The Williams team supports the budget cap and will discuss it within FOTA. Williams acknowledges that this represents a serious challenge within FOTA.
The full statement read:
The Williams F1 team acknowledged the FIA World Motor Sport Council decision to introduce a budget cap for 2010 at its meeting on 29 April 2009.
Frank Williams said, “Williams has supported the introduction of a budget cap since the idea was first put forward early in 2008. Since then FOTA 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.”
2010 F1 regulations - budget cap - Teams threaten to quit
Moderators: cmlean, Ed, The Qualiflyer, The Heretic
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Julian Mayo
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Frank has a small budget, and his major sponsor has gone to the wall,Toyota might not need him after this year, he really has no other way to go.............Ed wrote:The Williams team supports the budget cap and will discuss it within FOTA. Williams acknowledges that this represents a serious challenge within FOTA.
The full statement read:
The Williams F1 team acknowledged the FIA World Motor Sport Council decision to introduce a budget cap for 2010 at its meeting on 29 April 2009.
Frank Williams said, “Williams has supported the introduction of a budget cap since the idea was first put forward early in 2008. Since then FOTA 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.”
The Mountain is a savage Mistress.
Julian Mayo wrote:Frank has a small budget, and his major sponsor has gone to the wall,Toyota might not need him after this year, he really has no other way to go.............Ed wrote:The Williams team supports the budget cap and will discuss it within FOTA. Williams acknowledges that this represents a serious challenge within FOTA.
The full statement read:
The Williams F1 team acknowledged the FIA World Motor Sport Council decision to introduce a budget cap for 2010 at its meeting on 29 April 2009.
Frank Williams said, “Williams has supported the introduction of a budget cap since the idea was first put forward early in 2008. Since then FOTA 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.”
Now IMHO F1 needs some form of budget cuts to bring it back down to earth...I think i would faint if I took a look at their expenses statement for a year....
My problem with this cost cutting system comes with the voluntary part of things....I would rather have it given to all the teams on the grid, or nne at all..As I said before i think it is going to divide the F1 grid into classes and change the entire way F1 works...
On top of this i think that some of the "bonus's" the capped teams get are just plain silly and dangerous...
I think they need to think it through a little more...think about the future of the sport as a whole and not just about earning an extra bit of green...
How things turn!
Just a few years ago Ferrari were considered to be allies of the FIA and FOM. Ferrari went again the then called GPWC and signed a Memorandum of Understanding with FOM, a move many believe prevented the split of F1.
Now Ferrari are very much against the budget caps proposed by the FIA and have been making noise about the unthinkable, leaving F1.
Despite this, Max Mosley insists that F1 can survive without Ferrari! Is he really willing to take that risk ? Or is it just another play in the hope that Ferrari will listen and accept a cap.
Related:
Furious Ferrari casts eyes at Le Mans
F1 could live without Ferrari - Mosley
On the budget cap, technicalities aside, just how are they going to police it ? I read in the Q & A the term self policing being used!!! Sorry but every few years we have a team that is caught trying to cheat. Why would this be any different and given that it is only numbers, wouldn't it be much easier to hide ?
Just a few years ago Ferrari were considered to be allies of the FIA and FOM. Ferrari went again the then called GPWC and signed a Memorandum of Understanding with FOM, a move many believe prevented the split of F1.
Now Ferrari are very much against the budget caps proposed by the FIA and have been making noise about the unthinkable, leaving F1.
Despite this, Max Mosley insists that F1 can survive without Ferrari! Is he really willing to take that risk ? Or is it just another play in the hope that Ferrari will listen and accept a cap.
Related:
Furious Ferrari casts eyes at Le Mans
F1 could live without Ferrari - Mosley
On the budget cap, technicalities aside, just how are they going to police it ? I read in the Q & A the term self policing being used!!! Sorry but every few years we have a team that is caught trying to cheat. Why would this be any different and given that it is only numbers, wouldn't it be much easier to hide ?
Exactly!!Ed wrote:Why would this be any different and given that it is only numbers, wouldn't it be much easier to hide ?
These guys have many umbrella corporations at their disposal and I am fairly sure they could leave a paper trail lightyears thick to throw people off their tracks...
There are some very smart men employed in formula one...I am sure they will find some loopholes....
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Julian Mayo
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Pity the same can't be said of the FIA.<T-K> wrote:Exactly!!Ed wrote:Why would this be any different and given that it is only numbers, wouldn't it be much easier to hide ?
