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User avatar
By racechick
#346753
Whitmarsh reckons most teams on the Grid are suffering financially with the exception of Red Bull

http://goo.gl/fb/uLckN

Also pay to view is affecting viewing figures and teams are worried it will affect sponsorship. Viewing is down worldwide, down in the Uk, down in theUS , despite it hosting a GP, and down by 25 million in China.
http://goo.gl/fb/oKwc9

And then we have drivers unable to get drives without cash behind them.... Difficult times.
Benie you're gonna have to stop taking all the readies!!
User avatar
By scotty
#346755
F1 should do something about this before it becomes like the Premier League in football. But sadly it is those who aren't in tenuous positions who hold all the power, and they only work to suit their own needs and not the best of the sport. I guess that is simply the way it is though, and i don't expect anything to change there. Red Bull for example have only come to the fore due to having massive financial backing from a single source - should that source leave, then they would struggle to maintain their position on pure sustainability as a racing team because they don't have the infrastructure of McLaren, Ferrari and so on. Much like your Chelseas and Man Citys in the football world compared to a team like Arsenal or Man Utd.

I don't believe viewing figures hold a massive extent of weight with the powers that be, as F1 sponsorship is largely aimed at company to company trading, apparently. That also is sad.

BTW - it was the Caterham boss who said everyone is in trouble apart from Red Bull, poor quotation by the writer there. Abiteboul also said this today, which is kinda on this topic too:

Caterham team principal Cyril Abiteboul believes Formula One must consider easing the criteria that teams have to meet in order to qualify as a constructor.

The designated 'listed parts' that teams must produce themselves to qualify as a constructor have, for the first time, been published in the public domain in this year's Sporting Regulations.

The list exists to prevent full-blown customer cars from being used, but Abiteboul believes parts that are not significant performance differentiators should not be on the list.

"We need to have a fresh look at that and see whether these parts contribute to the show or if it makes a fundamental contribution to the performance," Abiteboul said.

"If the answer is no, or not really, then we should be open to more exchanges between the teams.

"Obviously, you need to look at the details in F1 because you always try to find ways to go around what is written in black-and-white and there is no spirit of the regulations.

"We have to make sure that it is extremely clear for everyone."

Abiteboul re-iterated his belief that there is the need for greater collaboration between the teams given the current economic climate.

Despite that he is wary of F1 allowing full customer cars, as called for by Ferrari president Luca di Montezemolo numerous times, and sees a relaxation of the listed parts rule as a better way to ease financial pressure.

That would allow more technology to be shared between the teams, a model that has worked in the automotive industry.

"There is a discussion in Concorde about what exactly is a constructor," he explained.

"Personally, I do believe that it is offering a nice avenue without going into the extreme of complete customer cars.

"Even if the pure definition of competition is that you should not be collaborating, there is still some stuff [we can do].

"We are in a tough economic climate and a good way to mitigate everyone's exposure and cost is to ease the things that are not altering the fundamental principle of the show."


Fully agree with this.
By andrew
#346774
Benie you're gonna have to stop taking all the readies!!


Look beyond why MrE is taking all the readies. There are several investors who get their cut and then there is the teams share which is pretty siveable. Everyone in F1 is greedy!
#346780
Cannot believe this issue has not improved. It was a major theme well over a decade ago, and it seems nothing has changed.
User avatar
By headless
#346796
It is in a pretty dire state, but shouldn't this have been seen coming and something done about it years ago?
#346814
Dont wanna sound like a smartass but I saw this, and even posted this ages ago in the McLaren thread only to be told 'THERES NOTHING WRONG AT MCLAREN'

For me Hammer, the day Ron left to concentrate on the road cars was the day Mclaren Project 4 became an ordinary F1 outfit in a cripplingly expensive sport. Why is Mclaren without Ron any different to Williams, Tyrell, March etc?
You get McLaren 'fans' claiming that its a pure racing team, and therefore more commited and somehow superior to the rich manufacturers

but isnt McLaren trying desperately to diversify to survive into cartoon making and....road car manufacture?

F1 is a competition, a competition where money speaks loudest, which is why we have the Red Bull phenomena, and which is why Ferrari built road cars to support their racing and now use the racing to market the road cars. They have a unique situation.
The F1 team as a stand alone business depending on sponsorship and backers is hardly viable even with resoursce restriction agreement which is why that didnt pan out

A Red Bull can outspend and recoup just about by success on track, a Mclaren is in no mans land and like Williams found out, its a very slippery slope
By andrew
#346817
It is in a pretty dire state, but shouldn't this have been seen coming and something done about it years ago?


Maybe Mosley had a point with trying to lower costs.

Can't believe I just said that! :hehe:
User avatar
By racechick
#346824
If he'd stuck to raising safety standards and lowering costs instead of abusing his position to carry out a personal vendetta, maybe he'd have been more successful at what he set out to do.
#346825
Wash your mouth out.

If someone came to me and said "I have a great idea, you build a car for a couple of million quid and run a team in the championship and I will give you and all the other teams a share of 10% of what I make from selling it to tv companies" I think I would ask what they where doing to keep 90% of the money.
And the answer

Oh I talk circuits into paying me millions of pounds each to hold a race of which you get nothing.

Yep that sounds like an ideal business plan
User avatar
By racechick
#346828
bit of a bummer for the teams. And now there's the prospect of killing the golden goose.

EDIT: I mean killing the goose that LAYED the golden egg! :gonnagetit:

EDIT 2: wrong smilie I think :confused: wanted a face palm.
User avatar
By headless
#346830
It is in a pretty dire state, but shouldn't this have been seen coming and something done about it years ago?


Maybe Mosley had a point with trying to lower costs.

Can't believe I just said that! :hehe:


I think Max Mosley is a fantastic man.

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