News Headlines
Today's news in full
News Summaries
Syndication

2nd January 2008

Nick Fry, the CEO of the Brackley, UK based Honda Racing Formula One team has proposed limiting the budgets of teams as a means of controlling costs in F1.

Speaking to the website autosport.com Fry explained that he had discussed his proposal with Honda Racing’s new technical director Ross Brawn. Fry said, "Ross and I both think that an overall budget cap is something that should be seriously investigated. What we see at the moment, if you look at the accounts of any of the UK F1 teams, is that the costs keep going up.

"So far what we have been successfully doing is moving money from one area of the team to another. Money is certainly moved from engines to aerodynamics, because that is the next best area of performance advantage.

"We support a lot of the proposals on the aero restrictions, but the fear is that that money will merely be diverted elsewhere. It will go to driver salaries or engineer salaries, or some other part of the car, but will not necessarily reduce the total bill that a team has to pay.

"So rather than chasing our tails, we think we should be considering an overall budget cap. Although it will be difficult to monitor, we think it can be achieved."

<< Previous

Whole Day's News

Next >>