Gastaldi: F1 must review its business model

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Lotus deputy team principal Federico Gastaldi believes that Formula 1 must review its business model if it is to aid some of the financial uncertainty being faced by the sport.

Lotus has diced with a number of financial issues over the past three seasons, but was saved from entering administration in September after Renault signed a letter of intent ahead of a buy-out.

In 2014, Caterham and Marussia both entered administration, while Sauber and Force India are known to have struggled in recent years.

The issues are not restricted to teams, though. The German Grand Prix dropped off the calendar in 2015 and, most recently, the Circuit of The Americas in Austin, Texas is thought to be at risk due to growing financial problems.

Speaking ahead of next weekend’s 2015 season finale in Abu Dhabi, Gastaldi called on the sport’s leaders to enact changes to its business model in order to help remedy some of the problems.

“I believe it is crucial for Formula 1 to review its business model,” Gastaldi said. “There are so many financial issues throughout the sport, whether for teams or promoters, that it is hard to see where things will go.

“I know that both Mr. [Bernie] Ecclestone and the FIA have been trying to change things and I also know that teams aren’t always the easiest to work with when we have to join forces. Our agendas and situations differ too much and are almost always preceded with self-preservation.

“Additionally, and I have said this before, we have to do everything that we can – all of us – to help promoters sell tickets. Without fans, where would we be?”