Formula1, Motorsport

High costs could see Formula One lose more teams

Formula One could see more teams leave the grid, after Marussia and Caterham recently went into administration.

Former FIA President, Max Mosley says high costs are to blame, as only the bigger teams are able to sustain themselves, as opposed to the likes of Caterham and Marussia.

Red Bull, Ferrari and Mercedes spend over £200 million pounds annually on their F1 programmes, while Marussia and Caterham pull through on a budget thats only a third of that.

Mosley had called for a cost cap in 2009, but talks fell through. He then revived plans for it be introduced next season, but that too, collapsed earlier this year.

The 74 year old adds that the sport should split the money equally, and then let the teams get as much sponsorship as they can. He explains, that although a team like Ferrari could get more sponsorship than Marussia, but if they get the same basic money, they can all start on a level-playing field and limit the amount of money each team is allowed to spend.

This current season saw the introduction of new environmentally-friendly engines, but are double the cost of the previous models.

Marussia and Caterham will miss this weekend’s US Grand Prix in Austin, as they scramble to find new funding with just 3 races left to the season.

Other posts by