FORUMula1.com - F1 Forum

[Frosty]

I am not a Ferrari fan in that I don't cheer for them to win each race...but I certainly do appreciate a builder who does everything in house. I appreciate having Ferrari on the grid and want them to continue to be there...partly because they are an F1 powerhouse and partly because I enjoy watching other colors passing red cars on the track.

I doubt Ferrari is going anywhere, budget cap or not...but I can see their point about budget caps being ridiculous.

Max: Hello teams, you can now only spend $40 million dollars a year.
Ferrari: No problem. We buy our engines for 25 dollars each.
Max: Hold on, you build your own engines.
Ferrari: No sir, those are built by Ferrari F1 Engines Inc. and they charge us 25 dollars per engine...installed.
Max: Ok, well that's pretty cheap...and that's good for the entire sport.
Ferrari: Well, not exactly. That same engine costs 5 million if another team wants to buy it.
Max: You can't do that.
Ferrari: Maxxie boy, you can't tell us what to charge for our products. Nor can you tell our factory not to charge us 4 dollars per hour for air tunnel time. I don't know what in the world made you think you could regulate something like spending, but now that you are trying....sooner or later you will figure out how much time you are wasting
Max: You have been a bad prisoner, bend over that table and hand me the bullwhip, the whipped cream and the synthetic motor oil

[scotty]

Button backs F1 budget cap plan

Formula One championship leader Jenson Button has backed the introduction of a £40m budget cap from 2010.

The cap is part of a raft of proposals to shake up F1 announced by governing body the International Automobile Federation (FIA) on Thursday.

"For the manufacturers and the bigger teams I'm sure they don't want that, but for teams like Brawn we need that for the future," Button told BBC Sport.

"It's the way F1 has to go in the times that we are experiencing," he added.

F1 is dominated by manufacturers who are suffering in the global downturn with the result of slumping car sales, while Button's former team Japan's Honda pulled out of the sport in 2008.

"For the teams that are not manufacturers this is what we need," said Button speaking at the Sport Industry Awards for 2009.

"For us and Williams and a few other teams we'll be reasonably happy with the decision - it's going in the direction that we need it to."

However, Ferrari president Luca di Montezemolo claimed that the budget cap would result in a "fundamentally unfair and perhaps even biased" championship.

In a letter to FIA president Max Mosley, the Italian said: "Any controversy on the actual respect of the cost cap would undermine the image of F1 and could seriously damage any involved team."

He added that had "always been concerned" about the introduction of a budget cap "mainly because I consider that there are serious technical difficulties in making sure [it] can realistically be monitored".

In reply, Mosley reiterated his fears that not acting to drastically cut costs in F1 could threaten the very future of the sport.

Teams are free to chose whether to be governed by the cap but those that opt out face certain restrictions.

Some teams are spending £160m each year and the proposed introduction of the budget cap has raised fears that F1 will become a two-tier sport.

McLaren's Martin Whitmarsh wants a solution which "may or may not include a budget cap, but which ideally would not encompass a two-tier regulatory framework".

Those who comply with the budget cap will gain greater technical freedom and unlimited out-of-season testing.

The FIA is to allow three new teams to enter from next year and those that join and work within the cap will get money from the commercial rights holder, a proposal that was welcomed by Aston Martin and Prodrive chairman David Richards.

"We remain encouraged by the new rules which have the potential for a team to be commercially viable and competitive on a far more realistic budget," said Richards, who has expressed an interest in entering F1 in 2010.

Williams team owner Frank Williams also welcomed the salary cap introduction.

"Williams has supported the introduction of a budget cap since the idea was first put forward early in 2008," he said.

"Since then FOTA (the Formula One Teams' Association) has made tremendous steps forward on costs but the rationale for a budget cap has also grown even stronger.

"We would like to see all the teams operating to one set of regulations and under a budget cap in 2010 and that is the position we will be advocating within FOTA when we meet next week.

"We understand that this will represent a serious challenge for some of the teams but we expect that FOTA will work together to find a unified and constructive way to take the FIA's initiative forward."

