News Details
Fernandes: Small teams can't compete
Caterham F1 Team
Former Caterham owner Tony Fernandes says that small teams will be unable to compete in Formula 1 unless the sport reduces its spending across the grid.
Neither Caterham nor fellow backmarkers Marussia will be present at this weekend's United States Grand Prix after both outfits called in the administrators due to worsening financial problems.
Fernandes believes that the situation will continue until the sport resolves its current problems, citing his other business ventures - QPR football club and Air Asia - as examples.
"People can blame whoever, but the big teams are as much at fault as anyone," he said.
"The gap has become way too big and it’s money....
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11y ago from F1Zone.net
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