Welcome Guest [Log In] [Register]
Welcome to The Pit Lane. We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
Max Backs Down; sort of...
Topic Started: Jun 18 2009, 01:09 PM (191 Views)
Alien_SAP_Fiend
Member Avatar
Chief Engineer
[ *  *  *  *  * ]
http://www.autosport.com/news/report.php/id/76269

Quote:
 
Mosley also made it clear that he would be willing to accept a 100 million Euros cost cap limit for next year, providing that it was reduced to 45 million Euros for 2011. This was the same figure that was outlined in a letter sent to FOTA president Luca di Montezemolo following the team meeting in Monaco.

Outline plans were also detailed for how the budget cap would be policed with 'self-reporting of compliance using a reputable auditor' used. Mosley also confirmed that breaches of the budget cap rules would not result in on-track sanctions, but would instead be 'financial against a pre-agreed formula.'



So, what will happen to the teams who thought they'd be racing on 40 million in 2010? They gotta wait another year?

<think> I wonder how many teams you could run on the total amount of legal fees incurred by this incessant wrangling all season thanks to the incompetence of the FIA and Max in particular.
Offline Profile Quote Post Goto Top
 
TheCompleteGuitarist
Driver
[ *  *  *  *  *  * ]
Alien_SAP_Fiend,Jun 18 2009
01:09 PM
http://www.autosport.com/news/report.php/id/76269

Quote:
 
Mosley also made it clear that he would be willing to accept a 100 million Euros cost cap limit for next year, providing that it was reduced to 45 million Euros for 2011. This was the same figure that was outlined in a letter sent to FOTA president Luca di Montezemolo following the team meeting in Monaco.

Outline plans were also detailed for how the budget cap would be policed with 'self-reporting of compliance using a reputable auditor' used. Mosley also confirmed that breaches of the budget cap rules would not result in on-track sanctions, but would instead be 'financial against a pre-agreed formula.'



So, what will happen to the teams who thought they'd be racing on 40 million in 2010? They gotta wait another year?

<think> I wonder how many teams you could run on the total amount of legal fees incurred by this incessant wrangling all season thanks to the incompetence of the FIA and Max in particular.

I doubt the budget cap includes legal fees. Maybe we'll see a lot more races won off the track than on it. <roflmao>
Offline Profile Quote Post Goto Top
 
GordonB
Chief Engineer
[ *  *  *  *  * ]
This is along the lines of what I expected - €40 million was clearly too low for the established front runners - and it's surprising that Max has opted for €45m in 2011.

Yes it's hard on the new entrants, but what were they really expecting? that they're going to win in the first year? It's a lot more competitive if the cost cap is €100m and they can only afford €40m compared to the current situation.

Also, as Max said in his letter, this €100m is for technical development and actual racing: It doesn't include marketing, driver salaries etc.

IMHO Max is buggering about with this cost cap headline number when what he should be doing is addressing the problem of, say, McLaren Mercedes doing 33% of their development work under the McLaren badge, 33% under Force India and 33% under Brawn, or (more likely) how to deal with the two Red Bull teams.
Offline Profile Quote Post Goto Top
 
AndyW76
Member Avatar
Team Boss
[ *  *  *  *  *  *  * ]
I thought Max championed information sharing between teams. After all, it does offer stability to the smaller teams and allows them to be more competitive than they would be by going it alone. Personally, I think it is a good idea as it does cut costs. Of course, that doesn't justify the creation of B teams.
Offline Profile Quote Post Goto Top
 
RJHSaints
Member Avatar
Chief Engineer
[ *  *  *  *  * ]
If the sliding scale were more gradual it might have a chance.

But the teams have clearly rejected £40m for 2010 so I doubt they would accept what is likely (depending on exchange rates) to be an even smaller figure for 2011, even if it were accompanied by a fairly reasonable limit of E100m next year.
Offline Profile Quote Post Goto Top
 
Rob
Member Avatar

Admin
45 is to low IMO. 80 should be the least.
Offline Profile Quote Post Goto Top
 
GordonB
Chief Engineer
[ *  *  *  *  * ]
Perhaps the teams will agree because there must be some way for the annual cost to get recalculated every year - so they will attempt to get it raised for 2011 *after* they've signed up for 2010.

Presumably there must be some mechanism for the budget to get set? Or is it just whatever number Max says in between spanks. <sick>
Offline Profile Quote Post Goto Top
 
mrr9
Refueller
[ *  *  * ]
why not exclude all wages from the cap and you can hire who ever you want and how many people

doing it that way the red team will not have to fire 500+ people

plus think about all the other teams jobs will be saved

Mark
Offline Profile Quote Post Goto Top
 
GordonB
Chief Engineer
[ *  *  *  *  * ]
mrr9,Jun 18 2009
05:48 PM
why not exclude all wages from the cap and you can hire who ever you want and how many people

doing it that way the red team will not have to fire 500+ people

plus think about all the other teams jobs will be saved

Mark

but then that's not really a budget cap is it?

Offline Profile Quote Post Goto Top
 
« Previous Topic · Formula 1 · Next Topic »
Add Reply