Lotus boss says majority of F1 teams battling funding issues

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Lotus chairman Gerard Lopez (pictured) has told a Russian website that he believes most of the Formula One paddock is dealing with financial issues, declaring that “for 80 percent of the teams, their financial situation is no better than ours.”

The cost of doing business in the world’s most popular motorsport has become a very big problem to the smaller teams. A cost cap is set to debut in 2015, but considering the amount of spending that is done by the bigger teams like World Champion Red Bull, one may have the sense of “I’ll believe it when I see it” when it comes to that initiative.

This past year, Lotus was in the headlines for its money woes as they were for Kimi Raikkonen and Romain Grosjean’s exploits on the track. However, Lopez noted to F1News.ru that with the global economy still limping along, teams have been forced to abandon the usual investment/sponsorship route.

“I can go to potential investors and say ‘I want to sell millions of cars running on renewable energy and hybrid technology’ and they tell me ‘Wow! Let’s see what we can do!,” he said to the Russian site.

“But if I say that I want money for F1, to participate in one of the biggest sporting events in the world, you don’t get the same answer.”

And with that comes the side effect of choosing drivers on the amount of funding they bring to the table instead of on pure talent.

Lotus can certainly relate, as team principal Eric Bouiller has said that Pastor Maldonado’s extensive sponsorship played a role in him gaining their second race seat alongside Grosjean in 2014.

Marco Andretti confident that fewer tests won’t hurt Andretti Autosport

Photo: IndyCar
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A small point of debate around the 2018 aero kit has been the manufacturer test days that took place through the Fall of 2017 and into the beginning of 2018. Chiefly, the debate has centered around teams who hadn’t participated in those manufacturer test days and if they’re starting the 2018 Verizon IndyCar Series season at a disadvantage as a result.

Team Penske, Ed Carpenter Racing, and A.J. Foyt Racing completed test days for Chevrolet, with Schmidt Peterson Motorsports and Chip Ganassi Racing doing so for Honda.

That left teams like Andretti Autosport out of the mix, with some voicing concerns as a result.

However, in a press conference during testing at ISM Raceway last weekend, Marco Andretti explained that he thinks Andretti Autosport should be able to catch up on development, citing the team’s resources – they’re the only IndyCar team with four full-time cars in their stable – and the fact that everyone is still adapting to the new kit.

“I feel like it’s early enough days that, yes, we can catch up,” Andretti said at ISM Raceway. “When there is anything new, a new car, new aero kit, at-track days are huge. We can sim all these things we want. To really get out there and confirm what we’re learning back at the shop is another thing.”

Ryan Hunter-Reay during testing at ISM Raceway. Photo: IndyCar

Andretti continued, “Yeah, I don’t think we should look at it like we’re behind the eight ball. With a four-car team, that’s where we can use it to our benefit. So far so good.”

Teammate Ryan Hunter-Reay, echoed Andretti’s sentiments, adding that while the situation is not perfect, they will need to adapt to it in order to remain competitive.

“Any time you have a new car, to put it into perspective, we’re on track three days on a road course before we get to (the season open in St. Petersburg). That’s a very short amount of time. It’s obviously not ideal, but we’re just going to lace up our boots and get on with it. That’s all you can do.”

Andretti Autosport will have one more team test, at Sebring International Raceway later on in February, before the season-opening Firestone Grand Prix of St. Petersburg.

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