It is currently 23 Jun 2017, 20:54

All times are UTC




Post new topic Reply to topic  [ 2 posts ] 
Author Message
 Post subject: Budget cap set for 2009 (and maybe onwards)
PostPosted: 17 Jan 2008, 17:30  
Moderator
User avatar

Joined: 26 Oct 2007, 13:46
Posts: 1866
Location: Finland
A budget cap is to be introduced in Formula One from the start of 2009, FIA president Max Mosley has confirmed.

In a letter sent this week to all 11 team bosses, Mosley outlines that plans for a budget cap are to now be put in motion after the idea received widespread support in a meeting in Paris last week.

Mosley outlines details of the budget cap plans in the letter, a copy of which has been seen by autosport.com, and confirms that areas falling outside the budget cap are engine costs, marketing and promotion, plus team principals' wages.

"Starting in 2009, there will be a cap on expenditure for all Formula One costs other than engines (as to which, see above), drivers and expenditure exclusively for promotion and marketing," wrote Mosley in the letter.

"Because of the variety of arrangements, particularly shareholdings, team principals' remuneration will not be included in the cap."

A meeting between FIA technical advisor Tony Purnell and financial representatives of the teams will be held in Paris on January 31, after which the FIA hopes to set the budget cap figure for 2009, and possible 2010 and 2011 as well.

So, the top drivers will still keep their huge salaries, but the car development will definitely decline. The performance of the cars will probably come closer to each other, but then again, it's hard to beat the opponent if you can't make drastic, expensive developments.

What do you think?

_________________
Image
Share on Facebook Share on Twitter Share on Orkut Share on Digg Share on MySpace Share on Delicious Share on Technorati 
 Offline Profile  
 
 Post subject: Re: Budget cap set for 2009 (and maybe onwards)
PostPosted: 17 Jan 2008, 21:40  
F1 Driver
User avatar

Joined: 26 Dec 2006, 14:05
Posts: 2360
Location: Malta
I agree with the budget capping. It's better than freezing engine, limiting tests and 2 race engine.

This way teams can focus their budget according to what they think is best for the team

_________________
Image
 Offline Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 2 posts ] 

All times are UTC


Who is online

Users browsing this forum: Google [Bot] and 9 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
Jump to:  
cron

F1Zone.net is proudly powered by phpBB