These guys have many umbrella corporations at their disposal and I am fairly sure they could leave a paper trail lightyears thick to throw people off their tracks...
There are some very smart men employed in formula one...I am sure they will find some loopholes....
The Mountain is a savage Mistress.
Following the FOTA meeting, the following statement was released. Note that the statement doesn't indicate a position with regards to the budget caps but rather concerns and demands urgent discussions with the FIA
The FOTA Executive Committee met today in Heathrow to examine the new regulations proposed by the FIA for the 2010 F1 Championship and to evaluate the progress of the negotiations with the Commercial Rights Holder for the renewal of the Concorde Agreement. FOTA held a positive and constructive meeting and agreed to continue working together in a methodical manner for the definition of further cost- reduction in 2010 and 2011, progressing along the path begun in 2008. FOTA has concerns with the decisions taken at the last WMSC meeting regarding the 2010 regulations and therefore asks to begin urgent consultations with the FIA.
The FOTA Executive Committee met today in Heathrow to examine the new regulations proposed by the FIA for the 2010 F1 Championship and to evaluate the progress of the negotiations with the Commercial Rights Holder for the renewal of the Concorde Agreement. FOTA held a positive and constructive meeting and agreed to continue working together in a methodical manner for the definition of further cost- reduction in 2010 and 2011, progressing along the path begun in 2008. FOTA has concerns with the decisions taken at the last WMSC meeting regarding the 2010 regulations and therefore asks to begin urgent consultations with the FIA.
Latest related articles on the issue of budget caps and the possibility of a 2-tier formula
BMW joins Ferrari in F1 quit threat
FOTA reveals budget cap 'concerns'
Carmakers not considering F1 exodus - Haug
BMW joins Ferrari in F1 quit threat
FOTA reveals budget cap 'concerns'
Carmakers not considering F1 exodus - Haug
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Julian Mayo
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Things have now reached, in my opinion, crisis point !
As it stands Ferrari, Red Bull, Toyota, will not race under the proposed 2 tier system, and Mercedes and Renault are reluctant do so.
that leaves:
Brawn
Force India
Williams
USF1.
Brawn are Mercedes powered as are Force India.
Williams is Toyota powered.
USF1 would dearly like a North American race on the calender.
So, if Max, and his sidekick force the issue, and I think he will, what happens to F1?
I for one won't know, because I will have no further interest in it.
There is talk that Max will have an opponent in the forthcoming FIA elections, however that is too far away.
The only way F1 can survive, imho, is with a workable Concorde agreement between Teams, Manufacturers, and the FIA. This does not seem possible with the present regime, where personality issues outweigh the good of the sport. There is certainly far too much power held in the hands of too few, and I believe this a thought held by more than team contemplating entering F1.
Max may believe that F1 does not need Ferrari.
Ferrari is in the business of selling sports cars, it does not need F1, and Bernie would do well to think of the huge Ferrari fan base, who will not be putting their bums on seats in European venues or watching F1 on TV.
Le Mans 2010 could be really exciting, Ferrari v Mercedes v Renault v Porsche etc.
The F1 boats really are a spectacle also, while I can get plenty of personal satisfaction from V8SuperCars, even if it is run by Max's bastard spawn.
I will miss F1 of course, but it is NOT irreplaceable.
As it stands Ferrari, Red Bull, Toyota, will not race under the proposed 2 tier system, and Mercedes and Renault are reluctant do so.
that leaves:
Brawn
Force India
Williams
USF1.
Brawn are Mercedes powered as are Force India.
Williams is Toyota powered.
USF1 would dearly like a North American race on the calender.
So, if Max, and his sidekick force the issue, and I think he will, what happens to F1?
I for one won't know, because I will have no further interest in it.
There is talk that Max will have an opponent in the forthcoming FIA elections, however that is too far away.
The only way F1 can survive, imho, is with a workable Concorde agreement between Teams, Manufacturers, and the FIA. This does not seem possible with the present regime, where personality issues outweigh the good of the sport. There is certainly far too much power held in the hands of too few, and I believe this a thought held by more than team contemplating entering F1.
Max may believe that F1 does not need Ferrari.
Ferrari is in the business of selling sports cars, it does not need F1, and Bernie would do well to think of the huge Ferrari fan base, who will not be putting their bums on seats in European venues or watching F1 on TV.
Le Mans 2010 could be really exciting, Ferrari v Mercedes v Renault v Porsche etc.
