'Strategy Group against cost cap'

Tuesday 8th April 2014

 RSS

Share:

'Strategy Group against cost cap'

'Strategy Group against cost cap'

Jean Todt has abandoned plans to introduce a cost cap in 2015, saying he cannot as all those in the Strategy Group are against it.

Last year, the FIA announced that they would implement a cost cap in 2015 in a bid to curb the spiralling costs of competing in Formula One.

Those plans, though, have now been scrapped as at least six teams are against the proposal.

Todt revealed that those in F1's new Strategy Group - Red Bull, Ferrari, Mercedes, Williams, McLaren, and Lotus - as well as Bernie Ecclestone had all opposed it.

"Most of the teams were in favour of the cost cap, but I understand that all the teams that are part of the Strategy Group are against it now," the FIA President told Autosport.

"So clearly, if the commercial rights holder, and if six teams, which means 12 of 18 are against, I cannot impose it.

"It's mathematics. So in this case, no more cost cap."

The Frenchman, though, is still hoping at least cut some costs through "sporting and technical" rules.

"Am I disappointed?" he continued. "In a way I am disappointed because it may be more difficult to achieve the reduction which I feel is needed.

"But everyone says we are all in favour of reducing the cost, and through sporting and technical regulations."

Gallery: Race Day In Hungary

Editor's Picks

Winners & Losers: Germany

Winners & Losers: Germany

Not the best result, but Daniel Ricciardo drove the finest race of his F1 career on a storming afternoon at Hockenheim...

Ferrari Must Cut Kimi Losses

Ferrari Must Cut Kimi Losses

There appears to be a sense of déjà vu for Ferrari since the return of Kimi Raikkonen, and perhaps it's time for the team to cut their losses...

Team-Mate Wars: British GP

Team-Mate Wars: British GP

Daniil Kvyat is bossing his more experienced team-mate, unlike Kevin Magnussen. Fernando Alonso still has the biggest margin...

PlanetF1 Fantasy League

PlanetF1 Fantasy League

The season may be underway but you can still enter the PlanetF1 Fantasy League and win prizes on a race-by-race basis...