Gary Anderson, former technical director at the Jordan team, fears the budget cap could lead to job cuts.

"Obviously there are a few add-ons to that budget which I could see taking it up to about £60m and in reality that's the sort of money Force India and Toro Rosso are spending now," he told BBC Radio 5 Live.

"It's about time to try and put in some budget restrictions but there seems to be a bit of war going on between the FIA and the teams as to who has got the biggest muscles.

"I think putting budget caps on something is the wrong way. I would write a set of regulations that would bring everybody's budget down by 30-40%.

"There is so much waste in F1 and it's the waste we have got to reduce. What we don't want to do is put a budget cap on it to see manpower being lost."

[Hanwombat]

Button backs F1 budget cap plan

Formula One championship leader Jenson Button has backed the introduction of a £40m budget cap from 2010.

The cap is part of a raft of proposals to shake up F1 announced by governing body the International Automobile Federation (FIA) on Thursday.

"For the manufacturers and the bigger teams I'm sure they don't want that, but for teams like Brawn we need that for the future," Button told BBC Sport.

"It's the way F1 has to go in the times that we are experiencing," he added.

F1 is dominated by manufacturers who are suffering in the global downturn with the result of slumping car sales, while Button's former team Japan's Honda pulled out of the sport in 2008.

"For the teams that are not manufacturers this is what we need," said Button speaking at the Sport Industry Awards for 2009.

"For us and Williams and a few other teams we'll be reasonably happy with the decision - it's going in the direction that we need it to."

However, Ferrari president Luca di Montezemolo claimed that the budget cap would result in a "fundamentally unfair and perhaps even biased" championship.

In a letter to FIA president Max Mosley, the Italian said: "Any controversy on the actual respect of the cost cap would undermine the image of F1 and could seriously damage any involved team."

He added that had "always been concerned" about the introduction of a budget cap "mainly because I consider that there are serious technical difficulties in making sure [it] can realistically be monitored".

In reply, Mosley reiterated his fears that not acting to drastically cut costs in F1 could threaten the very future of the sport.

Teams are free to chose whether to be governed by the cap but those that opt out face certain restrictions.

Some teams are spending £160m each year and the proposed introduction of the budget cap has raised fears that F1 will become a two-tier sport.

McLaren's Martin Whitmarsh wants a solution which "may or may not include a budget cap, but which ideally would not encompass a two-tier regulatory framework".

Those who comply with the budget cap will gain greater technical freedom and unlimited out-of-season testing.

The FIA is to allow three new teams to enter from next year and those that join and work within the cap will get money from the commercial rights holder, a proposal that was welcomed by Aston Martin and Prodrive chairman David Richards.

"We remain encouraged by the new rules which have the potential for a team to be commercially viable and competitive on a far more realistic budget," said Richards, who has expressed an interest in entering F1 in 2010.

Williams team owner Frank Williams also welcomed the salary cap introduction.

"Williams has supported the introduction of a budget cap since the idea was first put forward early in 2008," he said.

"Since then FOTA (the Formula One Teams' Association) has made tremendous steps forward on costs but the rationale for a budget cap has also grown even stronger.

"We would like to see all the teams operating to one set of regulations and under a budget cap in 2010 and that is the position we will be advocating within FOTA when we meet next week.

"We understand that this will represent a serious challenge for some of the teams but we expect that FOTA will work together to find a unified and constructive way to take the FIA's initiative forward."

Gary Anderson, former technical director at the Jordan team, fears the budget cap could lead to job cuts.

"Obviously there are a few add-ons to that budget which I could see taking it up to about £60m and in reality that's the sort of money Force India and Toro Rosso are spending now," he told BBC Radio 5 Live.

"It's about time to try and put in some budget restrictions but there seems to be a bit of war going on between the FIA and the teams as to who has got the biggest muscles.

"I think putting budget caps on something is the wrong way. I would write a set of regulations that would bring everybody's budget down by 30-40%.

"There is so much waste in F1 and it's the waste we have got to reduce. What we don't want to do is put a budget cap on it to see manpower being lost."

