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[JAKE THE F1 MAN!!]

All of this season F1 teams have threatened to withdraw from next years championship unless the £40 million budget cap is scrapped.

http://news.bbc.co.uk/sport1/hi/motorsp ... 064314.stm

[irons_4_ever]

wow

[DonPolo]

It's good that all the team bosses have had the sense to unify their position over the indiscriminate and bullying proposals by the FIA.
Whatever our thoughts may be regarding the capping proposals, it is down to the constructors to agree or disagree and to be consulted. This shows at last a joint strength which can only be good for the sport. I for one hope that eventually there will be a major change to the political structure and that the old, fat, rich bureaucracy, who have more money than sense, get the sack.
Lets dump the excess and start 2010 with a fresh administration, maybe more adept at moving the sport forward than lining their own pockets.
Sport is sport, not a commercial proposition to be dumped when it is no longer economically viable.

[Ferrari4me]

I agree 1000% F1 is just too important to be left @ the mercy of the two old men!

[Jensonb]

Well that's one way to do it. Max and Bernie are gonna have a spot of bother now.

[cap-dude]

Brilliant, best news I've heard all month.

This way we're not looking at a handful of teams leaving, or just one or two teams leaving. Since that would be the worst thing. I would hate F1 if just a few teams, say Renault, Ferrari and Red Bull dropped out. It's either, all the teams race under F1, or everyone goes elsewhere. All the teams are united, and damn it looks good for the future.

[Hanwombat]

Go teams!!

[scotty]

He says that it is likely that two further road-car manufacturers will quit the sport at the end of the season, following the decision of Honda, which pulled out last December.

So we're potentially losing at least two teams whatever happens, great!

Seems like those two know they are essentially at the mercy of a united set of teams now but are still trying to bluff their way out of having to back down - threats of legal action etc. But what do the teams actually want? The cap to be scrapped entirely, or raised? "Formula 1's teams say they are united in their bid to get the proposed £40m budget cap scrapped" could mean either...


edit: I've actually just had an idea, dunno which of all these cap-related threads to put it in, so this'll do. What if they made budgets for each area of the car? Eg. £40m for chassis, £30m for engines, £10m for KERS, etc... Then those who want to develop their own systems still can, and potentially gain the advantage that way, whereas the poorer teams could use a customer engine or KERS for example and save money that way, while still having the possibility to create a competitive car by concentrating their efforts on one area, ie the chassis. Thoughts?

[irons_4_ever]

He says that it is likely that two further road-car manufacturers will quit the sport at the end of the season, following the decision of Honda, which pulled out last December.

So we're potentially losing at least two teams whatever happens, great!

Seems like those two know they are essentially at the mercy of a united set of teams now but are still trying to bluff their way out of having to back down - threats of legal action etc. But what do the teams actually want? The cap to be scrapped entirely, or raised? "Formula 1's teams say they are united in their bid to get the proposed £40m budget cap scrapped" could mean either...

toyota and bmw would be my guess

[Gaz]

good to see them united like that

[csrracer]

Good news, Now maybe Max can swallow some ego and realize he's nothing without the Teams.

[Bulletproof]

He says that it is likely that two further road-car manufacturers will quit the sport at the end of the season, following the decision of Honda, which pulled out last December.

So we're potentially losing at least two teams whatever happens, great!

Seems like those two know they are essentially at the mercy of a united set of teams now but are still trying to bluff their way out of having to back down - threats of legal action etc. But what do the teams actually want? The cap to be scrapped entirely, or raised? "Formula 1's teams say they are united in their bid to get the proposed £40m budget cap scrapped" could mean either...

toyota and bmw would be my guess

I thought this as well, but Toyota were the first to want to walk out at the meeting at Heathrow because they didn't even want to discuss the possibility of a budget cap. Sounds like they have got enough money not to need it. So in theory they wouldn't need to pull out.

[csrracer]

He says that it is likely that two further road-car manufacturers will quit the sport at the end of the season, following the decision of Honda, which pulled out last December.

So we're potentially losing at least two teams whatever happens, great!

Seems like those two know they are essentially at the mercy of a united set of teams now but are still trying to bluff their way out of having to back down - threats of legal action etc. But what do the teams actually want? The cap to be scrapped entirely, or raised? "Formula 1's teams say they are united in their bid to get the proposed £40m budget cap scrapped" could mean either...


edit: I've actually just had an idea, dunno which of all these cap-related threads to put it in, so this'll do. What if they made budgets for each area of the car? Eg. £40m for chassis, £30m for engines, £10m for KERS, etc... Then those who want to develop their own systems still can, and potentially gain the advantage that way, whereas the poorer teams could use a customer engine or KERS for example and save money that way, while still having the possibility to create a competitive car by concentrating their efforts on one area, ie the chassis. Thoughts?

This was similar to my Idea that was posted elsewhere.
I think the Budget cap should be run on a "Declared Value" . Every team would have to declare a value to various systems of the car that they produce themselves, as long as the sum of the "declared value" of the systems does not exceed the budget cap, they could spend more on these systems , but would have to make the various systems available to customers for their declared value. ie:
$40 million budget cap Ferrari declares:
Chassis 15 mil.
Engine 15 mil.
Kers 10 mil.
Other teams should be able to purchase from Ferrari any 1 of those systems for their "declared value", but not more than 1 system. This will leave the door open for the well funded teams to spend whatever they want, as long as they are willing to take a loss with their "Customers" on the "Declared value". New teams could then set their budgets according to what they are purchasing, ie. A Ferrari Chassis for 15 mil. with a Cosworth engine at 8 mil. and a Mclaren KERS for 12 mil. The well funded teams would have the advantage of being able to spend more on updates and any new teams would benefit by getting up to date hardware with less engineering costs. This could also lead to having outside Engine or Chassis builders that don't actually have teams. All the cars would still be running under the same specs, yet the richer teams would still have the advantage of spending, that they currently have, yet there would still be room for a "BraunGP" to buy in and do well.

[darwin dali]

Not so fast:

F1live:
Head added: "The only teams that are not talking about it are Ferrari and Toyota.

"They are alone in the corner," the Briton is quoted as saying by Germany's Auto Motor und Sport.

Head said all of the other teams, even Renault that has issued a quit threat, will be willing to compromise.

"Mercedes give me the impression that they will be happy with the budget cap, even BMW are going that way, because you have to be.

"Flavio makes a lot of noise but it is he who for years has been warning that everything is too expensive," he added.

Head believes last Friday's FOTA meeting in London was a missed opportunity.

"Max came to us to discuss what the (budget) limit should be, then came the news about the Ferrari injunction and he cancelled the meeting.

"Now that Ferrari has lost in court, he will no longer be so lenient; I can't imagine he will stray far from the £40 million now."

Negotiations continue in Monaco following the team meeting today.

[irons_4_ever]

i cant see bernie and co backing down