Ecclestone refreshes budget cap idea

Ecclestone refreshes budget cap idea

12 March 2012 – Bernie Ecclestone, head of Formula One Management (FOM), has suggested that a budget cap should be seriously considered in order to provide F1 with a healthy future. Such proposals originally fell through in 2009.

Three years ago, a budget cap idea was one of the prime motivators for teams such as Manor Motorsport (now Marussia F1) and Campos Meta (now HRT) to join the grid; however, as large manufacturer outfits such as Ferrari and BMW strongly opposed the idea, any plans for a spending limit were scrapped prior to the new campaign.

In the eyes of Ecclestone, Formula 1’s teams must wake up and realise that spending astronomical amounts is both unnecessary and unhealthy for the sport.

Ecclestone claims F1's largest teams are spending too much

“Let’s put it this way: there are still too many people in Formula 1 running around with rose-tinted glasses,” Ecclestone told the official F1 website. “They obviously like to see the world as they want it to be - wonderful, the sun is shining, isn’t life delightful - and not how it is. The downside of these glasses is that they blind you to reality. Change the colour of your glasses and tighten your belts. Stop spending more than you need to.

“The teams have to learn to be competitive without tons of money. They have to refocus again on the basics - on racing, spending on the sport - and not on baronial motorhomes and all kinds of entertainment; we have had this kind of problem for quite a while now, as of course they spend what they have. You could install a mandatory budget for all teams - on the basis of the smaller teams - but they (the big teams) don’t like it and fiercely fight against it.”

When asked whether he would back an official proposal, Ecclestone replied:

“I would welcome it. Yes, I think it could happen.”

He added that ‘discussions’ relating to the new Concorde Agreement continue to take place. The budget cap comments follow another idea from Ecclestone last week, when the 81-year-old suggested that F1’s newest teams should be able to enjoy use of old, front-running customer cars (designed and built by bigger teams) for their first three seasons in the sport. He is known to suggest debatable ideas shortly before the start of a new season; in 2011, the Englishman put forward the proposition of automated sprinkler systems affecting Grands Prix.

related

Comments

Latest News
Full
Compact

  1. Wednesday 27 August 2014

  2. Renault with 'renewed confidence' for Monza 09:00

    Renault with 'renewed confidence' for Monza

    Renault has said it will go to the Italian Grand Prix next week with "renewed confidence". The French manufacturer took...

    F1
  3. Video of the Day: Wind tunnel guide - Part 7 05:00

    Video of the Day: Wind tunnel guide - Part 7

    Sauber's Head of Aerodynamics, Willem Toet, continues his talk on the science of F1 wind tunnel design.

    F1
  4. Tuesday 26 August 2014

  5. Video: Onboard with Vettel in Sochi 18:05

    Video: Onboard with Vettel in Sochi

    Join Red Bull's Sebastian Vettel as he becomes the first ever Formula 1 driver to do a lap of the Sochi Autodrom, venue for...

    F1
  6. Ecclestone: Greece 'keen' to hold F1 race 17:30

    Ecclestone: Greece 'keen' to hold F1 race

    Formula 1 supremo Bernie Ecclestone has revealed that a grand prix in Greece is still a possibility, even though the...

    F1
  7. FIA will not take action against Rosberg 16:38

    FIA will not take action against Rosberg

    The FIA has no plans to investigate Nico Rosberg despite Lewis Hamilton's claims that German admitted he had deliberately...

    F1
  8. Pedrosa with 'good momentum' for Silverstone 15:30

    Pedrosa with 'good momentum' for Silverstone

    Repsol Honda rider Dani Pedrosa says he will take "good momentum" to Silverstone this weekend for the British Grand...

    MotoGP
  9. 15:18

    Photos: Vettel laps Sochi Grand Prix Circuit

    F1
  10. Verstappen makes Formula 1 test debut 14:32

    Verstappen makes Formula 1 test debut

    Max Verstappen tested a Formula 1 car for the very first time today at Rockingham Motor Speedway in Northamptonshire. The...

    F1
  11. Alonso: Mercedes will struggle to keep peace 13:05

    Alonso: Mercedes will struggle to keep peace

    Fernando Alonso believes Mercedes will find it "difficult" to keep both Nico Rosberg and Lewis Hamilton happy this...

    F1
  12. Whitmarsh officially leaves McLaren 12:16

    Whitmarsh officially leaves McLaren

    Martin Whitmarsh has now officially left McLaren, it has been confirmed, with both "agreeing amicably to part...

    F1
  13. Ricciardo 'staying grounded' amid title talk 12:10

    Ricciardo 'staying grounded' amid title talk

    Daniel Ricciardo says he is "staying grounded" and will not get carried away, despite suggestions he might have an outside...

    F1
  14. 11:28

    Photos: Belgian GP in black and white

    F1
  15. Vettel becomes first driver to sample Sochi 10:30

    Vettel becomes first driver to sample Sochi

    Sebastian Vettel has become the first Formula 1 driver to do a full lap of the Sochi Autodrom circuit ahead of the inaugural...

    F1
  16. Winners and Losers at the Belgian Grand Prix 10:00

    Winners and Losers at the Belgian Grand Prix

    Spa-Francorchamps played host to a captivating and controversial race as Daniel Ricciardo claimed his third win of the...

    F1
  17. Button: Shame it is not a cleaner fight 09:35

    Button: Shame it is not a cleaner fight

    McLaren's Jenson Button says it is a "shame" that it is not a "cleaner fight" between Nico Rosberg and Lewis Hamilton for...