The F1 boats really are a spectacle also, while I can get plenty of personal satisfaction from V8SuperCars, even if it is run by Max's bastard spawn.
I will miss F1 of course, but it is NOT irreplaceable.
The Mountain is a savage Mistress.
Ferrari have confirmed at their board meeting that they will not be entering in the 2010 competition under the current circumstances:
"... The Board of Directors also examined developments related to recent decisions taken by the Federation Internationale de l’Automobile during an extraordinary meeting of the World Motor Sport Council on 29 April 2009. Although this meeting was originally called only to examine a disciplinary matter, the decisions taken mean that, for the first time ever in Formula 1, the 2010 season will see the introduction of two different sets of regulations based on arbitrary technical rules and economic parameters.
The Board considers that if this is the regulatory framework for Formula 1 in the future, then the reasons underlying Ferrari’s uninterrupted participation in the World Championship over the last 60 years – the only constructor to have taken part ever since its inception in 1950 – would come to a close.
The Board also expressed its disappointment about the methods adopted by the FIA in taking decisions of such a serious nature and its refusal to effectively reach an understanding with constructors and teams. The rules of governance that have contributed to the development of Formula 1 over the last 25 years have been disregarded, as have the binding contractual obligations between Ferrari and the FIA itself regarding the stability of the regulations.
The same rules for all teams, stability of regulations, the continuity of the FOTA’s endeavours to methodically and progressively reduce costs, and governance of Formula 1 are the priorities for the future. If these indispensable principles are not respected and if the regulations adopted for 2010 will not change, then Ferrari does not intend to enter its cars in the next Formula 1 World Championship.
Ferrari trusts that its many fans worldwide will understand that this difficult decision is coherent with the Scuderia’s approach to motor sport and to Formula 1 in particular, always seeking to promote its sporting and technical values.
The Chairman of the Board of Directors was mandated to evaluate the most suitable ways and methods to protect the company’s interests.
It is worth noting that at the same meeting, Ferrari declared that it made a profit for the first quarter of the year of 54 million Euros compared to 59 million Euros for the same period last year.
"... The Board of Directors also examined developments related to recent decisions taken by the Federation Internationale de l’Automobile during an extraordinary meeting of the World Motor Sport Council on 29 April 2009. Although this meeting was originally called only to examine a disciplinary matter, the decisions taken mean that, for the first time ever in Formula 1, the 2010 season will see the introduction of two different sets of regulations based on arbitrary technical rules and economic parameters.
The Board considers that if this is the regulatory framework for Formula 1 in the future, then the reasons underlying Ferrari’s uninterrupted participation in the World Championship over the last 60 years – the only constructor to have taken part ever since its inception in 1950 – would come to a close.
The Board also expressed its disappointment about the methods adopted by the FIA in taking decisions of such a serious nature and its refusal to effectively reach an understanding with constructors and teams. The rules of governance that have contributed to the development of Formula 1 over the last 25 years have been disregarded, as have the binding contractual obligations between Ferrari and the FIA itself regarding the stability of the regulations.
The same rules for all teams, stability of regulations, the continuity of the FOTA’s endeavours to methodically and progressively reduce costs, and governance of Formula 1 are the priorities for the future. If these indispensable principles are not respected and if the regulations adopted for 2010 will not change, then Ferrari does not intend to enter its cars in the next Formula 1 World Championship.
Ferrari trusts that its many fans worldwide will understand that this difficult decision is coherent with the Scuderia’s approach to motor sport and to Formula 1 in particular, always seeking to promote its sporting and technical values.
The Chairman of the Board of Directors was mandated to evaluate the most suitable ways and methods to protect the company’s interests.
It is worth noting that at the same meeting, Ferrari declared that it made a profit for the first quarter of the year of 54 million Euros compared to 59 million Euros for the same period last year.
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Julian Mayo
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The latest articles on the showdown between the FIA and the top F1 teams:
Ecclestone not worried Ferrari will quit
Lauda backs Mosley in budget cap row
Ferrari issues quit threat over 2010 F1 rules
F1 world not convinced by Ferrari quit threat
Now Renault to join F1 quit threat
Ecclestone not worried Ferrari will quit
Lauda backs Mosley in budget cap row
Ferrari issues quit threat over 2010 F1 rules
F1 world not convinced by Ferrari quit threat
Now Renault to join F1 quit threat
The Renault F1 Team confirmed today that they will withdraw from Formula 1 if the 2010 regulations remain as is. Renault is joining Ferrari, Toyota and Red Bull in publicly announcing their objection to the FIA regulations.
