Tag Archive: Resource Restriction Agreement

Oct 27

Horner ‘comfortable’ with Red Bull’s spending

Christian Horner insists he is “very comfortable” with Red Bull’s stance regarding costs in formula one.

2012-08-31 - Red Bull Racing - Belgium 99004 - Christian Horner - Dr Helmut Marko2012-08-31 - Red Bull Racing - Belgium 99003 - Christian HornerIt is believed the energy drink-owned team, the reigning back-to-back world champions and the favourite to win again with Sebastian Vettel in 2012, is the sport’s biggest spender. “Red Bull spends about 250 million per season,” Williams’ Toto Wolff is quoted by El Confidencial. Read the rest of this entry »


Oct 24

Red Bull spent EUR 245m for 2011 title – report

Red Bull has the standout budget among F1’s UK-based teams, according to Germany’s Auto Motor und Sport.

2012-10-14 - Red Bull Racing - Korea - Dr Helmut Marko - Mark Webber - Sebastian Vettel - Christian Horner - Adrian Newey (1)2012-10-14 - Red Bull Racing - Korea - Sebastian Vettel (6)Citing British companies data, the magazine said Red Bull Technology – the Red Bull Racing parent – had a budget of EUR 245 million in 2011 as Sebastian Vettel sped to his back-to-back drivers’ world championship. Read the rest of this entry »


Feb 16

Team unity can survive FOTA turmoil – Whitmarsh

Lotus could become the next team to withdraw from the formula one teams association FOTA.

FOTA2012-02-01 - Vodafone McLaren Mercedes - Martin Whitmarsh 01Already departed are HRT, Sauber and Toro Rosso and also the top teams Red Bull and Ferrari, leaving fellow grandees McLaren, Mercedes and the others on the wrong side of their competitors’ former unity.

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Dec 09

Analysis – will more F1 teams quit FOTA group?

With up to five of F1’s twelve teams no longer members, the future of the FOTA alliance is on shaky ground.

FOTA2011-10-30 - Red Bull Racing - India - Sebastian Vettel - teams 1HRT pulled out at the start of the year, with team boss Colin Kolles chiding the Geneva-based association for being “just a name and not really existing in the real world”.

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Dec 07

Rivals wanted to curb Red Bull’s aero dominance – Marko

Red Bull pulled out of FOTA because the other teams were trying to curb the team’s dominance.

2011-11-26 - Red Bull Racing - Brazil (3)2011-11-26 - Red Bull Racing - Brazil - Mark Webber - Bernie Ecclestone - Sebastian Vettel - Christian HornerThat is the inkling of the energy drink company’s F1 consultant Dr Helmut Marko, referring to the failed talks over the next cost-limiting resource restriction agreement (RRA).

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Dec 06

‘No point’ to FOTA as alliance verges on collapse – Marko

Red Bull quit FOTA because the teams association had ceased to have a good purpose, Dr Helmut Marko said this week.

FOTA2011-05-07 - Red Bull Racing - Turkey - Dr. Helmut MarkoLate last Friday, after many international news editors had already called it a day for the week, the team as well as Ferrari confirmed that they had pulled out of the Geneva-based body.

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Nov 26

Team harmony still on rocks after FOTA meeting

The F1 teams’ cost-limiting resource restriction agreement (RRA) has sped closer to its death in Brazil.

FOTA2011-06-30 - FOTA - Martin Whitmarsh Chairman of FOTA and Team Principal, Vodafone McLaren Mercedes - Ross Brawn 01A FOTA meeting at Interlagos on Friday had in the F1 paddock been referred to as “make or break”, with the teams at odds over the details.

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Oct 16

Horner hints FOTA group could ‘stop’

The health of the formula one teams association seemed in danger on Sunday as a bosses meeting broke.

2011-10-14 - Red Bull Racing - Korea - Christian HornerFOTAFOTA has scheduled another meeting for Abu Dhabi next month but the association seems at loggerheads over the future of the cost-limiting gentleman’s Resource Restriction Agreement.

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May 21

Red Bull hits back at Schu’s staff limit jibe

“Mr Schumacher should be asking how many people work on his Mercedes engine in Brixworth” – Marko

2011-05-20 - Red Bull Racing - Spain - Sebastian Vettel 42011-05-20 - Red Bull Racing - Spain - Sebastian Vettel 13Dr Helmut Marko has hit back at Michael Schumacher after the seven time world champion accused Red Bull of breaching the rules about staff numbers. Earlier this month, the Mercedes driver referred to a clause in the Resource Restriction Agreement when he said “certain teams don’t respect that”. Read the rest of this entry »


May 06

Red Bull breaching staff number limits – Schumacher

“We are not on the same playing field”

2011-03-26 - Mercedes GP Petronas F1 Team - Australia - Michael Schumacher 052011-04-19 - Red Bull Racing - China - Mark Webber 01Michael Schumacher has accused Red Bull of failing to adhere to an agreement about staff numbers in formula one. Ross Brawn slashed the workforce of the Brackley based team after Honda’s withdrawal, and kept those numbers low despite German carmaker Mercedes taking over in 2010. Read the rest of this entry »


Mar 18

Big teams pay parts suppliers more – Gascoyne

Even in the race for suppliers, F1’s better funded bigger teams are winning the race.

