Liberty Media planning budget cap

  • Published on 18 Dec 2016 15:23
  • comments 2
  • By: Fergal Walsh

Liberty Media, the new owner of Formula One, is considering the introduction of a budget cap for the sport.

Since the introduction of the hybrid engines in 2014, some teams have struggled with costs, with Caterham's F1 team vanishing from the grid.

The manoeuvres are likely to be highly controversial. Previous attempts to impose budget caps have triggered big outbursts from the top teams, who in 2009 threatened to form a breakaway championship

“It makes no sense to have teams spending the better part of $400m” said Liberty Media owner John Malone. 

“That money is not doing anything good for fans. It is just wasted on competing on technology. That has not been driven by logic and it has created a two-class society in terms of what is spent on teams. You should have an opportunity for the underdog to win.”

 

Replies (2)

Login to reply
  • f1dave

    Posts: 782

    Time to follow up on the breakaway series.

    • + 0
    • Dec 18 2016 - 18:33
  • Here's an idea to rip the sport up and make it a new one. Full CFD, any wind tunnel work is illegal. This will force a focused evolution in CFD compute. More energy efficient server farms will be put to use and the same tech accessible to all teams for a price that every team can afford. Brilliance now comes down to the most innovative designs but the same lack of correlation to real world will affect all alike.

    The huge costs come from wind tunnel testing. Do away with it totally.

    At some point in the next 10 years the CFD tech will be mature enough even the aircraft design companies will abandon windtunnels totally. The math behind the CFD is what needs to be refined, because it's all assumptions for equations to model the real fluid nature of air in motion. The compute power exists but lack of focused research in this field has driven the pace too slow. F1 teams will push it to the next frontier. They are lazy now because there is no whips to crack at their rears.

    • + 0
    • Dec 19 2016 - 14:04

BE Grand Prix of Belgium

Local time 

BEGrand Prix of Belgium

Local time 

World Championship standings 2024

Show full world champion standings

Test calendar

See full test schedule

Related news

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2024

Date
Grand Prix
Circuit
-
Bahrain
29 - Mar 2 2024
Bahrain
7 - Mar 9 2024
Saudi Arabia
22 - Mar 24 2024
Australia
5 - Apr 7 2024
Japan
19 - Apr 21 2024
China
3 - May 5 2024
United States of America
17 - May 19 2024
Italy
24 - May 26 2024
Monaco
7 - Jun 9 2024
Canada
21 - Jun 23 2024
Spain
28 - Jun 30 2024
Austria
5 - Jul 7 2024
United Kingdom
19 - Jul 21 2024
Hungary
26 - Jul 28 2024
Belgium
23 - Aug 25 2024
Netherlands
30 - Sep 1 2024
Italy
13 - Sep 15 2024
Azerbaijan
20 - Sep 22 2024
Singapore
18 - Oct 20 2024
United States of America
25 - Oct 27 2024
Mexico
1 - Nov 3 2024
Brazil
22 - Nov 24 2024
United States of America
29 - Dec 1 2024
Qatar
6 - Dec 8 2024
United Arab Emirates
-
United Arab Emirates
See full schedule

Formula 1 Calendar - 2024

Date
Grand Prix & Circuit
29 - Mar 2 2024
7 - Mar 9 2024
Saudi Arabia Jeddah Street Circuit
22 - Mar 24 2024
Australia Albert Park
5 - Apr 7 2024
19 - Apr 21 2024
3 - May 5 2024
United States of America Miami International Autodrome
17 - May 19 2024
24 - May 26 2024
Monaco Monte Carlo
7 - Jun 9 2024
21 - Jun 23 2024
28 - Jun 30 2024
Austria Red Bull Ring
5 - Jul 7 2024
United Kingdom Silverstone
19 - Jul 21 2024
Hungary Hungaroring
26 - Jul 28 2024
23 - Aug 25 2024
Netherlands Circuit Zandvoort
30 - Sep 1 2024
Italy Monza
13 - Sep 15 2024
Azerbaijan Baku City Circuit
20 - Sep 22 2024
18 - Oct 20 2024
United States of America Circuit of the Americas
25 - Oct 27 2024
1 - Nov 3 2024
Brazil Interlagos
22 - Nov 24 2024
United States of America Las Vegas Street Circuit
29 - Dec 1 2024
6 - Dec 8 2024
United Arab Emirates Yas Marina Circuit
-
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar