Mosley warns F1 could lose more teams

By on Monday, October 27, 2014
Marussia F1 Team

Marussia F1 Team

Former FIA President Max Mosley has warned that Formula 1 could lose more teams due to the current costs of competing in the sport.

Marussia and Caterham will miss this weekend's United States Grand Prix after calling in the administrators, meaning that only nine teams will enter a race for the first time since 2005, when BAR-Honda was banned.

But Mosley warned that other teams could fall foul of financial problems due to the governance of the sport.

"It's not a fair competition anymore," Mosley told BBC Radio 5 live. "The big problem is that the big teams have so much more money than teams like Caterham and Marussia.

"In the end, they were bound to drop off – and they may not be the last."

Mosley, who spent 16 years at the helm of the FIA, believes there needs to be a fairer distribution of money within the sport.

"From a sporting point of view, the sport should split the money equally and then let the teams get as much sponsorship as they can," he said.

"A team like Ferrari will always get more sponsorship than Marussia, but if they all get the same basic money, then they all start on a level-playing field, particularly if you have a cost cap where you limit the amount of money each team is allowed to spend."

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