Tag Archive: budget

Mar 10

New teams’ budgets ‘not sufficient’ – Ecclestone

“Ferrari is right” F1 chief executive Ecclestone

The struggles of F1′s small new teams is proof that EUR45 million is not enough to run a competitive team, according to Bernie Ecclestone Read the rest of this entry »

Jun 24

Toro Rosso budget is ‘half’ Red Bull’s

Red Bull not considering using KERS

2009-02-092009-03-09As the media contemplates the opposing fortunes of the two Red Bull teams, Toro Rosso’s boss has revealed that the Faenza based outfit operates with a budget about half that of winning Red Bull Racing. Read the rest of this entry »

Jun 02

New teams held back by budget cap crisis

A lot depends on what happens

fia 

The ongoing dispute between existing teams and F1′s ruling bodies is thwarting prospective new competitors’ plans to enter the world championship next year.

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May 30

FOTA teams not accepting budget caps

Entries will only be valid if the proposed 2010 rules are torn up

Some observers saw Friday as an easing of hostilities, but in truth dissident teams are no closer to accepting plans for budget capping in formula one. Read the rest of this entry »

May 23

Only two teams oppose budget caps – Head

They are alone in the corner

Patrick Head, co-owner of the independent British team Williams, said on Friday that only two outfits staunchly oppose Max Mosley’s plans for a budget cap in 2010. Read the rest of this entry »

May 21

Three teams confirm budget cap support

Maximum expenditure limit would be acceptable

Three F1 team chiefs on Thursday said they would welcome the imposition of a budget cap in 2010 and beyond. Read the rest of this entry »

May 07

FOTA reveals budget cap ‘concerns’

Carmakers not considering F1 exodus – Haug

F1′s teams alliance admitted “concerns” about the 2010 budget cap after a meeting in Heathrow on Wednesday. Read the rest of this entry »

Apr 30

FIA raises budget cap figure to 40m

FIA raises car-driver weight for 2010

The figure for a voluntary budget cap in formula one next year has been increased by 10 million pounds sterling to 40m. Read the rest of this entry »

Apr 29

F1 proceeding with budget capping – Mosley

Will apply to all 2010 entrants

Formula one will proceed with budget capping to be introduced next year, Max Mosley said after a meeting of the World Motor Sport Council on Wednesday.

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Mar 27

FOTA open to budget cap concept

Bernie Ecclestone and the FIA are championing a two-tiered system

Leading lights of the FOTA team movement do not object to the concept of budget capping in formula one.

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Mar 23

Force India, new teams, back budget caps

FIA’s moves as “commendable, courageous” and “very positive”

2009-02- 28 - VJM02 - 1 Pilotes - 52Existing and potential small F1 teams on Monday offered backing to plans to make the sport more competitive for privateers. Read the rest of this entry »

Mar 21

FOTA objection to budget caps ‘weak’ – Mosley

F1 teams have never had a vote

The first shots in what was previously a cold war have now been fired, with Max Mosley and the formula one teams on opposite sides of the front line. Read the rest of this entry »

Mar 19

Webber doubts budget caps will arrive

“I’m not too bothered about it because I think it will change” -Webber

Mark Webber on Thursday backed suggestions that the voluntary budget cap scheme for 2010 is contrary to the spirit of formula one. Read the rest of this entry »

Mar 18

FIA budget cap rule a ‘shock’ – Briatore

Briatore backs new ‘gold medals’ system

Flavio Briatore has backed FOTA chief Luca di Montezemolo’s strong criticism of the rules changes unilaterally introduced this week by the FIA.

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Mar 17

FIA introduces voluntary budget cap for 2010

Will be “an alternative to running under the existing rules”

The FIA on Tuesday announced that a voluntary budget cap will apply in formula one next year. Read the rest of this entry »

Mar 01

Mosley admits budget caps possible

Allow technical freedom and limit the budgets

Max Mosley has admitted that capping the budgets of formula one teams would be a tidy way to slash costs. Read the rest of this entry »

Jan 20

Budget caps in two years – Briatore

“In two years time we can determine a budget limit” -Briatore

2009-01-19 - Devoilement de la Renault R29 1458Now is not the time, but formula one can seriously consider introducing annual team budget caps within two years, Renault team boss Flavio Briatore said on Monday.

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Sep 17

Renault budget to increase says Briatore

Our president has given his full support for the team

Briatore-01-2008-09-12Renault’s F1 budget will not be affected detrimentally by the current global financial crisis, team boss Flavio Briatore insists.

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Jul 03

F1 budget cap to be delayed – report

FIA to use 2009 as a “test year”

The real beginning of annual budget caps in formula one will be delayed until 2010, according to reports. Read the rest of this entry »


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