One of the main issues that the new leadership of the Formula 1 will have to face in their first years at the front will be the costs, and the need to make the Formula 1 is viable on an economic level, for its participants. Since several years ago, the idea of the limit budget has planned for the Formula 1 with serious critics, which was close to lead to a split in 2010.
And that is limit budgets is a task whose practical application is of enormous complexity. Teams of middle and low, and some of the area middle-high, pleading for it to keep spiraling costs under control, but the major teams and manufacturers consider that to establish a cap that would imply a significant reduction of their current expenses is almost impossible, given the huge resources they have and the many ways of deriving the expenditure of that money.
In statements to Motorsport, Zak Brown, boss of McLaren, has expressed his support for the concept of the limit of the budget. States that there will be a lot of resistance when it is raised, but believes that should be discussed in depth to contemplate all the aspects involved.
“I don’t think you have 25 races of the night to the morning. As we look towards 2021, and in the direction of the Formula 1, speaking of the budget ceilings, something I support. There is a lot of discussion about which is the top, what is included and how to get there. Needs to be discussed and debated, but McLaren supports the concept. How many races do you do, and how you fit into that conversation. It will not be easy to happen, but we have new owners, and now it is your sport. It has been a hot topic for a while, but the distribution of finances is too unbalanced. I’m not suggesting that should be the same for all, but the disparity between the first and the last is too large. That’s why we see those teams shutting down, and not seen enough teams winning races. Those who are getting a large part of the money going to be the most resistant to change, and those who have less are going to be more push for change. is Going to be a heated discussion, but it is something that needs to be addressed, because the current way is not healthy for all, and we all have a Formula 1 healthy.”
With all of this, the full picture of the costs goes far beyond the limit of the budget. In an interview in BBC Radio 4, Ross Brawn has argued that the category will need to make changes of various kinds in the way that the teams receive income and spend your money to ensure its survival, pointing to the commercial rights, although it states that it is an aspect that will have to wait some time for the contracts in force.
“Without doubt, we’re going to have a complete list of goals, and one of them is to allow small teams could fend for themselves. On the one hand, it involves the money that is paid to the equipment and, on the other, the cost to compete and give a performance decent. We will not be able to do too much by the money that is paid to the teams in a few years, until the commercial agreements are reviewed again, but I think that the owner of the commercial rights have a valid opinion in trying to ensure that the costs of the equipment are reduced. The costs of a small team well organized to make sense. When we do, those posts will remain in Formula 1 will be attractive, because there will be a viable business. For the moment, I’m not sure what you have, and that is what we need to concentrate”.