Former FIA president Max Mosley has urged Formula 1’s rule-makers to consider a budget cap once again, amid an ongoing financial crisis which has somewhat been swept under the carpet.
A number of teams would likely have missed the opening race in Australia had it not been for advanced prize money payments issued by Bernie Ecclestone.
This certainly hasn’t solved the crisis, but delayed it. The only way to truly fix the problem is to implement a budget cap – something Mosley attempted back in 2009 but failed when the teams threatened a breakaway series.
The Briton says the idea must once again be considered, but with a twist to appease the larger teams which can afford to spend hundreds of millions.
Those that want to spend over the odds can do so, but under the current regulations. Whilst those that agree to run on a capped budget will be allowed greater technical freedom.
“I can imagine that very soon all the teams would fall into the camp of the budget limit,” the 75-year-old told Auto Motor und Sport.
“They would realise that you can also do great motor sport and build technically advanced cars with 100 million.”
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