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.

Jimmie Johnson won’t race full time in 2023; leaves open possibility of returning at Ganassi

Jimmie Johnson race 2023
Steve Russell/Toronto Star via Getty Images
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Though he remains uncertain of his plans for next year, Jimmie Johnson won’t race full time in 2023, scaling back his schedule after running a full 17-race NTT IndyCar Series season.

“This was a difficult choice for me, but in my heart, I know it’s the right one,” Johnson said in a statement Monday morning. “I’m not exactly sure what the next chapter holds, but if an opportunity comes along that makes sense, I will consider it. I still have a bucket list of racing events I would like to take part in. Competing at this level in IndyCar has been such a great experience.

“I couldn’t have asked for a better team to race for than Chip Ganassi and Chip Ganassi Racing. Everyone worked extremely hard for the last two seasons, pushing to get the best performances out of me every single week. The support from my crew and teammates Dario (Franchitti), Scott (Dixon), Tony (Kanaan), Marcus (Ericsson) and Alex (Palou) went above and beyond anything I could have ever asked for.”

WHAT’S NEXT FOR JIMMIE JOHNSON: An analysis of his racing options for the 2023 season

Driving the No. 48 Dallara-Honda for Chip Ganassi Racing, Johnson ranked 21st in the 2022 points standings with a career-best fifth place July 24 at Iowa Speedway.

After running only road and street courses for Ganassi in 2021, the seven-time NASCAR Cup Series champion added ovals this year. In his Indy 500 debut, he qualified 12th and finished 28th after a late crash.

“I do have a desire to go back (to IndyCar), it’s just at this point, I know what’s required to do a full schedule, and I don’t have that in me,” Johnson told AP. “I don’t have that passion that I need for myself to commit myself to a full season.”

That leaves open the concept of Johnson returning part time with Ganassi, perhaps exclusively on ovals.

“We are fully supportive of Jimmie,” team owner Chip Ganassi said in a statement. “He has been a valued member of our team and if we can find a way to continue working together, we would like to do so.”

During IndyCar’s season finale race weekend, Johnson told reporters Sept. 9 that he planned to explore his options with wife Chandra and daughters Evie and Lydia. Johnson told the Associated Press that his family is considering living abroad for a year or two, and he has toyed with the idea of running in the World Endurance Championship sports car series because of its international locales.

Johnson hasn’t ruled out IndyCar, IMSA sports cars or even a cameo in NASCAR next year. Since retiring from full-time NASCAR after the 2020 season, he has entered the endurance races of the IMSA WeatherTech SportsCar Championship in the No. 48 Ally Cadillac (including Saturday’s Petit Le Mans season finale). Johnson also wants to race in the 24 Hours of Le Mans and is a prime candidate for the Garage 56 entry (a joint project of NASCAR and Hendrick Motorsports).

Johnson told the AP he is interested in becoming the latest driver to try “The Double” and run both the Coca-Cola 600 and Indy 500 on the same day (the most recent was Kurt Busch in 2014).

“You know me and endurance sports, and ‘The Double’ sounds awesome,” Johnson, a four-time Coke 600 winner, told AP. “I’ve always had this respect for the guys who have done ‘The Double.’ I would say it is more of a respect thing than a bucket-list item, and I’d love to put some energy into that idea and see if I can pull it off.”

It is less likely that he would return to IMSA’s endurance events because its top prototype series is being overhauled, limiting the amount of inventory available for the new LMDh cars in the rebranded GTP division.

Johnson has confirmed that he would retain primary sponsor Carvana, which has backed him in IndyCar the past two years. He revealed his decision Monday during the last episode of “Reinventing the Wheel,” Carvana Racing’s eight-part docuseries about his 2023 season.

“I’m thankful for the partnership with a company like Carvana for allowing me to take this journey in IndyCar, for seeing the value in our partnership and being open to future opportunities together,” Johnson said. “They have truly showed me that there are no finish lines in life. Along with Carvana, The American Legion, Ally, cbdMD and Frank August were there every step of the way, and I couldn’t have done it without all of them. Most importantly — and the true rockstars in all of this –my family, Chani, Evie and Lydia. They have always allowed me to chase my dreams, and we are all just really excited about what the future holds for all of us. I have enjoyed every minute of these last two years.”

Said Carvana co-founder Ryan Keeton: “During the past two years, Jimmie Johnson has been so amazing to collaborate with. Our team admires his passion, hard work and commitment to continuous improvement while also having fun, and we look forward to continuing to support him next year in this new chapter.”