Is the idea of a cost cap in Formula 1 really dead?

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As costs continual to spiral in Formula 1, there has been a long-running push for a limit on how much teams spend to be put in place. Many efforts have been made, but all have failed, and with the teams recently meeting to discuss their options, one big question has arisen: is it really possible?

At yesterday’s FIA team principals’ press conference, some interesting figures were asked to attend. Marussia, Caterham, Force India, Sauber and Toro Rosso were all represented by their team bosses, and predictably, questions about the cost cap and the newly-formed F1 Strategy Group came up.

What separates some of these teams from the rest of the field is there backing. Whilst Ferrari and Mercedes have their successful road car sales funding them, and Red Bull has millions of little cans of fizzy drink that give you a kick, the likes of Force India and Sauber have nothing they can actively sell to fund their racing. They exist to race in Formula 1.

So for the cost cap, it’s unsurprising that it is these ‘privateer’ teams that are in favor.

“I don’t believe the cost cap is dead,” Force India’s Bob Fernley explained. “I think as far as we’re concerned it’s still in the hands of the FIA to progress what was unanimously approved and we will do our very best to support other measures that can go in line, but I think you need the two.”

Monisha Kaltenborn of Sauber shares this view. “I don’t think it’s dead because first of all, as it’s been said already, there is a unanimous decision and I think it is very much possible to police it,” she said. “We, at Sauber, definitely could live with a system where you first of all come into with trust, and not the lack of trust, and say if the teams put in the figures and you have a certain actual policing system.

“It can work, we’ve been saying that for long and I think it is very much doable.”

The only person in the press conference who was against the cost cap was Franz Tost, Toro Rosso team principal. The team is, of course, owned by Red Bull (“Toro Rosso” in Italian literally means “Red Bull”), and therefore has less to worry about financially.

“For me the cost cap is dead,” Tost said. “Because the top teams don’t accept it. It’s also complicated for them and as long as auditors are not allowed to look into the books it’s useless to make a cost cap.”

Tost’s skepticism is disappointing given that the team he runs used to be Minardi – the legendary backmarker team in Formula 1 – who would have been jumping for joy at the prospect of a cost cap. However, his point is certainly a valid one. For the likes of Ferrari and Mercedes, it is very difficult to define where development differs between the road cars and the F1 projects.

It appears that the murmurs about a cost cap are set to continue, but a solution may be a long way off. The demise of FOTA and the formation of the F1 Strategy Group – essentially an exclusive club only for the big teams – has not aided matters.

Cadillac confirms WEC driver lineup with Chip Ganassi Racing that will race Le Mans in 2023

Cadillac Ganassi Le Mans
Cadillac Racing
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Cadillac and Chip Ganassi Racing announced their driver lineup for a 2023 entry in the FIA World Endurance Championship, the sports car series that includes the 24 Hours of Le Mans.

The Cadillac V-LMDh entry will be driven by Earl Bamber and Alex Lynn, who were teamed on the No. 02 Cadillac that competed in the IMSA WeatherTech SportsCar Championship DPi class this season and won the Twelve Hours of Sebring. The third driver will be Richard Westbrook, who will return to Ganassi after helping the team to a GT class win at Le Mans in 2018.

The team also will compete in the Rolex 24 at Daytona in the rebranded Grand Touring Prototype premier category, which is designed for crossover between the top prototypes in IMSA and WEC. Ganassi will field a second entry at Daytona with its No. 01 Cadillac that will compete full time in IMSA with Sebastien Bourdais and Renger van der Zande.

A Ganassi spokesman said the team hopes to run its second entry in the 2023 24 Hours of Le Mans but only its WEC team is confirmed (an AOC invitation would be required for the IMSA team). The team also is exploring options but currently plans to have the WEC’s team base of operations in Indianapolis.

Ganassi is the first American-based prototype team to confirm its entry in the 2023 24 Hours of Le Mans. It’s expected that Team Penske, which raced this year’s Le Mans with a full-time WEC entry in LMP2, also will race Le Mans with Porsche’s new LMDh car that is set for IMSA, but the manufacturer has yet to confirm its driver and team lineup.

Next year will mark the return of Cadillac to Le Mans for the first time since 2002.

Before joining Ganassi last year, Lynn made 28 WEC starts since 2016, winning the LMGTE Pro class at Le Mans in 2020.

“I’m absolutely thrilled to continue with Cadillac and Chip Ganassi Racing,” Lynn said in a release. “It’s a huge honor to drive for Chip in any capacity but certainly on a full factory sports car program, it’s seriously cool. Cadillac has so much heritage as a luxury North American sports car brand, so to be able to represent them is a huge privilege. I’ve had a lot of fun in my first year doing it and to continue that onto the World Endurance Championship stage is fantastic.

“For me, returning to WEC is sort of what I’ve always known and it’s a bit like going into my wheelhouse. This year in IMSA was a bit different with getting to know all-new circuits and a new style of racing so 2023 will be filled with a bit more of what I’m used to with more of a European focus. I think what’s significant about WEC is without a doubt Le Mans. As a sports car race, Le Mans is the crown jewel and everything that we want to win. To be able to take Chip Ganassi Racing and Cadillac back to Le Mans to fight for overall honors is a huge honor and that’s something that I’m going to work tirelessly to make sure we achieve.”

Bamber won the Le Mans overall in 2015 and ’17 with Porsche teams and also was a 2019 GTLM champion in IMSA.

“I am really happy to continue at Chip Ganassi Racing and Cadillac,” Bamber said in a release. “I’ve loved my first season in DPi and now to continue over into the LMDh era and WEC is super exciting. Looking forward to fighting for a world championship and another Le Mans victory.

“The World Endurance Championships gives us the opportunity to race at the world’s biggest race, which is Le Mans, the crown jewel of sports car racing. I’ve been lucky enough to win it before and it’s obviously a huge goal for Cadillac and everyone at Chip Ganassi Racing. To have that goal in sight is really exciting. It’s been great to have Alex as a teammate in 2022. We’ve been able to learn and grow together in the DPi, and we have a really good partnership going into WEC. We know each other really well and believe adding Richard will be a seamless transition.”

Said Westbrook: “After four really good years at Chip Ganassi Racing, I’ve got so many friends there and I’ve always dreamt to come back one day. It just worked so well between 2016 and 2019, and I’m delighted we found a route to come together again. I can’t wait, it’s an exciting era in sports car racing right now.

“I feel like I know Alex and Earl really well. I did Le Mans with Alex in 2020 and I’ve known him for years. It feels like I’m going back with an ex-teammate and exactly the same with Earl. Although I’ve never shared a car with Earl, we’ve always done the same sort of racing be it in WEC or in IMSA. We’ve had lots of battles, including this year in our dueling Cadillacs. We’ve always gotten along quite well, and I can say we’re going to have a great year together.”

The seven-race WEC season, which also includes a stop at Spa, will begin March 17 with the 1,000 Miles of Sebring at Sebring International Raceway in Florida.