News Details

Team principals hits out at spiralling Formula 1 costs

Senior figures inside Formula 1 have hit out at the spiralling costs of Formula 1, ahead of this weekend's Singapore Grand Prix. Caterham owner Tony Fernandes says that self-interest means Formula 1 teams have missed an opportunity to cut costs in the sport. Fernandes entered the sport in 2010 on the promise of a budget cap, which was ultimately abandoned. 'I’ve been consistent since day one I’ve been in Formula One that costs are too high and every… when I came into Formula One, people talked to me about costs coming down but I don’t think there’s been a single year it’s come down,' he said. 'I think next year will be probably the highest year – so I think there’s...
Full Story »
13y ago from F1Zone.net 0
Share

You May Also Be Interested In...

Caterham gearing up for a busy weekend in Singapore

Last week in Monza Caterham announced that Tony Fernandes, Chairman of...
13y ago from RichlandF1.com

Caterham drivers with a busy weekend in Singapore

September 13th, 2013 (F1plus).- The next race, the one the many wait the...
13y ago from F1Plus.com

Andretti interested in F1 if customer cars were allowed

Andretti interested in F1 if customer cars were allowed 16 September,...
13y ago from GrandPrix247.com

FIA get serious about cutting costs in F1

If you’ve ever created a personal budget, you know that cutting costs...
13y ago from Formula1Blog.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar’s IR-28 ‘a very nice car to drive' in...

IndyCar’s next generation car completed another milestone earlier in...
20h ago from MotorsportWeek.c...

Josh Pierson earns IndyCar license approval after...

The NTT IndyCar Series has granted Josh Pierson approval to seek a seat...
22h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Liverpool make progress on talks with attacker amid...

Liverpool are making progress in securing Rio Ngumoha’s long-term...
1d ago from CaughtOffside.com

Saka replacement? Arsenal considering ambitious move...

Arsenal are reportedly keeping a close eye on Michael Olise's situation at...
1d ago from CaughtOffside.com

'We've seen flashes…' – Arsenal legend...

Arsenal legend Nigel Winterburn has suggested that Bukayo Saka still isn't...
1d ago from CaughtOffside.com

Carragher praises Arsenal star by calling him...

Jamie Carragher believes Elliot Anderson has already established himself...
2d ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.