Ecclestone sets the Budget Cap 250 million dollars

[Rob]

Bernie Ecclestone wants to regain control of Formula 1: it is argued that it could be removed from the Circus of the board of CVC for alleged corruption of which he was accused by a German banza, but in the meantime Mister E is weaving the threads to stabilize the category with the new Concorde Agreement. escaped COSTS OF HAND Bernie is aware that the cost control in Formula 1 has again escaped from the hands of the top teams that no longer accepts that there is a self-regulation, but want to add the Budget Cap agreements that will be the signature. The gentlemen's agreement signed in FOTA had turned a joke as he was disatteo several times by Red Bull Racing, but not only ... POROPOSTA MADE MONDAY ' It was expected that the economic aspect could become a topic to include in the FIA sporting regulations, but Ecclestone has proposed on Monday in Paris to constrain costs in trade agreements. 250 MILLION DOLLARS The proposal would set a limit of $ 250 million per year, surpassing the aborted RRA: the teams were in favor of the principle, while there are very different positions on the amount and methods of implementation. In the count would come all the rumors of a Formula 1 team, but the smaller teams believe that the bar which would be asked would be too high and would ask for a lower limit. DIFFERENT VISIONS AND TEAM replication of manufacturers is that the adoption of new V6 Turbo will be very costly in the initial phase of development for which certain constraints may affect research projects with some innovative aspects. So there's the political will to find a common denominator, but there will still be discussed to define the figure ...


http://www.omnicorse.it/magazine/227...oni-di-dollari

[Rob]

Horner 'comfortable' with Red Bull's spending
Saturday 27 Oktober at 09:35 : Oct.27 (GMM)

Christian Horner insists he is "very comfortable" with Red Bull's stance regarding costs in formula one.

It is believed the energy drink-owned team, the reigning back-to-back world champions and the favourite to win again with Sebastian Vettel in 2012, is the sport's biggest spender.

"Red Bull spends about 250 million per season," Williams' Toto Wolff is quoted by El Confidencial.

He said the Dietrich Mateschitz-owned team is refusing to accept the Resource Restriction Agreement (RRA); a gentleman's pact aimed at cutting costs in several areas.

"If he accepted the RRA, Mr Mateschitz would save a hundred million euros," Wolff said. "Though without their unlimited spending model they would not have the same advantage."

Red Bull team boss Horner, however, insisted: "I feel very comfortable with our position.

"We have been very consistent regarding resource constraints, and if that disturbs others, then that's their problem, not ours," he insisted.

http://www.onestopstrategy.com/daily...+spending.html

[Rob]

Even the owner of Red Bull doesnt care about the gentleman's agreement of RRA, just prove they dont care about cheating at all. Flexi wings, engine maps etc etc etc

[Ken]

With the complexity of resources that are to hand with the major teams, it makes cost control very difficult to police.

While it is seen as desirable to keep the lower teams in with a chance I feel the philosphy is far to difficult to enforce.

Ferrari, Redbull, McLaren, Mercedes and Renault (what ever name they race under ) have associated businesses that they can use to shelter the costs of their spending.

A noble ambition in these times but how do you control it ????

[Hornet]

Yeah, I can't imagine how they can enforce it. The team's company don't exist for F1 only, they develop for other racing series too so who's to say what they are spending is for F1 or not. Its pointless if it cannot be enforced.