Wolff thinks F1 expenditure is unsustainable in the long term

The level of spending of Formula 1's top teams is unsustainable in the long term, reckons Mercedes motorsport chief Toto Wolff

Wolff thinks F1 expenditure is unsustainable in the long term

Ahead of what are likely to be intense discussions to try to frame a cost cap from 2015, which not all teams believe will work, Wolff reckons that the levels of expenditure in the sport are too high.

He thinks that as well as the big teams not being able to justify the continued excessive spending, F1 as a whole risks being damaged by a gulf opening up between what the manufacturers are spending and what other teams can afford.

"We are still spending less than some of the other top teams out there," Wolff told AUTOSPORT.

"Efficiency is what is being asked from our mother company, but the gaps, if you take the highest spending team compared to the midfield teams like Force India, Williams and Sauber, are still huge.

"Probably the highest spending teams spend three or four times the money of those other teams. Is that sustainable and healthy? No."

Caterham team principal Cyril Abiteboul recently warned that there is a risk that F1 could become engulfed in a spending arms race between the manufacturers because of the pressure on them to win, especially with Honda arriving next year.

"They need to justify the level of spending that is currently being put into it - and that obligation to win is going to create a massive arms race between them," Abiteboul told AUTOSPORT.

"That is a big danger for Formula 1 - that it will be those four and the rest of us behind."

Wolff reckons, however, that the powers in F1 do realise that the costs matter does need sorting out.

"I think the introduction of the F1 Strategic Group is going to be a first step of managing the situation," he said.

"And we have heard that Bernie [Ecclestone] has started to emphasise on the fact that it is not a sustainable model.

"So I see that major stakeholders are pushing towards a more sustainable F1, a more balanced F1, in terms of financial resources."

shares
comments
Schumacher's wife Corinna asks media to leave Grenoble hospital
Previous article

Schumacher's wife Corinna asks media to leave Grenoble hospital

Next article

Michael Schumacher accident inquiry not focused on his speed

Michael Schumacher accident inquiry not focused on his speed
The relaxed home life that helps F1’s Danish superstar to deliver Plus

The relaxed home life that helps F1’s Danish superstar to deliver

The unrelenting grasp of the tax man prompts most racing drivers to move to the likes of Monaco, Switzerland or Dubai. But, as OLEG KARPOV found out, Kevin Magnussen is quite happy where he is, thank you very much – at home, with his family, in Denmark

Formula 1
Oct 5, 2022
How Perez has shown what many F1 drivers need from the 2022 season run-in Plus

How Perez has shown what many F1 drivers need from the 2022 season run-in

OPINION: Sergio Perez’s Singapore triumph arrested a big decline in his Formula 1 performances against Max Verstappen at Red Bull since his Monaco win. He now needs to maintain his form to the season’s end, while others are also seeking a change in fortunes

Formula 1
Oct 5, 2022
How the FIA should punish any breaches of the F1 cost cap Plus

How the FIA should punish any breaches of the F1 cost cap

OPINION: On Wednesday, the FIA will issue F1 teams with compliance certificates if they stuck to the 2021 budget cap. But amid rumours of overspending, the governing body must set a critical precedent. It needs to carefully pick between revisiting the bitterness of Abu Dhabi, a contradictory punishment and ensuring parity for the rest of the ground-effect era

Formula 1
Oct 4, 2022
Singapore Grand Prix Driver Ratings 2022 Plus

Singapore Grand Prix Driver Ratings 2022

A testing return to the Singapore Grand Prix in tricky conditions created plenty of hazards and mistakes for the Formula 1 drivers to fall into. That partly explains a number of low scores, including from a handful of high profile runners, allowing others to take a starring role under the floodlights

Formula 1
Oct 3, 2022
The two key contributors to Leclerc's defeat to Perez in F1's 2022 Singapore GP Plus

The two key contributors to Leclerc's defeat to Perez in F1's 2022 Singapore GP

In a marathon Formula 1 Singapore Grand Prix, Sergio Perez’s victory was only assured hours after the race due to a stewards investigation. Throughout the contest the Red Bull driver impressively held off Ferrari’s Charles Leclerc in changing conditions to see the Mexican pull out enough of an advantage to negate his post-race penalty

Formula 1
Oct 3, 2022
The time-honoured manufacturer model that can't apply to all F1 teams Plus

The time-honoured manufacturer model that can't apply to all F1 teams

What happens, asks MATT KEW, if the old adage of win on a Sunday, sell on a Monday is no longer true for F1 manufacturers?

Formula 1
Oct 2, 2022
Why is Oscar Piastri F1's most sought-after rookie? Plus

Why is Oscar Piastri F1's most sought-after rookie?

The Australian rising star is fast, consistent, confident, adaptable and has shown excellent racecraft, but there’s already a taint to his reputation. That hasn’t stopped him becoming the hottest property in this year’s F1 driver market and why McLaren moved fast to snap up the 21-year-old

Formula 1
Sep 30, 2022
The unintended benefit that F1's new engine rules era will deliver Plus

The unintended benefit that F1's new engine rules era will deliver

Formula 1's incoming engine rules shake-up has multiple targets. But it may also solve what has been a bone of contention since the hybrids arrived in 2014. The new plan will allow the series to pump up the volume

Formula 1
Sep 29, 2022