Button backs Formula One budget cap
Friday 01 May 2009
Formula One world championship leader Jenson Button has backed the introduction of an optional budget cap of £40m on teams from 2010.
"For the manufacturers and the bigger teams I'm sure they don't want that, but for teams like Brawn we need that for the future," the British driver told the BBC on Thursday. "It's the way F1 has to go in the times that we are experiencing."
The sport's governing International Automobile Federation (FIA) had earlier said the cap would be set £10m higher than first proposed although it was still barely a quarter of what some teams have been spending.
F1 is dominated by manufacturers suffering in the global recession from slumping car sales. Button's former team Japan's Honda has already pulled out and there are fears about others.
Teams want to cut costs but, despite outward unity, have different views on how best to go about it.
"For teams that are not manufacturers this is what we need," Button told the audience at the Sport Industry Awards for 2009. "For us and Williams and a few other teams we'll be reasonably happy with the decision - it's going in the direction that we need it to."
The FIA hoped all teams would accept the cap ultimately and said interest had been "extraordinarily high".
Paul Scholes: Manchester City paid the price for not dealing with Barcelona's Sergio Busquets
Arsenal vs Monaco: Theo Walcott 'involved in spat' with fans after Champions League defeat
Paul Scholes: Jose Mourinho's attempt to influence football's decision-makers is not working. In fact, it may have backfired
Piers Morgan 'hurt' after Arsenal legend Bob Wilson questions his support for the Gunners and labels him a 'pompous individual'
Brooklyn Beckham to be released: Why Arsenal could regret letting David Beckham's son depart
- 1 Scarlett Johansson new band 'already hit with legal complaint' from another The Singles
- 2 Husband and wife die holding hands within hours of each other after 67 years of marriage
- 3 What color is The Dress, white and gold or blue and black? An eyewitness gives a definitive answer
- 4 The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
- 5 'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
This is what it's like to be dead, according to a guy who died for a bit
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East