ScotlandWalesNorthern Ireland
BBCiCATEGORIES  TV  RADIO  COMMUNICATE  WHERE I LIVE  INDEX   SEARCH 

BBC SPORT
You are in: Motorsport: Formula One  
News imageNews image
Front PageNews image
FootballNews image
CricketNews image
Rugby UnionNews image
Rugby LeagueNews image
TennisNews image
GolfNews image
MotorsportNews image
StatisticsNews image
Formula OneNews image
World RallyNews image
MotorbikesNews image
BoxingNews image
AthleticsNews image
Other SportsNews image
Sports TalkNews image
In DepthNews image
Photo GalleriesNews image
TV & RadioNews image
BBC PunditsNews image
Question of SportNews image
Funny Old GameNews image
News image

Around The Uk


Commonwealth Games 2002

BBC News

BBC Weather

SERVICES 
 Saturday, 13 April, 2002, 13:29 GMT 14:29 UK
Changes 'will stop teams going bust'
The start of the 2002 Formula One season
F1's future is at stake, according to Mosley
Formula One rule changes that will restrict teams to one engine per Grand Prix weekend are needed to save teams from bankruptcy, according to motorsport boss Max Mosley.

The new rules will be introduced for the 2004 season and are part of a major cost-cutting drive introduced by Mosley in F1.

Some top teams have claimed that the changes will not achieve what he wants.

But Mosley said that they were needed to stop some of the smaller teams going out of business.


F1 is spending more than it has got and we cannot allow that to continue
Max Mosley
FIA president

The ruling effectively bans the use of high-revving engines just for qualifying - drivers will be demoted 10 places on the grid if they have to use a second engine during a race weekend.

"The idea that you fit three different engines in a weekend is massively uneconomic," Mosley said.

"It is terribly wasteful at a time when several of the teams have not got enough money.

"We can have some idealised view of things and say it nice to let everybody do what they want and spend as much money as they want.

"But when we start losing two, three or four teams off the back of the grid suddenly the whole of F1 is under threat.

"If you are the governing body one of your tasks is to try and foresee this possibility and deal with it.

'Holes in budgets'

"It is all very well for the top teams to say: 'If you save me $20-30m a year I will simply spend it on something else'.

"They have got the money and we are not concerned with that.

"The people we are concerned with are the people who are missing $20-30m out of their budget and absolutely no way of filling the hole.

"If you are spending, which some teams are, as much as $20-30m more than you have got you cannot do it for very long.

FIA president Max Mosley
Mosey is on a cost-cutting drive
"F1 is spending more than it's got as far as the smaller teams at the back of the grid are concerned, and we cannot allow that to continue.

"You will find they will go out of business and our job is to keep F1 together.

"Everybody in the media knows that advertising revenue has dropped significantly, in some cases dramatically.

"It takes a little bit longer in F1 because of the contracts. They don't do the advertising week to week, they make it a two or three-year contract.

"But don't be under any illusion that the income is not going to go down. It is already insufficient. You cannot just sit there and pretend it's not happening, that's how people go bankrupt."

At least two teams in F1 are said to be lacking sufficient funds to take them to the end of this season.

Mosley also wants to ban all testing from February to November but the teams are fighting this.

See also:

22 Mar 02 |  Formula One
Mosley pushes for testing ban
20 Mar 02 |  Formula One
Radical F1 changes given go-ahead
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Formula One stories are at the foot of the page.

 

E-mail this story to a friend

Links to more Formula One stories

News image
News image
^^ Back to top