Ferrari warns budget cap may hurt F1

Ferrari president Luca di Montezemolo has warned FIA president Max Mosley that the introduction of a budget cap in 2010 could lead to an "unfair" and "biased" championship that could damage the sport

Ferrari warns budget cap may hurt F1

In a letter written to the governing body on Thursday, a copy of which has been seen by AUTOSPORT, di Montezemolo wrote that the sport could be seriously damaged by the introduction of the new rules.

Mosley told the team principals in a letter of his own, however, that he remained steadfastly convinced the sport must respond to the global economic crisis or face an uncertain future.

The governing body confirmed on Thursday that teams will be able to adhere to a £40 million budget from the 2010 season. In exchange for the limited budget, those teams would be allowed more technical freedom, including movable wings or engines without a rev limit.

The move has not been well received by some teams who believe a two-tier series is not good for the future of Formula 1.

Although Ferrari refused to make any comments on Thursday following the confirmation of the rules, it has been revealed that di Montezemolo wrote a letter to Mosley expressing his concerns about the budget caps.

"All aspects of the new regulations should be carefully reviewed," di Montezemolo wrote. "Limiting, for the time being, my comments to the cost cap issue, as you know I have always been concerned about the introduction, mainly because I consider that there are serious technical difficulties in making sure that any cap can be
realistically monitored.

"Additionally, any controversy on the actual respect of the cost cap would undermine the image of Formula 1 and could seriously damage any involved team.

"There are on the other hand doubts as to whether or not two categories of teams should be created which will inevitably mean that one category will have an advantage over the other and that the championship will be fundamentally unfair and, perhaps, even biased.

"In any event this would create confusion in the public's mind which would seriously lower the value of Formula 1. I do not think that this is appropriate knowing what Formula 1 represents for its players and for the public."

The Ferrari president also expressed concern about the timing and the way the rules have been introduced, as he believes there is "no extreme urgency" for the move.

Di Montezemolo also points out that, according to the Concorde Agreement, the FIA cannot pass any rules without the approval of the F1 commission.

Mosley, replying in another letter also seen by AUTOSPORT, told di Montezemolo that the sport must act urgently in order continue in its current form given the world's financial crunch.

The FIA president also wrote that teams have been aware of the introduction of the budget cap for quite some time, adding that Ferrari has "chosen not to engage with us on cost-cap rules during the past six weeks."

"The car industry and financial services are the two main sources of Formula 1 income. Both are in serious difficulty. We cannot just sit and wait, hoping nothing bad will happen. We have already lost one manufacturer," wrote Mosley

"Despite my repeated requests, not a single manufacturer has given us a legally-binding undertaking that it will continue in Formula 1. We may also lose another manufacturer team at any moment.

"We already know that current levels of expenditure are unsustainable for the independent teams. If we are to reduce the risk of the Formula One World Championship collapsing, we have to allow new teams in. We also have to reduce costs drastically.

"The matter is therefore extremely urgent, because a new team needs to know if it is to be ready to compete in 2010. It is already a very late start."

shares
comments
Grapevine: Villeneuve sets up driving school

Previous article

Grapevine: Villeneuve sets up driving school

Next article

FIA publishes full McLaren verdict

FIA publishes full McLaren verdict
Load comments
The 10 greatest drives of lost legend Jo Siffert Plus

The 10 greatest drives of lost legend Jo Siffert

It's 50 years since Jo Siffert was killed in his prime at Brands Hatch. The Swiss scored just two world championship wins in a Formula 1 career spent largely with privateer teams, but showed on numerous occasions in single-seaters and in sportscars with Porsche that he could beat any of the best drivers of his era given the right equipment

Verstappen exclusive: How Red Bull’s ace has become F1 champion material Plus

Verstappen exclusive: How Red Bull’s ace has become F1 champion material

As Red Bull and Honda go all-out for victory in the Japanese engine manufacturer’s last season of its latest Formula 1 dalliance, Max Verstappen finds himself thrust into a compelling title fight with Lewis Hamilton. He told OLEG KARPOV about his evolution into a world championship contender and why Red Bull's no compromise ethos suits him down to the ground

How Mercedes went from Austin practice domination to "very tight at the front" with Red Bull Plus

How Mercedes went from Austin practice domination to "very tight at the front" with Red Bull

Mercedes has been on a roll of late in the ultra-tight fight to win the 2021 Formula 1 world championship. It started off well in practice at Austin for this weekend’s US Grand Prix, but Red Bull got closer as Friday unfolded and even seemed to find an edge in one critical area of what seems set to be another close contest

Formula 1
Oct 23, 2021
The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen Plus

The six critical factors that could hand F1 2021 glory to Hamilton or Verstappen

The 2021 Formula 1 title battle is finely poised with six races remaining, as just six points separate championship leader Max Verstappen from seven-time champion Lewis Hamilton. In such a closely-fought season, the outcome could hinge on several small factors playing the way of Red Bull or Mercedes

Formula 1
Oct 22, 2021
Can Whitmarsh appointment help Aston succeed where its F1 rivals failed? Plus

Can Whitmarsh appointment help Aston succeed where its F1 rivals failed?

Aston Martin owner Lawrence Stroll is determined to make the group a billion-dollar business. MARK GALLAGHER analyses his latest play – bringing former McLaren team principal Martin Whitmarsh into the fold

Formula 1
Oct 22, 2021
Remembering Switzerland’s first F1 winner Plus

Remembering Switzerland’s first F1 winner

Stepping up to F1 in 1962, Jo Siffert shone with Rob Walker Racing Team and BRM before his career was abruptly ended in a fatal crash at Brands Hatch in 1971. On the 50th anniversary of his death, Autosport recalls the career of an F1 and sportscar ace gone before his time

Formula 1
Oct 21, 2021
What Verstappen is risking with his current stance on 2021 F1 world title defeat Plus

What Verstappen is risking with his current stance on 2021 F1 world title defeat

OPINION: Max Verstappen is back in the lead of the 2021 Formula 1 drivers’ championship, with the season’s final flyaway events set to get underway in the USA this weekend. But a defensive stance he’s recently adopted could have a lasting impact for the Red Bull driver when it comes to his chances of defeating Lewis Hamilton and Mercedes

Formula 1
Oct 21, 2021
The hidden Ferrari struggle that Sainz’s recent charge put to rest Plus

The hidden Ferrari struggle that Sainz’s recent charge put to rest

Despite appearing to adjust to life as a Ferrari driver with relative ease, it was far from straightforward under the surface for Carlos Sainz Jr. But, having made breakthroughs in rather different routes at the Russian and Turkish races, he’s now targeting even greater feats for the rest of the Formula 1 season

Formula 1
Oct 20, 2021