Ecclestone: F1 teams shouldn’t need a budget cap

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Bernie Ecclestone has weighed in on the cost cap debate currently dominating Formula 1’s political scene, and has questioned why teams cannot work to cut costs themselves without the imposition of budget limits.

Many efforts have been made over the past five years to introduce a cost cap in Formula 1 after spiralling costs have threatened the future of a number of teams, and has claimed a number of high-profile scalps. Honda, Toyota and BMW all left the sport between 2008 and 2009 due to spiralling costs, but little has changed economically since then.

For Ecclestone, it is simply a case of the teams looking in the mirror and finding a way to self-regulate.

“The teams can cut costs so why don’t they spend less? I don’t think they need a budget cap,” he told The Independent. “The people who don’t need a budget cap will find their way round it.”

The teams further down the grid – Caterham, Marussia, Sauber and Force India in particular – have been pushing for a cost cap in order to become more competitive. However, without having a secure future in the sport, Ecclestone believes that it is unreasonable for them to expect to have a say.

“There are four teams that are not in the Strategy Group and why not? Because the people that are have committed to racing in Formula One to 2020 and have put up sensible guarantees if they don’t,” he said.

The 83-year-old also used the cost cap debate to deal yet another blow to the new engines, believing that the price of implementing them was far too great.

“Tell me, what was the idea of the cap? To keep costs down. So we put this engine in and it costs four times more than the other one, and costs the manufacturers a hell of a lot of money,” Ecclestone pointed out.

Although the teams should indeed be able to cut costs and keep an eye on their own finances, the pursuit of race wins and championships is almost entirely dependent on spending power. All of the successful teams in recent history – Mercedes, Ferrari, Red Bull, Renault and McLaren – have a product backing them (although McLaren is a semi-exception).

The likes of Sauber and Marussia, on the other hand, exist to race, making financial solvency difficult at times. They will not be giving up on the cost cap, even if the likes of Red Bull and Ferrari are happy to spend as much as it takes to win.

Is it really possible for the teams facing financial difficulties to commit to the sport until 2020? And should they really be excluded from the ‘big boy’ strategy group because of this?

Without a cost cap, the teams will continue to spend and spend. They should be able to self regulate, but guidance is required.

This debate will, as it has done for five years now, only continue to rumble on and claim more victims.

IMSA: Heavy news week leading into Thanksgiving holiday

Photo courtesy of IMSA
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After the weekend and before the Thanksgiving holiday this week, IMSA has rolled out a number of announcements itself, while IMSA could be set for further announcements in the weeks to come starting next week.

Here’s a roundup:

QUALIFYING AT ROAR SET FOR PIT POSITIONS, GARAGES AT ROLEX 24

Here are key notes from IMSA’s Monday release about how Sunday at the Roar Before the Rolex 24 will take on a greater significance:

  • The pit boxes and garages each team will use during the Rolex 24 will now be allocated based on fastest qualifying times set during Sunday’s third and final day of the Roar. Each of the three WeatherTech Championship classes – Prototype (P), GT Le Mans (GTLM) and GT Daytona (GTD) – will have a 15-minute qualifying session on Sunday, Jan. 7.
  • The fastest-qualifying Prototype will receive the first pit box on pit lane starting at pit-in and also will be assigned to the first garage in the Prototype section of the WeatherTech Championship garage. The fastest GTD car will receive the second pit box on pit lane and the first garage in the GTD section, with the fastest GTLM car receiving the third pit box and the first garage in the GTLM section.
  • New for 2018 – P and GTLM will pit together under a full course yellow. Therefore, to give class separation in the pits, P and GTLM teams are assigned pit boxes to ensure they are separated by a GTD Team.

This, coupled with the addition of the first IMSA Prototype Challenge Presented by Mazda one-hour, 45-minute race with two drivers, will make this a more shaken up Roar.

REGS, REGS, GET YOUR REGS

IMSA has released the Sporting and Technical Regulations for 2018 this week. The aforementioned note about P and GTLM teams pitting together is a change from P and Prototype Challenge (PC) class cars pitting together, with GTLM and GTD together as it was this year.

Restart procedures changed will see P cars moved to the lead ahead of GT cars; this created confusion at times throughout 2017 as sometimes another class leader in PC, GTLM or GTD had been the first car behind a pace car.

