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Oct 28

Ecclestone pushing for F1 ‘budget cap’

Ecclestone now concedes V6s arriving in 2014

2012-10-14 - Red Bull Racing - Korea - Sebastian Vettel - Mark Webber (5)2012-06-07_0277Bernie Ecclestone has admitted he is pushing to introduce a ‘budget cap’ in formula one. Bernie Ecclestone has all but conceded that F1 will say goodbye to its familiar V8 engines late next year.

Reports indicate the F1 supremo envisages a team’s maximum spending at US $250 million per year.

“We are definitely looking at a budget cap,” the Briton, who turns 82 on Sunday, told the Times of India.

“The cap will include everything, even driver retainers,” said Ecclestone.  “But at the moment it’s my idea.  Only about 50 per cent of the people support me on this.”

The smaller teams are undoubtedly among those who favour the idea of spending limits, but McLaren’s Martin Whitmarsh thinks the $250m idea will not be too helpful to them.

“It sounds like quite a lot of money, so I don’t know how much it’s going to help too many teams,” he told the BBC.

Whitmarsh does not, however, think Ecclestone’s figure should therefore be lower, as he thinks the idea is too simplistic.

“It (a total cap) has the elegance that you can describe it very quickly but it is very difficult then to find out where that money is and (how) to control it,” he said.

Ecclestone now concedes V6s arriving in 2014

Bernie Ecclestone has all but conceded that F1 will say goodbye to its familiar V8 engines late next year.

The F1 chief executive is worried about the tamer tones of the turbo V6 engines that are under development for 2014, and had indicated a delayed introduction of the radical new rules was possible.

But when asked about the issue in India, 82-year-old Ecclestone answered: “We’re used to these (V8) engines.

“Maybe we’ll get used to the new ones (too),” he is quoted by the Hindustan Times.

And Ecclestone issued a firm “no” when asked if some V8s might still be allowed on the 2014 grid, as per the ‘equivalency’ compromise of 2006 when the current engine rules were phased in.

“The rules should be the same for everyone,” he insisted.

source: GMM

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