The Weekly Grapevine
F1 appears set to introduce a budget cap for teams, but Dieter Rencken believes that the idea will be far more challenging to implement than many people think
Mission Impossible
The road to hell is paved with good intentions, goes the saying, and whie 'hell' may not be where the best intentions behind the concept of budget caps in Formula One will lead the sport, there exists little doubt that talk of introducing budget capping to this most free-spending of all sports is cheaper than the act of execution.
The buzzword first hit F1 in 2004, when former Jaguar Racing team principal Tony Purnell was struggling to keep Ford's then-blue-chip car company in the sport. Realising that the Blue Oval was haemorrhaging money, the gifted lateral thinker figured a cap on money spent may keep his paymasters involved.
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