busch testified Wednesday he asked former girlfriend Patricia Driscoll numerous times to leave his motorcoach on the night she claims the NASCAR driver struck her head several times.
Dec 17, 2014, 3:03 PM EST
The race to the finish line of Phase 1 of Daytona Rising at Daytona International Speedway kicked into high gear Wednesday, with a record 1,002 construction workers on-site.
Dec 17, 2014, 3:00 PM EST
Porsche Mobil 1 Supercup’s status grew in 2014. We caught up with the series manager during Austin F1 weekend.
Dec 17, 2014, 2:00 PM EST
Ferrari mass exodus continues.
Dec 17, 2014, 1:30 PM EST
At least two IndyCar stars will join the Rolex 24 lineup, but teams are TBD.
Dec 17, 2014, 1:23 PM EST
Ben Kennedy, the great-grandson of NASCAR founder Bill France Sr. and 2014 Camping World Truck Series Rookie of the Year, will race for Red Horse Racing in 2015, the team announced Wednesday.
Dec 17, 2014, 12:46 PM EST
As we continue our series on the top 30 drivers of the 2014 NASCAR Sprint Cup Series, next up is series veteran Greg Biffle.
Dec 17, 2014, 12:10 PM EST
James Hinchcliffe tests Tuesday at Sebring with Schmidt Peterson.
Dec 17, 2014, 12:00 PM EST
Crafton made history in the NASCAR Camping World Truck Series this year as its first back-to-back champion.
Dec 17, 2014, 11:00 AM EST
Allmendinger propelled his single-car team into the Chase with a win at Watkins Glen.
Dec 17, 2014, 10:32 AM EST
We’ve all been there, Jimmie. We’ve all been there.
Dec 17, 2014, 9:00 AM EST
No drivers, but DCR’s shock/damper program should be good in 2015.
Dec 16, 2014, 8:04 PM EST
It’s not an ideal situation for NASCAR, but as the NASCAR AMERICA gang explained today, it’s not a hopeless one either.
Dec 16, 2014, 7:14 PM EST
Patricia Driscoll broke down on the stand during the hearing in Dover, Delaware.
Dec 16, 2014, 5:30 PM EST
A two-day website auction on the assets of the former F1 outfit began today.
Dec 16, 2014, 4:44 PM EST
Scott Hargrove to test for 8Star’s Indy Lights team.
Dec 16, 2014, 4:30 PM EST
Coming up: What will Sprint’s departure in 2016 mean for NASCAR’s future?; Steve Letarte revisits his final race as a crew chief; more on the health of Brian Vickers; the inspiring story of the NHRA’s Jay Blake.
Video from NASCAR America
- Kurt Busch calls ex-girlfriend’s allegations a ‘fabrication’ 6
- Fry, Tombazis out as part of Ferrari’s ongoing restructuring 1
- Sprint to end title sponsorship of NASCAR’s Cup Series after 2016 (VIDEO) 17
- NBC SportsWorld: The vision of blind NHRA crew chief Jay Blake 1
- Rutledge Wood joins NBC Sports Group’s NASCAR and motors coverage 6
- NASCAR expands Sprint Unlimited field to include Chase drivers 3
- Health issues to sideline Brian Vickers for early part of 2015 Sprint Cup season 5