Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

'If It's F1, It's Vital'

Ecclestone calls for cost cuts

Bernie Ecclestone the boss of Formula One, wants further spending cuts in the sport and calls for the big teams to stop looking through rose-tinted specs.

To be competitive in Formula One you have always needed money, lots of it. The difference between the spend of the teams at the back of the grid such as HRT and Marussia, compared to the likes of Red Bull and Ferrari is not millions, its tens of millions of pounds.

'There are still too many people in Formula One running around with rose-tinted glasses. They obviously like to see the world as they want it to be - wonderful, the sun is shining, isnít life delightful - and not how it is. The downside of these glasses is that they blind you to reality.'

'Change the colour of your glasses and tighten your belts. Stop spending more than you need to.'
Ecclestone told formula1.com.

The recent arguments around the Resource Restriction Agreement [generally referred too as the RRA] has virtually brought FOTA [Formula One Teams Association] to its knees with a number of teams withdrawing from the organisation over the winter.

The teams of course know they must work together and so very little in reality has changed since their high profile withdrawals. Teams like McLaren and Lotus who remain in FOTA are still talking to teams like Red Bull and Ferrari who have withdrawn, they are still making appearances at FOTA fan events and negotiations continue, they have too because this year a new Concorde Agreement also has to be reviewed and agreed.

It's all about politics, something the general fan would love to avoid, but unfortunately is critical for the sport as it shapes its future over the next few years.

Especially when money and team budgets are firmly on the agenda.

Bernie continued: 'The teams have to learn to be competitive without tonnes of money. They have to refocus again on the basics - on racing, spending on the sport - and not on baronial motorhomes and all kinds of entertainment.

'it is very difficult to find a consensus between all the parties involved. Take everyday life - it is already difficult to find consent between two people. Then try that with 12 team principals! Coming to FIA, we see the FIA representatives in the light blue shirts at every race, donít we? So they are not invisible at all. Believe me, I am working very hard to balance all these different parties and their needs.








Join Vital F1

It's easy to join up and join in on VitalF1.com, simply click the link and enjoy getting involved!

If you are already a member of Vital Football, your logins will automatically work on VitalF1.com!

The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Wednesday March 14 2012

Time: 10:00AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Vital F1 Articles

Verstappen turns 17 and gets F1 drive (Tuesday September 30 2014)

Mercedes identify Rosberg fault (Tuesday September 30 2014)

Who will win in Japan? (Monday September 29 2014)

Button hints at new deal (Thursday September 25 2014)

No imminent announcement for McLaren (Wednesday September 24 2014)

Magnussen denies burns (Tuesday September 23 2014)

Red Bull not giving up on long shot (Tuesday September 23 2014)

Singapore swings in Hamilton's favour (Monday September 22 2014)

Will reliability decide the F1 title? (Monday September 22 2014)

Blog: Singapore GP Report (Monday September 22 2014)

2014 - Singapore - Race (Sunday September 21 2014)

Blog: Singapore Qualifying (Sunday September 21 2014)

2014 - Singapore - Qualifying (Saturday September 20 2014)

2014 - Singapore - FP3 (Saturday September 20 2014)

2014 - Singapore - FP2 (Friday September 19 2014)

2014 - Singapore - FP1 (Friday September 19 2014)

Alonso angered by Italian rumour mill (Friday September 19 2014)

Massa & Chilton raise radio ban concerns (Friday September 19 2014)

Renault aiming to optimise performance (Thursday September 18 2014)

Rosberg & Hamilton hope to gain advantage (Thursday September 18 2014)

FIA clarify new radio rules (Wednesday September 17 2014)

Lotus finances improving (Wednesday September 17 2014)

Williams want to become title contenders (Tuesday September 16 2014)

Prodromou completes McLaren switch (Tuesday September 16 2014)

Radio ban not clear says Mercedes (Monday September 15 2014)

Who will win the Singapore Grand Prix? (Monday September 15 2014)

F1 radio clamp down (Friday September 12 2014)

Massa needed podium finish (Thursday September 11 2014)

Button enjoyed Perez battle (Thursday September 11 2014)

Schumacher returns home (Wednesday September 10 2014)

Di Montezemolo steps down (Wednesday September 10 2014)

Di Montezemolo criticised by Fiat boss (Tuesday September 9 2014)

Albers quits Caterham (Tuesday September 9 2014)

Williams maximise performance (Monday September 8 2014)

Hamilton deserved victory says Rosberg (Monday September 8 2014)

Blog: Italian GP Report (Monday September 8 2014)

2014 - Italy - Race (Sunday September 7 2014)

Blog: Monza Qualifying (Saturday September 6 2014)

2014 - Italy - Qualifying (Saturday September 6 2014)

2014 - Italy - FP3 (Saturday September 6 2014)

2014 - Italy - FP2 (Friday September 5 2014)

2014 - Italy - FP1 (Friday September 5 2014)

Speculation bores Vettel (Friday September 5 2014)

Could Mercedes drop Rosberg or Hamilton (Friday September 5 2014)

Hass seal Ferrari deal (Thursday September 4 2014)

Renault join calls for engine freeze lift (Wednesday September 3 2014)

Ferrari frustration for Fernando (Wednesday September 3 2014)

Hamilton will not give up (Tuesday September 2 2014)

Who will win the Italian Grand Prix? (Tuesday September 2 2014)

Rosberg finally takes responsibility (Monday September 1 2014)

Ferrari boss attempts to buy time (Monday September 1 2014)

Williams must improve (Friday August 29 2014)

Ricciardo is a championship contender (Wednesday August 27 2014)

Rosberg refuses to comment (Tuesday August 26 2014)

Blog: Belgian GP Report (Tuesday August 26 2014)

Crash was deliberate claims Hamilton (Monday August 25 2014)

Finger of blame pointed at Rosberg (Monday August 25 2014)

2014 - Belgium - Race (Sunday August 24 2014)

Blog: Spa Qualifying (Sunday August 24 2014)

2014 - Belgium - Qualifying (Saturday August 23 2014)

2014 - Belgium - FP3 (Saturday August 23 2014)

2014 - Belgium - FP2 (Friday August 22 2014)

2014 - Belgium - FP1 (Friday August 22 2014)

Chilton to race in Spa (Friday August 22 2014)

Russia is ready (Thursday August 21 2014)

Kobayashi dropped by Caterham (Thursday August 21 2014)

Ferrari lucky to have 2 great champions (Wednesday August 20 2014)

Introducing Max Verstappen (Tuesday August 19 2014)

2014 Ferrari doesn't suit Kimi (Tuesday August 19 2014)

Who will win the Belgian Grand Prix? (Monday August 18 2014)

New Ground For Mercedes (Monday August 18 2014)

Lowe rejects Newey claim (Friday August 15 2014)

Kimi targets race wins in 2015 (Tuesday August 12 2014)

Grosjean uncertain over future (Monday August 11 2014)

Blog: Time for Bernie to go (Thursday August 7 2014)

Archived Vital F1 Articles

List All Vital F1 Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Red5 1022
2. DJ 887
3. The Fear 771
4. Villaininthemerde 612
5. johnkelv 569
6. Druss_the_Legend 521
7. Push The Button 440
8. col8 334
9. The Intimidator 149
10. __villa__ 145

Current Site Poll (view all polls)

Who will win the Japanese Grand Prix?
Hamilton 65%
Rosberg 7%
Ricciardo 7%
Vettel 7%
Alonso 0%
Raikkonen 7%
Bottas 7%
Massa 0%
Someone else 0%