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Mercedes team principal Toto Wolff says that the proposed cost cap for 2021 should only be implemented if it meets the standards of all 10 teams.
Formula 1 outfits are sitting down with the sport's commercial rights holder Liberty Media on Tuesday, March 26th to discuss the 2021 regulations that are set to include major changes to both the technical and sporting aspects of the series.
This time last year, Liberty presented teams with the blueprints of the plans, but now teams are calling for swift action with just 24 months before the start of the 20121 season.
In recent years, major manufacturers such as Mercedes and Ferrari have been able to spend more money and in turn, streak ahead of the competition.
In a bid to close up the field in 2021, F1 is expected to introduce a budget cap, but Wolff has warned that it must be a plan that makes sense for all parties involved.
“I feel that there is some momentum in the process and we are all keen on understanding how 2021 looks,” Wolff said.
“Mercedes is certainly interested in having a cost cap implemented at the right levels so that it makes sense for everybody.
"We must get the big teams on board in a way that is implementable and cap us to make sure we are not running away with it with higher costs each year.
“Regulations are another building block that is important to get over the line until June. Let’s see how it goes after next week, but what I hear is making it optimistic.”
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Replies (3)
Login to replyf1dave
Posts: 782
Gone are the days of the sports governing body setting the rules and the participants either abiding by them or just getting out. Letting the teams set the rules can only lead to more endless squabbling. What other sport puts up with these threats of leaving if a team doesn't get it's way ?
Pistonhead
Posts: 556
A fortune for one car firm is peanuts to another - how do you police spending anyway - Ferrari have two B teams in Alfa and Haas, RBR has TRosso and I wonder how long till Mercedes has control on Williams? The sharing of technology is a clear circumvention of spending policy and allows uncompetitive advantage - this has to be part of the cap proposals.
calle.itw
Posts: 8,527
Honestly, regarding the budget liberty should "be a dragon" and just put it forward. The big teams will nag anyway, so just put it at a sensible peak (it should still be beneficial to go in wealthy, but it shouldn't be impossible for the small teams to catch up).