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.
Aug 31, 2014, 4:00 AM EDT
Will Power’s brother Damien provides raucous, hilarious commentary as Will drove towards the Verizon IndyCar Series title.
Aug 31, 2014, 3:00 AM EDT
They rallied to claim Top-5 finishes in Saturday’s IndyCar season finale, but Ed Carpenter and James Hinchcliffe were left wanting more.
Aug 31, 2014, 2:35 AM EDT
Simon Pagenaud reveals a possible, potential hint on his future after a forgettable and largely frustrating Fontana finale.
Aug 31, 2014, 1:59 AM EDT
Tony Kanaan gets on the board to cap off a second half of the 2014 season where he came close to winning several times, and finally broke through.
Aug 31, 2014, 1:21 AM EDT
The three-time Indy 500 champion contends at Fontana, but a pit entry violation going into his final stop ends his bid for a championship.
Aug 31, 2014, 12:54 AM EDT
Will Power has, at long last, become a Verizon IndyCar Series champion. Meanwhile Tony Kanaan takes the win in Auto Club Speedway finale.
Aug 30, 2014, 11:33 PM EDT
The Indy 500 champ is threatening to win another 500-miler in the Verizon IndyCar Series.
Aug 30, 2014, 11:00 PM EDT
HAMPTON, Ga. – Dale Earnhardt Jr. joined the chorus of voices welcoming Tony Stewart back to racing this weekend at Atlanta Motor Speedway.
Aug 30, 2014, 10:15 PM EDT
HAMPTON, Ga. – Kevin Harvick made it look more than easy en route to victory in Saturday’s Great Clips 300 to Benefit Feed The Children at Atlanta Motor Speedway. Harvick dominated the event, leading 159 of the event’s 195 laps in his third career NNS win at the high-speed 1.5-mile track.
Aug 30, 2014, 8:30 PM EDT
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Aug 30, 2014, 7:48 PM EDT
Mikhail Aleshin still in hospital but in stable condition after accident Friday night at Auto Club Speedway.
Aug 30, 2014, 7:30 PM EDT
The open-wheel veteran turns in a final-round lap of 109.889 mph around Canadian Tire Motorsports Park to claim pole for Sunday’s Chevrolet Silverado 250.
Aug 30, 2014, 7:08 PM EDT
HAMPTON, Ga. – Matt Kenseth and Joey Logano put the Happy in Happy Hour Saturday evening at Atlanta Motor Speedway, setting the top speeds in the final tuneup for Sunday’s Oral-B USA 500.
Aug 30, 2014, 5:56 PM EDT
HAMPTON, Ga. – Chase Elliott has won three races thus far in his rookie season on the NASCAR Nationwide Series circuit. But the son of NASCAR Hall of Famer Bill Elliott has never won a pole position in the NNS – until Saturday.
Aug 30, 2014, 5:24 PM EDT
This may be the strangest place we’ve seen Earnhardt’s iconic No. 3 GM Goodwrench Chevrolet in a long time.
Aug 30, 2014, 4:40 PM EDT
HAMPTON, Ga. — Johnny Morris, president of Bass Pro Shops and one of the primary sponsors of Tony Stewart’s No. 14 Chevrolet, released a statement of support for his close friend on Saturday.
Aug 30, 2014, 4:30 PM EDT
Out of all the Chase-bound drivers, “Rowdy” may be the one in most need of a good performance at Atlanta Motor Speedway this weekend.
Aug 30, 2014, 4:14 PM EDT
HAMPTON, Ga. — When you’re hot, you’re hot: Bristol winner Joey Logano and pole sitter Kevin Harvick were the fastest drivers in Saturday’s final Sprint Cup practice in preparation for Sunday’s Oral-B USA 500 at Atlanta Motor Speedway.
Lessons learned from Dale Earnhardt death readily seen in way NASCAR has dealt with Tony Stewart tragedy
Aug 30, 2014, 3:54 PM EDT
While the Kevin Ward Jr. tragedy occurred outside of its jurisdiction, it wasn’t the first time NASCAR has had to deal with tragedy and subsequent changes to the sport. One need look back no further than the death of Dale Earnhardt in 2001 for the resulting lessons that NASCAR learned from.
Aug 30, 2014, 3:00 PM EDT
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