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Ecclestone in favour of budget cap in Formula 1

Ecclestone in favour of budget cap in Formula 1

  • Published on 12 Mar 2012 08:49
  • comments 0
  • By: Rob Veenstra
Bernie Ecclestone has fired a warning shot as his negotiations ramp up with formula one teams over the next Concorde Agreement. The team bosses are pushing for more of the sport's lucrative revenue, but F1 chief executive Ecclestone said they already spend too much due to wearing rose-tinted glasses. His advice: "Change the colour of your glasses and tighten your belts," the 81-year-old told F1's official website. "Stop spending more than you need to."

The most recent political war between F1's authorities and the teams - in 2009 - was fierce, when former FIA president Max Mosley pushed hard for a budget cap. Ecclestone said: "You could (still) install a mandatory budget for all teams - on the basis of the smaller teams - but they (the big teams) don't like it and fiercely fight against it. I would welcome it," he insisted. "Yes, I think it could happen." (GMM)
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Date
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Bahrain
29 - Mar 2
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Saudi Arabia
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Japan
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China
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Spain
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Austria
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Hungary
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26 - Jul 28
Belgium
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Netherlands
Circuit Zandvoort
30 - Sep 1
Italy
Monza
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Azerbaijan
Baku City Circuit
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Singapore
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United States of America
Circuit of the Americas
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Formula 1 Calendar - 2024

Date
Grand Prix & Circuit
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Bahrain Bahrain International Circuit
29 - Mar 2
Bahrain Bahrain International Circuit
7 - Mar 9
Saudi Arabia Jeddah Street Circuit
22 - Mar 24
Australia Albert Park
5 - Apr 7
Japan Circuit Suzuka
19 - Apr 21
China Shanghai International Circuit
3 - May 5
United States of America Miami International Autodrome
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Italy Autodromo Enzo e Dino Ferrari
24 - May 26
Monaco Monte Carlo
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Canada Gilles Villeneuve
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Spain Circuit de Catalunya
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Austria Red Bull Ring
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United Kingdom Silverstone
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Hungary Hungaroring
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Belgium Spa-Francorchamps
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Netherlands Circuit Zandvoort
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Italy Monza
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Azerbaijan Baku City Circuit
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