Sauber pushing for F1 cost reduction
16 December 2012 – Formula One veteran Peter Sauber singled out a cost reduction for teams as the sport’s main challenge in the current era. Sauber, who relinquished the role of team principal in favour of Monisha Kaltenborn earlier in the season, suggested the solution to the current situation is to resume talks on budget cap.
With the closure of HRT, one of the three teams enticed into Formula One by the promise of a never-implemented £40 million cap on expenditure, the problem of costs was brought to the forefront of the sport once again. The FIA, Bernie Ecclestone and the various teams and constructors agreed during discussions that cost reduction is a priority, but Sauber complained about the glacial pace of negotiations.
“The progress has been slower than slow,” said the Swiss, who first entered the Championship in the 1993 season. “Formula One is too expensive today, that’s the important fact. That’s not only for Sauber, it’s also for some of the big teams and I hope they realise that they have to do something.”
With big-hitters such as Ferrari and Red Bull concerned a cap on costs might erode their competitive edge and minnow teams not carrying much influence yet, the lion’s share of the lobbying is left to mid-pack teams like Sauber.
“That is the right way we should be going,” confirmed Kaltenborn, who took the team's reins after the Japanese Grand Prix. “We should eventually reach the point where we have a budget cap.”