Budget Cap | F1 Wolf

May 16th, 2008

Budget cap or budget farce ?

Force India Paul Ricard test

The Formula 1 budget cap has been talked about for a while. Yesterday some details of the proposed cap were revealed. The budget cap is set to be introduced in Formula One from the start of 2009. Tony Purnell (FIA consultant) has written to all F1 teams with the figures the FIA would like to set. So here are the figures:

2009 - 175 million Euro (USD280 million)
2010 - 140 million Euro (USD224 million)
2011 - 110 million Euro (USD176 million)

At the first sight it looks like significant reduction in spending, especially when we think about Toyota’s current F1 budget in the area of USD500 - 600 million.

But … Force India wastly improved budget for 2008 season in “only” USD150 million or thereabouts. The budget cap proposed for 3 years from now is still way over this privateer team current budget and … now the fun part - the proposed budget cap is not about to cover:

- engine development
- marketing expenses
- driver salaries
- team principal salaries
- KERS development

Read the rest of this entry »

F1Wolf

labels: plugin code here

Subscribe to F1 Wolf Formula 1 Blog

Join The F1 Wolf Club

Join The F1Wolf Club

Poll

What do you think about medals for top 3 replacing the points system in Formula 1 ?

My Twitter

Macau gp was smashing, lots of action, lots of debris. More on f1wolf soon 4 days ago
And now the Macau motorbike gp, sane people can't even consider racing bikes on this track :-) 5 days ago
Sitting in Macau watching F3 qualifying race. Lot's of smashed cars, Mortara wins 5 days ago
2008 Macau GP - Day Two - http://tinyurl.com/6et5q3 6 days ago
More updates...

Posting tweet...