Rising costs risk F1 future of smaller teams: Mallya
Sahara Force India team principal Vijay Mallya feels that rising costs vis-a-vis the new regulations in 2014 may squeeze smaller teams out of Formula 1.
|Last Updated: May 29, 2013, 04:57 PM IST|Source: Bureau
London: Sahara Force India team principal Vijay Mallya feels that rising costs vis-a-vis the new regulations in 2014 may squeeze smaller teams out of Formula 1.
Budget of teams will rise substantially with the introduction of 1.6 litre V6 engines next season.
There is no cost control mechanism in the sport as 11 teams are unable to agree on the amount of budget cap.
Mallya said he was concerned about the current situation.
"Rather than reducing costs, one or two teams have decided winning at any cost is more important than the sustainability of the sport, so there is no resource restriction that is implemented, quite contrary to the fact that costs are going up," Mallya was quoted as saying by Formula1.com Wednesday.
"If you only want three or four teams in Formula 1 running three cars each you should proceed in the way it is now.
"But I think Formula 1 also needs the smaller independent teams as well, so everybody must also look at the common interests - not only the individual interests," he said.
Mallya stressed on the importance making the sport viable for all stakeholders.
"The FIA (sport`s governing body) and FOTA (teams association) - when it existed in full strength - had resolved that we need to reduce the costs of Formula 1.
"Whether it is the commercial rights holder, the FIA, or the teams themselves, I think it is very necessary that all the important stakeholders sit across the table and find a viable solution."
Force India are punching above their weight by being fifth in the team standings, ahead of McLaren.
IANS
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
Cookies Setting
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device and the processing of information obtained via those cookies (including about your preferences, device and online activity) by us and our commercial partners to enhance site navigation, personalise ads, analyze site usage, and assist in our marketing efforts. More information can be found in our Cookies and Privacy Policy. You can amend your cookie settings to reject non-essential cookies by clicking Cookie Settings below.
Manage Consent Preferences
Strictly Necessary Cookies
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work or you may not be able to login.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They are also used to limit the number of times you see an advert as well as help measure the effectiveness of an advertising campaign. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we may not know when you have visited our site, and may not be able to monitor its performance.