Its all in fairness Jenson saying that, but with Mosley's statement, you can't quite have F1 without the Ferrari team, wouldn't be the same even if they are my least favourite team

[EwanM]

I was thinking, if I won the Euromillions lottery this weekend, and got £105 million or whatever, I could easily run a Team for a few years

[Gaz]

I was thinking, if I won the Euromillions lottery this weekend, and got £105 million or whatever, I could easily run a Team for a few years

Well if you got good results i'm sure you could make a business out of it.

You'd have to avoid highering local staff tho because the Glasgow F1 car would come in to the pits have its wheels removed then the pit crew would leg it.

[Frosty]

Didn't Bernie say the other day that he expected the budget cap to rise above the current £40 million.

[Robert182]

I am not a Ferrari fan in that I don't cheer for them to win each race...but I certainly do appreciate a builder who does everything in house. I appreciate having Ferrari on the grid and want them to continue to be there...partly because they are an F1 powerhouse and partly because I enjoy watching other colors passing red cars on the track.

I doubt Ferrari is going anywhere, budget cap or not...but I can see their point about budget caps being ridiculous.

Max: Hello teams, you can now only spend $40 million dollars a year.
Ferrari: No problem. We buy our engines for 25 dollars each.
Max: Hold on, you build your own engines.
Ferrari: No sir, those are built by Ferrari F1 Engines Inc. and they charge us 25 dollars per engine...installed.
Max: Ok, well that's pretty cheap...and that's good for the entire sport.
Ferrari: Well, not exactly. That same engine costs 5 million if another team wants to buy it.
Max: You can't do that.
Ferrari: Maxxie boy, you can't tell us what to charge for our products. Nor can you tell our factory not to charge us 4 dollars per hour for air tunnel time. I don't know what in the world made you think you could regulate something like spending, but now that you are trying....sooner or later you will figure out how much time you are wasting
Max: You have been a bad prisoner, bend over that table and hand me the bullwhip, the whipped cream and the synthetic motor oil

priceless

[EwanM]

I was thinking, if I won the Euromillions lottery this weekend, and got £105 million or whatever, I could easily run a Team for a few years

Well if you got good results i'm sure you could make a business out of it.

You'd have to avoid highering local staff tho because the Glasgow F1 car would come in to the pits have its wheels removed then the pit crew would leg it.

Good thing I'll be hiring Hamiton then eh? Means he'd never win.

[Gaz]

I was thinking, if I won the Euromillions lottery this weekend, and got £105 million or whatever, I could easily run a Team for a few years

Well if you got good results i'm sure you could make a business out of it.

You'd have to avoid highering local staff tho because the Glasgow F1 car would come in to the pits have its wheels removed then the pit crew would leg it.

Good thing I'll be hiring Hamiton then eh? Means he'd never win.

Hamilton and Alonso in a team full of Glaswegians

[EwanM]

Who said I was Glaswegian :p?

[Jensonb]

Who said I was Glaswegian :p?

The English assume all Scots are Glaswegian.

Bloody scousers

[scotty]

The English assume all Scots are Glaswegian.

Nah, only half are, the more well spoken Scots are ALL from Edinburgh...

[Gaz]

Who said I was Glaswegian :p?

Well you live in Glasgow.

The English assume all Scots are Glaswegian.

Bloody scousers

I'm no bin Dipper i'm a Manc

[Hanwombat]

Who said I was Glaswegian :p?

Well you live in Glasgow.

The English assume all Scots are Glaswegian.

Bloody scousers

I'm no bin Dipper i'm a Manc

Ahh I dont know any scousers... lucky me
Dont compare me with them

Im surrounded by farmer folks here

[Gaz]

Who said I was Glaswegian :p?

Well you live in Glasgow.

The English assume all Scots are Glaswegian.

Bloody scousers

I'm no bin Dipper i'm a Manc

Ahh I dont know any scousers... lucky me
Dont compare me with them

Im surrounded by farmer folks here

Cider Drinkers.