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FIA to introduce a cost cap for F1 in 2015

FIA to introduce a cost cap for F1 in 2015

  • Published on 10 Dec 2013 09:43
  • comments 0
  • By: Rob Veenstra
A 'cost cap' in formula one is coming, the FIA said in a surprising announcement on Monday. Although many teams are facing financial difficulties, the idea of compulsorily capping annual budgets has remained highly controversial. But FIA president Jean Todt told France's L'Equipe last week: "We need to focus on the problem of costs at all levels of motor sport, not only formula one."

So, after a Paris meeting of the sport's new strategy group and the F1 Commission, and with Todt declaring a "mandate", the sport's governing body said the "principle of a global cost cap has been adopted" for F1. "The limit will be applied from January 2015," the FIA declared.

Current F1 team budgets are believed to range from about $60 million at the back of the grid, to several hundred million for frontrunners Red Bull and Ferrari. The actual number eventually set for the cap is therefore the crucial detail. "If we're all at 50 or 100 million budget, the show will be no different at all," Caterham boss Cyril Abiteboul argued recently.

The FIA said it will now establish a 'working group' tasked with having the 2015 budget cap regulations approved by June of next year. "In the end," Lotus chief Eric Boullier added, "if we don't do this, it's going to be more and more difficult to survive."

Meanwhile, in addition to the highly controversial 'double points' rule for the 2014 finale, the FIA on Monday also announced that drivers will choose a permanent race number, between 2 and 99, to keep for their entire F1 careers. And the FIA said every team was invited to attend Pirelli's Bahrain tyre test with 2013 cars next week, but only Red Bull, Mercedes, Ferrari, McLaren, Force India and Toro Rosso took up the offer. (GMM)
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Date
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Bahrain
29 - Mar 2 2024
Bahrain
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7 - Mar 9 2024
Saudi Arabia
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22 - Mar 24 2024
Australia
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United Kingdom
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Hungary
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Belgium
Spa-Francorchamps
23 - Aug 25 2024
Netherlands
Circuit Zandvoort
30 - Sep 1 2024
Italy
Monza
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Azerbaijan
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Singapore
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United States of America
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Mexico
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Brazil
Interlagos
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United States of America
Las Vegas Street Circuit
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Qatar
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United Arab Emirates
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Date
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Bahrain Bahrain International Circuit
29 - Mar 2 2024
Bahrain Bahrain International Circuit
7 - Mar 9 2024
Saudi Arabia Jeddah Street Circuit
22 - Mar 24 2024
Australia Albert Park
5 - Apr 7 2024
Japan Circuit Suzuka
19 - Apr 21 2024
China Shanghai International Circuit
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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
23 - Aug 25 2024
Netherlands Circuit Zandvoort
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Italy Monza
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Azerbaijan Baku City Circuit
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United States of America Circuit of the Americas
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