FOTA in new cost-cutting push

Formula 1 teams are hoping to close in on a fresh cost-cutting deal to help secure the future of the sport during a meeting ahead of the Malaysian Grand Prix, AUTOSPORT can reveal

FOTA in new cost-cutting push

Members of the Formula One Teams' Association (FOTA) are to gather pre-race at Sepang to go through a number of topics - including work on amendments to the Resource Restriction Agreement (RRA), discussions about the organisation's chief officers and ongoing talks about the Concorde Agreement.

Although the teams have already agreed a basic framework for the RRA based on a deal signed at last year's Singapore Grand Prix, there remain differences of opinion about further changes that it is hoped will help add stability to the whole grid.

Sources suggest that there are a number of issues that need resolving - including the use of outside suppliers, how spending on future KERS/power train development should be ring-fenced and also how breaches of RRA spending limits should be dealt with.

FOTA chairman Martin Whitmarsh believes that finding an updated RRA that all the teams are happy with is vital for the sport going forward.

"It is important," he told AUTOSPORT. "There is a desire to extend it into the powertrain which I think is eminently sensible, but we have to continue to grow and develop it. People have expressed different opinions, but we have to go forward.

"F1 needs it. You don't have to go too far down the pitlane to know that unless we can continue to go down the path of controlling and reducing costs in F1 there will be problems.

"It is okay for some of us at this end to say that it doesn't feel like a real and immediate priority - but if we don't do it then we won't have people to race against. It is as simple as that.

"I believe that I represent the interests of McLaren and the teams to say that we have to bring down the costs for all of us of being competitive in F1."

Although it is understood that Red Bull's two teams are standing out alone for a number of revisions to the RRA, Whitmarsh said it would be wrong of him to talk about whether a compromise on the issues at stake can be found.

"I don't think it is helpful for me as chairman of FOTA to talk about different opinions of teams," he said. "I think it is inevitable there will be differences on any subject, as we are a competitive bunch of people in the F1 paddock.

"I think ultimately there has been a tremendous amount of goodwill to get to where we are. There has been a lot of pain, and let's not forget that there are a lot of teams, and we are certainly one, who have had to reduce our staff and that is not an easy process to go through.

"It is the bigger teams that have in effect born the brunt of it and worked hard. But it is never enough. It is an increasingly tough competitive world out there, but we have to make sure that the restrictions that we have placed upon ourselves cover a broader spectrum of our activity."

shares
comments
Five themes to watch for in Malaysia

Previous article

Five themes to watch for in Malaysia

Next article

Williams expects stronger race form

Williams expects stronger race form
Load comments
The ‘backwards step’ that is the right move for Formula 1 Plus

The ‘backwards step’ that is the right move for Formula 1

OPINION: With its days apparently numbered, the MGU-H looks set to be dropped from Formula 1’s future engine rules in order to entice new manufacturers in. While it may appear a change of direction, the benefits for teams and fans could make the decision a worthwhile call

The floundering fortunes of F1’s many Lotus reboots Plus

The floundering fortunes of F1’s many Lotus reboots

Team Lotus ceased to exist in 1994 - and yet various parties have been trying to resurrect the hallowed name, in increasingly unrecognisable forms, ever since. DAMIEN SMITH brings GP Racing’s history of the legendary team to an end with a look at those who sought to keep the flame alive in Formula 1

Formula 1
Sep 22, 2021
Why the 2021 title fight is far from F1's worst, despite its toxic background Plus

Why the 2021 title fight is far from F1's worst, despite its toxic background

OPINION: Formula 1 reconvenes for the Russian Grand Prix two weeks after the latest blow in ‘Max Verstappen vs Lewis Hamilton’. While the Silverstone and Monza incidents were controversial, they thankfully lacked one element that so far separates the 2021 title fight from the worst examples of ugly championship battles

Formula 1
Sep 22, 2021
How F1’s other champion to emerge from 1991 thrived at Lotus Plus

How F1’s other champion to emerge from 1991 thrived at Lotus

Mika Hakkinen became Michael Schumacher’s biggest rival in Formula 1 in the late-90s and early 2000s, having also made his F1 debut in 1991. But as MARK GALLAGHER recalls, while Schumacher wowed the world with a car that was eminently capable, Hakkinen was fighting to make his mark with a famous team in terminal decline

Formula 1
Sep 21, 2021
The forgotten F1 comeback that began Jordan’s odyssey  Plus

The forgotten F1 comeback that began Jordan’s odyssey 

Before Michael Schumacher – or anyone else – had driven the 191 (or 911 as it was initially called), Eddie Jordan turned to a fellow Irishman to test his new Formula 1 car. JOHN WATSON, a grand prix winner for Penske and McLaren, recalls his role in the birth of a legend…

Formula 1
Sep 20, 2021
The squandered potential of a 70s F1 underdog Plus

The squandered potential of a 70s F1 underdog

A podium finisher in its first outing but then never again, the BRM P201 was a classic case of an opportunity squandered by disorganisation and complacency, says STUART CODLING

Formula 1
Sep 18, 2021
The other notable Monza escape that F1 should learn from Plus

The other notable Monza escape that F1 should learn from

OPINION: The headlines were dominated by the Italian Grand Prix crash between Max Verstappen and Lewis Hamilton, who had the halo to thank for avoiding potentially serious injury. But two days earlier, Formula 1 had a lucky escape with a Monza pitlane incident that could also have had grave consequences

Formula 1
Sep 17, 2021
How Monza only added more questions to F1's sprint race conundrum Plus

How Monza only added more questions to F1's sprint race conundrum

With two sprint races under its belt, Formula 1 must now consider its options for them going forward. While they've helped deliver exciting racing on Sundays, the sprints themselves have been somewhat lacking - creating yet another conundrum for F1 to solve...

Formula 1
Sep 16, 2021