Full statement:
The decision of the Federation International de l'Automobile (FIA) to introduce two sets of Formula One technical regulations for the 2010 Formula One season has caused the Renault Group to reconsider its entry in next year's FIA Formula One World Championship.
There is frustration that FOTA's constructive proposals, including major cost saving measures to be adopted progressively between 2009 and 2012, which were carefully constructed by FOTA members, have been completely ignored without any form of consultation by the FIA with the teams.
It should be stressed that FOTA has set the same, if not lower, financial objective as the FIA, but Renault strongly believes that this must be introduced through a different procedure agreed by all parties.
Renault also believes that it is paramount that the governance of the sport is coordinated with a spirit of consultation with all parties (FIA, FOM, FOTA) in order to achieve a better balance between the costs and the revenues. Renault is also of the firm view that all entrants in the World Championship must adhere to and operate under the same regulations.
President of the ING Renault F1 Team, Bernard Rey, commented: "Renault has always considered Formula One as the pinnacle of motor sport and the perfect stage to demonstrate technical excellence. We remain committed to the sport, however we cannot be involved in a championship operating with different sets of rules, and if such rules are put into effect, we will be forced to pull out at the end of this season."
ING Renault F1 Team Managing Director, Flavio Briatore, commented: "Our aim is to reduce costs while maintaining the high standards that make Formula One one of the most prestigious brands on the market. We want to achieve this in a coordinated manner with the regulatory and commercial bodies, and we refuse to accept unilateral governance handed out by the FIA. If the decisions announced by the World Council on the 29th of April 2009 are not revised, we have no choice but to withdraw from the FIA Formula One World Championship at the end of 2009."
Full statement:
The decision of the Federation International de l'Automobile (FIA) to introduce two sets of Formula One technical regulations for the 2010 Formula One season has caused the Renault Group to reconsider its entry in next year's FIA Formula One World Championship.
There is frustration that FOTA's constructive proposals, including major cost saving measures to be adopted progressively between 2009 and 2012, which were carefully constructed by FOTA members, have been completely ignored without any form of consultation by the FIA with the teams.
It should be stressed that FOTA has set the same, if not lower, financial objective as the FIA, but Renault strongly believes that this must be introduced through a different procedure agreed by all parties.
Renault also believes that it is paramount that the governance of the sport is coordinated with a spirit of consultation with all parties (FIA, FOM, FOTA) in order to achieve a better balance between the costs and the revenues. Renault is also of the firm view that all entrants in the World Championship must adhere to and operate under the same regulations.
President of the ING Renault F1 Team, Bernard Rey, commented: "Renault has always considered Formula One as the pinnacle of motor sport and the perfect stage to demonstrate technical excellence. We remain committed to the sport, however we cannot be involved in a championship operating with different sets of rules, and if such rules are put into effect, we will be forced to pull out at the end of this season."
ING Renault F1 Team Managing Director, Flavio Briatore, commented: "Our aim is to reduce costs while maintaining the high standards that make Formula One one of the most prestigious brands on the market. We want to achieve this in a coordinated manner with the regulatory and commercial bodies, and we refuse to accept unilateral governance handed out by the FIA. If the decisions announced by the World Council on the 29th of April 2009 are not revised, we have no choice but to withdraw from the FIA Formula One World Championship at the end of 2009."
A meeting between Max Mosley and FOTA is scheduled to take place this week. Hopefully we'll have a positive outcome.
Mosley to meet with FOTA this week
Mercedes aren't joining the other teams threatening to pull out of Formula 1 and are hoping for a amicable resolution to this crsis
Mercedes not yet joining F1 quit threats
Mosley to meet with FOTA this week
Mercedes aren't joining the other teams threatening to pull out of Formula 1 and are hoping for a amicable resolution to this crsis
Mercedes not yet joining F1 quit threats
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Julian Mayo
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Mercedes/McLaren are not likely to make too much noise, with a suspended sentence hanging over their heads......it would serve them well to act as peacebrokers..........Ed wrote:A meeting between Max Mosley and FOTA is scheduled to take place this week. Hopefully we'll have a positive outcome.
Mosley to meet with FOTA this week
Mercedes aren't joining the other teams threatening to pull out of Formula 1 and are hoping for a amicable resolution to this crsis
Mercedes not yet joining F1 quit threats
The Mountain is a savage Mistress.