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 1, 2015, 7:00 PM EDT
Mazda Road to Indy and Pirelli World Challenge race updates from Mid-Ohio as they happen on one of the busiest road racing days of the year.
Aug 1, 2015, 6:48 PM EDT
Enerson finally breaks through for overdue first Indy Lights win.
Aug 1, 2015, 5:00 PM EDT
Mercedes F1 reserve driver finishes second at the Red Bull Ring to move into the lead of the DTM championship.
Aug 1, 2015, 4:46 PM EDT
In his third career start in the ARCA Racing Series, Cole Custer breezed to victory in Saturday’s ModSpace 125 at Pocono Raceway.
Aug 1, 2015, 4:21 PM EDT
Dixon blisters previous mark for the track record at Mid-Ohio.
Aug 1, 2015, 3:30 PM EDT
At 17, Verstappen is still too young to get a road driver’s licence in Belgium.
Aug 1, 2015, 2:30 PM EDT
Stefan Johansson, a veteran of over 100 F1 starts, argues the case of customer cars in F1.
Aug 1, 2015, 2:15 PM EDT
Watch qualifying for Round 14 of the IndyCar season LIVE from Mid-Ohio.
Aug 1, 2015, 1:02 PM EDT
For fans and strategists alike, the new LED panels have been well received at Mid-Ohio.
Aug 1, 2015, 12:36 PM EDT
New global shootout for Mazda scholarship on Mazda Road to Indy is announced.
Aug 1, 2015, 12:00 PM EDT
He may have an 85 point lead at the top of the GP2 standings, but Vandoorne is not planning to play it safe for the remainder of the season.
Aug 1, 2015, 11:34 AM EDT
Dixon does it again in practice with an unofficial lap record at Mid-Ohio, finishing ahead of Newgarden and Kimball.
Aug 1, 2015, 9:30 AM EDT
Rossi is pushing to become the first American driver to make an F1 start since 2007.
Aug 1, 2015, 8:58 AM EDT
Enerson emerges from a scrap with Harvey for Indy Lights pole.
Jul 31, 2015, 6:39 PM EDT
Jamin, Cooper emerge victorious to kick off the weekend at Mid-Ohio.
Jul 31, 2015, 5:00 PM EDT
Nasr calls on the team to make it through a rough patch ahead of the next raft of updates in Belgium.
Jul 31, 2015, 4:35 PM EDT
The Mid-Ohio dominator tops Friday practice in 2015.
Jul 31, 2015, 3:00 PM EDT
Verstappen joins Team Redline’s sim racing roster in a bid to keep sharp when not on the track.
Jul 31, 2015, 2:57 PM EDT
Some news and notes from the paddock at the Mid-Ohio Sports Car Course.
Jul 31, 2015, 2:00 PM EDT
We round up all of the latest news and developments in Formula E ahead of pre-season testing next month.
- Cole Custer sails to first career ARCA win at Pocono, 9th first-time winner in series in 2015 0
- Dixon crushes lap record to score pole in Mid-Ohio (VIDEO) 1
- Johansson: Haas has done its homework ahead of F1 entry 0
- Dixon quickest with unofficial lap record in final practice at Mid-Ohio 0
- Dixon fastest on Friday at Mid-Ohio 1
- Hinchcliffe undergoes final surgery, now “can’t wait to be strapping back in” 2
- With 2016 plans undetermined, Newgarden focused on finishing 2015 strong 1