F1: Team principals bemoan lack of unity over costs

F1: Team principals bemoan lack of unity over costs

SINGAPORE - Formula One's struggling backmarkers bemoaned what they called the wealth and selfishness of the successful teams on Friday for escalating costs to compete in the glamour sport.

New 1.6-litre turbocharged V6 engines set for next season will mean a surge in expenses with Caterham, Williams, Lotus, Force India and Toro Rosso all asking on Friday why the bills were getting larger when the sport's governing body, the FIA, had long talked about reducing the burden.

"When I came in to Formula One people talked to me about costs coming down but I don't think there has been a single year it has come down. Next year will probably be the highest year so I think there is something fundamentally wrong," Caterham team principal Tony Fernandes told reporters in Singapore.

"I don't think it is just the engine. I think the teams lost out on an opportunity to get costs under control, self interest over-rode the sport and we are as much to blame for this problem as an engine," added the Malaysian entrepreneur who entered the sport in 2010.

Caterham are still looking for their first point in the sport with their prospects of an improved performance in Singapore looking slim after their two young drivers, Charles Pic and Giedo Van der Garde, finished Friday's practice sessions ahead of the two Marussia drivers only.

Force India's deputy team principal Bob Fernley, whose team trail leaders Red Bull by almost 300 points in the constructors' standings, said numerous meetings and discussions between all the teams had proved fruitless because of different agendas.

"There is a certain amount of greed that comes in from the top teams as well and they have to take some responsibility for that," he said.

"But it is Formula One, it is not something that is new and there has never been any equality in Formula one so you have to go out there and make sure it happens for yourself."

More about

Purchase this article for republication.

BRANDINSIDER

SPONSORED

Most Read

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.