Formula 1 News

Mallya unhappy about cost handling in F1

The Force India thinks big teams and Formula 1 comercial rights owner CVC Capital and other investors are hurting the sport.
Wednesday, May 29, 2013

May 29th, 2013 (F1plus).- Force India team owner Vijay Mallya has backed his deputy in claiming F1's biggest teams are pushing their small rivals out of the sport.

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Deputy team boss Bob Fernley issued a furious attack on F1 owners CVC last weekend, saying he suspected the odds are being stacked in an apparent bid to "get rid of teams".

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"Everything we're doing at the moment is about increasing costs," he said.

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Fernley said CVC has done an "awful" job and is "the worst thing that has ever happened" to F1, and one report even quoted him as accusing CVC of "raping" the sport.

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According to CVC's Donald Mackenzie, however, Fernley apologised for that.

"He said sorry, that he didn't mean what he said, that he just wanted to get a headline," said Mackenzie.

But Indian businessman Mallya backed his deputy, accusing the biggest teams of backpedalling on earlier cost-cutting agreements and ramping up their spending.

"On the one hand FOTA, when it was in full force, decided that we needed to cut costs in F1," he said.

"But instead of reducing costs, one or two teams decided that winning at any cost was more important than the sustainability of the sport," he is quoted by Brazil's Totalrace.

"I think F1 also needs the independent and the smaller teams."

Bernie Ecclestone agreed that the teams themselves are to blame for spiralling costs.

"They are the ones who control these things. They spend the money," said the F1 chief executive.

"The amount of money I've said the teams receive is enough to run a successful business."

The Jean Todt-led FIA, criticised by some for not getting involved in cost-cutting, has a similar view.

"The FIA has supported the resource restriction agreement but that failed because the teams could not agree," a spokesman told the Guardian.

"The FIA would still like to help teams to cut their costs," he added, but he said the matter of much higher engine costs for 2014 "is between the constructors and their customers".

(GMM)

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