With Caterham and Marussia in the throes of failure, the governing FIA has admitted it is concerned about the financial situation in F1.
Tag Archive: Monisha Kaltenborn
F1 risks sliding into crisis and having to reinvent its very DNA as struggling backmarker teams begin to succumb to collapse.
HRT folded in 2012, and now F1’s two other newest teams Caterham and Marussia are in the throes of financial administration. Organisers of next weekend’s US grand prix look set to welcome just 9 teams to an 18-car grid, unprecedented since BAR-Honda was banned for a time almost a decade ago.
Bernie Ecclestone has argued consistently that F1’s first visit to Russia should not be mixed with the country’s political situation.
F1 has made the 8,000 kilometre trek from Suzuka to the all-new Sochi Autodrom, but many are not in the mood to celebrate the sport’s latest destination. That is not just because the Russian grand prix is controversial in the shadow of the Ukraine conflict, with president Vladimir Putin slated to attend.
Ferrari has split from the pack and declared its support for three-car teams in formula one.
Amid rumours up to three or four teams are in financial peril, Bernie Ecclestone said in Singapore that the sport would fill the grid gaps by requiring top teams to move from two to three-car operations as soon as 2015.
Russia and formula one are pushing ahead with preparations for the country’s inaugural grand prix.
There have been doubts about the viability of the Sochi race in recent weeks, particularly after the MH17 disaster. But Russia’s Championat claims that preparations for the Russian grand prix, scheduled for mid October, are ongoing.
F1 team bosses are heading for a clash with Bernie Ecclestone over the shape of the next grand prix calendars.
It has emerged that Mexico is joining the schedule next year, and Azerbaijan and possibly New Jersey in 2016. That would blow the number of races out from 19 – comfortably under the Concorde Agreement limit of 20 – to a potential 22.