Exclusive: Bernie Ecclestone tells F1 teams they 'must learn to spend less'
A £120m cap on budgets for next season was blocked by the sport's Strategy Group
Thursday 15 May 2014
Bernie Ecclestone says that Formula One teams do not need a budget cap to cut costs but should learn to spend less – and questioned the costly decision to introduce the new 1.6-litre V6 engines.
A £120m cap on team budgets was due to be introduced next year but was blocked in April by the Strategy Group, a body comprising Ecclestone, F1's governing body the Fédération Internationale de l'Automobile (FIA) and six leading teams.
"The teams can cut costs so why don't they spend less? I don't think they need a budget cap. The people who don't need a budget cap will find their way round it," said Ecclestone.
F1's four smallest teams – Marussia, Caterham, Sauber and Force India – were angered by the decision to drop the budget cap and, on 10 April, they wrote to FIA president Jean Todt suggesting that the Strategy Group breaches European competition law. Ecclestone, however, insists that the body is justified.
"There are four teams that are not in the Strategy Group and why not? Because the people that are have committed to racing in Formula One to 2020 and have put up sensible guarantees if they don't."
Ecclestone also suggested that introducing the new V6 engines, which have been criticised for being quieter than their V8 predecessors, had been a mistake. Ferrari, Mercedes and Renault spent around £300m ($500m) developing them and they cost other teams up to £15m ($25m) annually.
"Tell me, what was the idea of the cap? To keep costs down," he said. "So we put this engine in and it costs four times more than the other one, and costs the manufacturers a hell of a lot of money."
Arsenal team news: Alex Oxlade-Chamberlain fails late fitness test as Harry Redknapp makes five changes for QPR
Manchester United vs Newcastle match report: Brilliant Wayne Rooney scores twice to fire up United's unlikely title challenge
Arsenal vs QPR player ratings: Could anyone outshine new Gunners hero Alexis Sanchez and who was worse than villain Olivier Giroud?
Manchester United 3 Newcastle 1: 'I'm playing like Paul Scholes,' says Wayne Rooney
Sports Quiz of the Year 2014: The Questions
- 1 The Boy in the Dress, TV review: David Walliams' Boxing Day treat is a celebration of being different
- 2 Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
- 3 Andy Murray takes to Twitter to show off his Christmas jumper
- 4 Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
- 5 Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'