Each team will be limited to one car change in-season only, subject to “force majeure.”

On the off chance a driver is racing in two cars, his or her maximum drive time will be counted cumulatively between the two cars.

There are other tweaks, of course, but most are largely procedural or within the fine print.

RATINGS REVEALED

The good news with IMSA going down from four classes to three for 2018 is that only one designated pro-am class remains in the form of GT Daytona, which requires at least one Silver (or Bronze) full-season driver alongside the designated pro. Those sneaky “Super Silvers” remain an invaluable asset for using his or her results to their benefit.

The FIA released the initial driver ratings for 2018 this week with a few changes, some young pros going up from Silver to Gold and others getting their request to get downgraded from Gold to Silver approved. Drivers have a couple weeks to appeal if they so desire.

Here’s your friendly reminder of what drivers can be in what GTD cars for the first two races at Daytona and Sebring:

  • Daytona (5 drivers max): GTD: In any nominated two (2) or three (3) Driver combination, a maximum of one (1) Platinum or Gold rated Driver is permitted. In any nominated four (4) or five (5) Driver combination, a maximum of one (1) Platinum and (1) Gold rated Driver are permitted or a maximum of (2) Gold Drivers.
  • Sebring (4 drivers max): GTD: In any nominated two (2) or three (3) Driver combination, a maximum of one (1) Platinum or Gold rated Driver is permitted. In any nominated four (4) Driver combination, a maximum of one (1) Platinum and (1) Gold rated Driver are permitted or a maximum of (2) Gold Drivers.

MAZDA KEEPS ON TESTING, CLOSES ON ANNOUNCEMENTS

The Los Angeles Auto Show, held after Thanksgiving, is a likely landing spot for Mazda Team Joest to reveal, officially, its revised “Evo” version of the Mazda RT24-P and its driver lineup for the 2018 season. While most of the Prototype class lineups (DPi and LMP2-spec cars) have been revealed, Mazda’s has been an exception. In the interim, not long after its Daytona test late last month, they’ve also been testing at Sebring.

FROM SPACE CENTER TO DOWN UNDER

Jordan Taylor undertook testing of a different kind not long ago at, of all places, the Kennedy Space Center. One of this year’s Prototype class champions was undertaking a straight line test in his No. 10 Konica Minolta Cadillac DPi-V.R. Taylor being Taylor, the moment couldn’t pass without him winning at social media (see third tweet).

Taylor goes from down a long runway to down under, visiting his first Virgin Australia Supercars Championship race this weekend at its season finale in Newcastle.

‘MAKING OF A CHAMPION’ PIECES ROLL OUT

The fourth installment of IMSA’s “making of a champion” series highlights Jordan Taylor, who co-drove with brother Ricky to the Prototype class championship this year. These two are part of four done by IMSA so far, along with Pato O’Ward (PC) and Christina Nielsen (GTD). More should follow in the coming weeks.

SPEAKING OF CHAMPS, HINDMAN, AGOSTINI, PRESTIGE WIN LAMBORGHINI WORLD FINAL

The Lamborghini Super Trofeo World Final was held last weekend at the Imola circuit in Italy and the American Prestige Performance team won the World Final overall, with co-drivers Trent Hindman and Riccardo Agostini.

The World Final brings together teams from North America, Europe and Asia that campaign the spec Lamborghini Huracán LP 620-2 in Super Trofeo regional competition. Hindman and Agostini got the weekend off on the right foot by winning the North American championship first, then followed it up at the World Final itself to topple all other domestic and international entries.

You might remember we profiled Hindman last month, as the 22-year-old’s star in the sports car world is clearly on the rise.

Somehow, someway, at the end of the day today we received the title 2017 Lamborghini Super Trofeo World Champions. Race 2 was not perfect and much more nerve racking than we would have hoped but fortunately in the end the job was done. I am honored to be sharing this with @rickyagostini as well as the entire @prestigeperfctr @waynetaylorracing team and I thank them for their incredible effort all year. With this result, we are the first ever American team to win the Lamborghini Super Trofeo World Championship overall. 3/4 overall wins along with the Super Trofeo North America and World titles marks the end of a successful 2017 campaign. Back to reality tomorrow. Thank you all for following us along on this incredible journey.

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