    F1
  18. Caterham: More updates on way for Monza 09:00

    Caterham: More updates on way for Monza

    Caterham Team Principal Christijan Albers has confirmed that the outfit will have more updates for the Italian Grand Prix...

    F1
  19. Video of the Day: Neuville's big shakedown crash 05:00

    Video of the Day: Neuville's big shakedown crash

    In case you missed it, here is how Thierry Neuville warmed-up for Rallye Deutschland, where he took his - and Hyundai's -...

    WRC
  20. Monday 25 August 2014

  21. Horner: Not Vettel's fault he only finished fifth 18:05

    Horner: Not Vettel's fault he only finished fifth

    Red Bull Team Principal Christian Horner has defended Sebastian Vettel and has said it was not "his fault" he only finished...

    F1
  22. Lotus still looking for 'pot of good luck' 17:22

    Lotus still looking for 'pot of good luck'

    Federico Gastaldi says that Lotus will "keep looking for that pot of good luck" after more misery in the Belgian Grand...

    F1
  23. Fry: Start procedures need to be improved 16:39

    Fry: Start procedures need to be improved

    Ferrari engineering guru Pat Fry says the team will need to "learn to improve" its procedures in light of Fernando Alonso's...

    F1
  24. Video: Rosberg denies Hamilton claims 15:40

    Video: Rosberg denies Hamilton claims

    Nico Rosberg has disputed claims made by Lewis Hamilton that he admitted to deliberately crashing into him. The German...

    F1
  25. Lotterer thanks Caterham for F1 outing 15:30

    Lotterer thanks Caterham for F1 outing

    André Lotterer has thanked the Caterham F1 team after he got the chance to compete for the squad in Belgium and make his...

    F1
  26. Button enjoys playing 'long game' in Belgium 14:14

    Button enjoys playing 'long game' in Belgium

    Jenson Button says he had "fun" en-route to an eventual sixth place finish in the Belgian Grand Prix. Button started...

    F1
  27. Video: Sonoma IndyCar highlights 13:57

    Video: Sonoma IndyCar highlights

    Scott Dixon wins the penultimate round of the 2014 IndyCar season at Sonoma.

    Indy
  28. Kvyat: This was a good but tough race 13:02

    Kvyat: This was a good but tough race

    Daniil Kvyat enjoyed "a positive weekend" and took his fifth points finish of the season on Sunday in the Belgian Grand...

    F1
  29. Pérez: I achieved the most possible at Spa 12:15

    Pérez: I achieved the most possible at Spa

    Sergio Pérez reckons he achieved the "most that was possible" during the Belgian Grand Prix. The Mexican started down in...

    F1
  30. Mercedes to 'strengthen focus' on Constructors' 11:03

    Mercedes to 'strengthen focus' on Constructors'

    Mercedes boss Toto Wolff has confirmed the team will "strengthen its focus" on securing the Constructors' Championship now...

    F1
  31. Rosberg: Hamilton clash a 'racing incident' 10:18

    Rosberg: Hamilton clash a 'racing incident'

    Nico Rosberg has insisted the collision with Mercedes team-mate Lewis Hamilton during the Belgian Grand Prix was a "racing...

    F1
  32. Vettel: Maybe the racing was a bit too hard 09:46

    Vettel: Maybe the racing was a bit too hard

    Sebastian Vettel has said the racing "sometimes" was "maybe a bit too hard" in the closing stages of the Belgian Grand...

    F1
  33. 06:04

    Latest IndyCar photos: Sunday at Sonoma

    Indy
  34. Dixon outlasts field at Sonoma after leaders falter 06:03

    Dixon outlasts field at Sonoma after leaders falter

    Scott Dixon came from third on the grid to outlast the field in the closing laps to win the GoPro Grand Prix of Sonoma on...

    Indy
  35. Video of the Day: Youngsters on Max promotion 05:00

    Video of the Day: Youngsters on Max promotion

    Fellow young hopefuls share their views on Max Verstappen's Formula 1 promotion with Toro Rosso.

    F1
  36. 03:00

    Championship standings after Belgium

    F1
  37. Sunday 24 August 2014

  38. 18:00

    Latest F1 photos: Sunday at Spa-Francorchamps

    F1
  39. Alonso feels podium finish was possible 17:55

    Alonso feels podium finish was possible

    Fernando Alonso felt a podium finish would have been possible in Sunday's Belgian Grand Prix without his start grid...

    F1
  40. Hamilton: Rosberg admits he hit me deliberately 17:18

    Hamilton: Rosberg admits he hit me deliberately

    Lewis Hamilton says Mercedes team-mate Nico Rosberg admitted in a post-race meeting that he hit him deliberately during...

    F1
  41. Bottas pleased to achieve podium target 16:59

    Bottas pleased to achieve podium target

    Valtteri Bottas says he was pleased to achieve his pre-race target of finishing on the podium in Sunday's Belgian Grand...

    F1
  42. Magnussen penalised for Alonso move 16:24

    Magnussen penalised for Alonso move

    Formula 1 rookie Kevin Magnussen has been given a 20-second time penalty after his fierce battle with Fernando Alonso at the...

    F1
  43. Mercedes chiefs hit out at Rosberg 16:18

    Mercedes chiefs hit out at Rosberg

    Mercedes boss Toto Wolff has described as "unacceptable" Nico Rosberg's clash with team-mate Lewis Hamilton at the Belgian...

    F1
  44. Rosberg hopes Hamilton relationship survives 15:55

    Rosberg hopes Hamilton relationship survives

    Nico Rosberg hopes his relationship with Mercedes team-mate Lewis Hamilton will extend beyond their Belgian Grand Prix...

    F1
more news