F1: Toto Wolff claims smaller teams can be saved if they accept range of proposals ahead of crisis meeting

The Mercedes motorsport boss believes that the entire grid is 'working to find the best solution' after plans for a salary cap were dismissed

Mercedes motorsport boss Toto Wolff believes Formula One's minnows can be saved if they accept a range of proposals due to be aired at a forthcoming crisis meeting.

Earlier this year F1's Strategy Group - comprising Ferrari, McLaren, Mercedes, Red Bull, Williams and Lotus - agreed to implement a cost cap, only to perform a U-turn to the fury of the smaller teams.

It resulted in Force India, Sauber, Caterham and Marussia writing a very strongly-worded letter to FIA president Jean Todt suggesting a "financial disaster" lay in wait for the sport unless urgent controls were imposed to curb spiralling costs.

Todt, F1 supremo Bernie Ecclestone and the teams will now sit down on May 1 to thrash out a way forward that will hopefully satisfy all concerned.

Wolff, who was initially in favour of a cost cap only to revise his opinion, feels there are other solutions.

 

"We realised some of the other big teams could not follow that path (of a cost cap)," said Wolff.

"Ferrari are a good example as they have everything - the road car business and F1 - in one entity, and it's difficult for them to have everything screened.

"It doesn't make sense to go against two or three of the big teams, so going through the sporting and technical regulations is the way.

"We're working to find the best solution, we're getting together in a few days, and we will try to implement what we can.

"What we are (looking) for is a ceiling, so we are not running away in a spending war with the other teams, and for a glide path downwards so we can reduce the gap between the larger and smaller teams."

Red Bull team principal Christian Horner, who has long been against a cost cap, insists the bigger teams will do all they can to look after the smaller marques.

"At the end of the day we have to have somebody to race against," said Horner.

"The purpose and formation of the Strategy Group means there are teams in there who are in the same situation as Force India for example, or worse.

"You've got Lotus, whose situation has been fairly dire for the last couple of years, and Williams, who are run on a tight budget.

"They have key representation in the Strategy Group, so gauging their opinion is fairly important, so there is a balanced view in that discussion.

"For me, the most effective way of controlling costs is through the sporting regulations because that has the biggest impact on your cost drivers.

"If, as a group, we focus on those elements then we can really save significant costs for all the teams, the little and big teams."

PA

Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Daily Quiz
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'
10 best statement lightbulbs

10 best statement lightbulbs

Dare to bare with some out-of-the-ordinary illumination
Wimbledon 2015: Heather Watson - 'I had Serena's poster on my wall – now I'm playing her'

Heather Watson: 'I had Serena's poster on my wall – now I'm playing her'

Briton pumped up for dream meeting with world No 1
Wimbledon 2015: Nick Bollettieri - It's time for big John Isner to produce the goods to go with his thumping serve

Nick Bollettieri's Wimbledon Files

It's time for big John Isner to produce the goods to go with his thumping serve
Dustin Brown: Who is the tennis player who knocked Rafael Nadal out of Wimbeldon 2015?

Dustin Brown

Who is the German player that knocked Nadal out of Wimbeldon 2015?
Ashes 2015: Damien Martyn - 'England are fired up again, just like in 2005...'

Damien Martyn: 'England are fired up again, just like in 2005...'

Australian veteran of that Ashes series, believes the hosts' may become unstoppable if they win the first Test
Tour de France 2015: Twins Simon and Adam Yates have a mountain to climb during Tour of duty

Twins have a mountain to climb during Tour of duty

Yates brothers will target the steepest sections in bid to win a stage in France
John Palmer: 'Goldfinger' of British crime was murdered, say police

Murder of the Brink’s-MAT mastermind

'Goldfinger' of British crime's life ended in a blaze of bullets, say police
Forget little green men - aliens will look like humans, says Cambridge University evolution expert

Forget little green men

Leading evolutionary biologist says aliens will look like humans
The Real Stories of Migrant Britain: An Algerian scientist adjusts to life working in a kebab shop

The Real Stories of Migrant Britain

An Algerian scientist struggles to adjust to her new life working in a Scottish kebab shop
Bodyworlds museum: Dr Gunther von Hagens has battled legal threats, Parkinson's disease, and the threat of bankruptcy

Dying dream of Doctor Death

Dr Gunther von Hagens has battled legal threats, Parkinson's disease, and the threat of bankruptcy