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.

Rolex 24 at Hour 8: Acuras, Cadillacs look strong in GTP; tough times for Tower in LMP2

Rolex 24 at Daytona
James Gilbert/Getty Images
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DAYTONA BEACH, Fla. – The premier hybrid prototype era of the Rolex 24 at Daytona began with a relatively smooth start Saturday through the Hour 8 mark.

Though two of the new Grand Touring Prototype cars fell out of contention within the first six hours, seven cars representing four big-money manufacturers were setting the pace (albeit conservatively at times) after eight of 24 hours in the endurance race classic.

The Cadillacs of Alex Lynn (No. 02, Chip Ganassi Racing) and Jack Aitken (No. 31 of Action Express) held the top two spots with a third of the IMSA WeatherTech SportsCar Championship completed.

RUNNING ORDER: Standings through eight hours l By class

Brendon Hartley was running third in the No. 10 Wayne Taylor Racing Acura, followed by Nick Tandy in the No. 6 Porsche Penske Motorsport 963, Renger van der Zande in the No. 1 Chip Ganassi Racing Cadillac and Tom Blomqvist in the No. 60 Meyer Shank Racing Acura.

The No. 24 BMW M Team RLL BMW M Hybrid V8 ’s No. 24  was the first GTP car a lap down, but in better shape than its sister. The No. 25 BMW pulled off track for major repairs near the end of the first hour and was classified 133 laps down in 59th in 61 cars.

Misfortune also befell the No. 7 Porsche Penske Motorsport, which was forced into the garage for a battery change with 18 hours and five minutes remaining. The 963 was 19 laps down in 22nd.

But all things considered, the debut of the GTPs had belied the hand-wringing and doomsayer predictions that had hung over Daytona the past two weeks. Cadillac Racing’s three V-LMDh cars had avoided mechanical problems (needing only typical body repairs for the front end of the No. 01 and rear end of the No. 31 for minor collisions in heavy traffic throughout the 61-car field).

Its stiffest competition seemed to be the Acura ARX-06s, which led more than 100 laps in the first eight hours.

Pole-sitter Tom Blomqvist built a sizeable lead in the No. 60 (which won last year’s Rolex 24) while leading the first 60 laps around the 12-turn, 3.56-mile road course.

“That was my longest time in the car since we got it,” said Blomqvist, who led the car to the IMSA premier championship last season. “We’re driving it into the unknown now. We’ve done everything we can. We know it’s a strong, fast car, but there are so many things to learn it almost feels like we’re winging it. It’s a constant learning curve, for both me as a driver but for the whole team. We’ve had a good start to the race, but there’s a lot of race to go and anything can happen.”

The No. 60 lost positions when Helio Castroneves spun just short of seven hours remaining but later soldiered back into the lead with Blomqvist.

“That was a wild ride,” Castroneves said. “I just got caught up in the moment and I’m not sure what happened. It locked the rear so unexpectedly. Certainly, the car is fast. There’s a lot of traffic. It was very, very difficult. The Acura has good pace so far, and we are learning a lot in a short time.”

Two days after predicting the race would be an “old-school endurance race” with conservative driving and setups, Simon Pagenaud said his forecast has been realized.

“Totally,” the Meyer Shank Racing said after completing his first turn behind the wheel of the No. 60 shortly before Castroneves’ incident. “It’s been rare that I’ve been saving equipment this much here. In any of my experience in sports car racing, I’ve rarely driven this cool, basically trying to protect everything. It’s what we’ve got to do. And we’ve got the advantage having pace with the Acura.

“So for us, this time of the race, we’ve just got to build the foundation of our race. There’s really no need to dive into the Bus Stop on somebody right now. Six hours to go is a whole different story. If we’re there, there’s no problem. We’ll do it. We have the capacity to do that, which is honestly such a luxury. But at this point to me, we’re just going to save the equipment, get there and see where we are because the car is extremely fast.”

Pagenaud was involved in one when he was warned by IMSA stewards for “incident responsibility” on a spin involving the No. 8 Tower Motorsports LMP2 that is being co-driven by Josef Newgarden and Scott McLaughlin (two of the 10 active IndyCar drivers in the 2023 Rolex 24).

Tower driver-owner John Farano was in the car at the time, but Pagenaud joked he thought it was Newgarden, his former IndyCar teammate at Team Penske.

“I thought the Tower car, that must be Newgarden,” Pagenaud cracked. “Was it him? Don’t tell me. I know it was him. Doesn’t matter. Let me just take it. I’m going to say it’s him. Please tell him I said that when you see him.

The 2019 Indy 500 winner and 2016 IndyCar champion chalked up the run-in with Farano as “a misunderstanding. He hesitated passing the car ahead of him and gave me the left side, so I dove in on the outside, and he basically released the brake and hit my rear. So you could say it’s on me. You could say it’s on him. Honestly, I was confused as to what happened because I just saw him spin in the mirror. I don’t think we had contact.”

It already was a long day for the No. 8 Tower, which had to pull off the track on the first lap. A water bottle fitting leaked onto the ORECA LMP2 07’s electronic control unit, which malfunctioned. The team lost 10 laps while being towed to the pits and repaired as the first yellow flag flew less than five minutes into the race for the incident.

By the time Newgarden handed off the car to McLaughlin, the No. 8 still was nine laps down with eight hours to go.

Last year’s Rolex 24 at Daytona LMP2 winner, which also featured two IndyCar stars in Colton Herta and Pato O’Ward, rallied from five laps down, but Newgarden lamented missing three opportunities to regain a lap under yellow.

“We’re trying to chip away at it; it’s just difficult,” the two-time IndyCar champion said. “I feel solid, and it’s very fun to be in the mix the first time. Very special to be out there in the action. Just wish we were on the lead lap. Our pace was solid. We were strongest on track, but that’s going to change in the later hours with the hot shoes in the car. It’s not going to be easy to pull laps back on this field. It’s a very stacked contingent. They’re all good teams, lot of good drivers. Put ourselves in a hole not a good situation to be in, keep fighting at it. Felt like our pace was good.

“It’s not looking good now. You get toward the end of race, you won’t gain laps back on pace. There are too many good teams and drivers. … We need 8 or 9 yellows to go our way. It just doesn’t look good. But never say never. What if all the GTPs just blow up? I don’t know what’s going to happen. They look really good right now. This is not what everyone predicted. Let’s see. You just never know in racing.”