Formula 1 sporting director Ross Brawn says the sport's front-running teams are eager to see their huge budgets reined in, even if it implies reduced competitiveness. Speaking at a Formula One Group investor meeting on Sunday, Brawn, who is in the process of defining F1's future regulatory frame, says big teams budgets have become unsustainable although spending continues unabated as they seek to maintain a high level of success. Brawn used Mercedes as a compelling case. "If you take the current dominant team, Mercedes, they have the biggest resources in Formula 1," Brawn explained. "They spend around half a billion dollars on their Formula 1 programme a year to get the...
Full Story »