F1 - how much will it stretch before breaking?
Rebels - Renault, Honda, Toyota, BMW-Sauber and McLaren-Mercedes have threatened to set up a rival series after 2007.
There has been utter disarray in F1. I wrote regarding the same last year here, here and here.
Max Mosley has now set a deadline for the rebel teams. BBC adds further:
They want a bigger share of revenues, more say in F1’s future and are upset at plans to limit technology from ‘08. Mosley, president of the sport’s governing body the FIA, wants to give independent teams without support from car manufacturers more of a chance by limiting the budget needed to be competitive to around £57m a year. Ferrari’s budget, the biggest in F1, is reputed to be as much as £287m, with Toyota not far behind.
Are restrictions on technology, number of teams really the answer? In a free world, open economy it doesn’t work. The simple demand-supply works. If the F1 authorities continue to try and boss around, the break is very much a real possibility. It has happened in cricket with Packer and has threatened to happen in cricket again recently (I wrote regarding the same here, here and here). Individuals or individual bodies do not relish seeing their scope restricted. Self interest has to be looked into by the authorities in-charge. Without that, a team or an organisation cannot function. Often people try to take this the other way around and the problems arise thus.
Tags: Formula 1.
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