2011-02-03 - Team Lotus - Valencia - Mike Gascoyne - Heikki Kovalainen2011-02-03 - Team Lotus - Valencia - Petri Leihikkonen - Jody Egginton - Mike Gascoyne - Heikki KovalainenThat is the claim of Team Lotus technical director Mike Gascoyne, after a report in Germany’s Auto Motor und Sport said the grandees are paying the limited number of suppliers extra money for faster service. Read the rest of this entry »


Feb 13

Horner says F1 budget cap back on agenda

Talks for an overall limit on team spending are “heading in the right direction”

2011-02-11 - Red Bull Racing - Valencia - Christian Horner2011-02-11 - Red Bull Racing - RB7 car presentation 0000The idea of budget caps in formula one triggered a political war two years ago, but it is back on the agenda now according to Red Bull boss Christian Horner. Read the rest of this entry »


Feb 07

Marussia Virgin Racing reveils the MVR-02

Together with Marussia Virgin Racing’s Vision for the Future
Lights, camera, action!

2011-02-08 - MVR-02 00152011-02-08 - MVR-02 0016The Marussia Virgin Racing Formula One team has unveiled its 2011 season challenger – the MVR-02 – at the BBC’s Television Centre in London, where the team also took the opportunity to outline its vision for 2011 and beyond following last week’s management restructure.

(click here for photo album)

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Jan 12

FOTA investigating team overspending charge – Domenicali

It is believed Red Bull has been compelled to submit its accounts to FOTA as part of the investigation

2010-11-13 - Red Bull Racing - Dr Helmut Mark - Stenafo Domenicali - Christian HornerFOTAFOTA is investigating claims about a potential breach last year of the cost-limiting agreement, the F1 team body’s vice-chairman Stefano Domenicali revealed on Wednesday. Read the rest of this entry »


Jan 10

Horner denies Red Bull broke cost-saving agreement

Horner confirmed that Red Bull has not yet signed a new RRA.

2010-11-13 - Red Bull Racing - Dr Helmut Mark - Stenafo Domenicali - Christian HornerCharles Horner-11-2010Team boss Christian Horner has denied claims Red Bull flouted a cost-saving agreement on the way to winning the world championships in 2010. Read the rest of this entry »


Jan 10

Big team spending threatens FOTA unity

HRT’s logo has been removed from the website of the formula one teams association FOTA.

Hispania Racing HRT F1 Team logoFOTAThere are varying accounts of why the back-of-the-grid Spanish team has left the body, including some claims that FOTA simply suspended Hispania because it had not paid its EUR 100,000 membership fee. Read the rest of this entry »


Dec 24

Resource Restriction Agreement (RRA) has proved an ineffective substitute for his budget cap proposal

Red Bull asks for cost agreement exception – Mosley

2010-11-16 - Red Bull Racing 00272010-11-16 - Red Bull Racing 0025Red Bull might have broken the F1 teams’ cost saving agreement, according to former FIA president Max Mosley. During an interview with Germany’s Auto Motor und Sport, the 70-year-old said the Resource Restriction Agreement (RRA) has proved an ineffective substitute for his budget cap proposal that was the subject of a bitter dispute in 2009. Read the rest of this entry »


Sep 30

Teams agree operational budget cap for 2011 and beyond

The report said teams may no longer spend any more than EUR 20 million

Flagworld - F1Formula one teams have agreed a budget cap for operational spending in 2011 and beyond, according to an Italian media report. Earlier this week, we reported that team bosses discussed the so-called Resource Restriction Agreement in Singapore last weekend. Read the rest of this entry »


Sep 28

F1 cost-cutting pact discussed in Singapore

There are signs that some of the sport’s existing teams are struggling.

2010-09-26 - AT&T Williams - Rubens Barrichello 02A major topic of conversation during a team bosses meeting in Singapore was the so-called Resource Restriction Agreement. At the resolution of last year’s political crisis, and the signing of a new Concorde Agreement, the teams promised the FIA to reduce their spending to the levels seen in formula one in the early 90s. Read the rest of this entry »