“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
|
|
 |
 |
 |
 |
 |
Tag Archive: budget
Mar 10
New teams’ budgets ‘not sufficient’ – Ecclestone
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. 
Three F1 team chiefs on Thursday said they would welcome the imposition of a budget cap in 2010 and beyond. 
The figure for a voluntary budget cap in formula one next year has been increased by 10 million pounds sterling to 40m. 
Mark Webber on Thursday backed suggestions that the voluntary budget cap scheme for 2010 is contrary to the spirit of formula one. 
Flavio Briatore has backed FOTA chief Luca di Montezemolo’s strong criticism of the rules changes unilaterally introduced this week by the FIA.
Renault’s F1 budget will not be affected detrimentally by the current global financial crisis, team boss Flavio Briatore insists.