FIA raises F1 budget cap figure to 40m

The figure for a voluntary budget cap in formula one next year has been increased by 10 million pounds sterling to 40m.

Announced on Thursday, it was ratified by the World Motor Sport Council in Paris a day earlier, while at the same time the maximum number of teams was increased by 1 to 13 for 2010.

As the global recession bites, Formula One Management has also offered a US $10m welcome payment for new teams, plus the promise of free chassis transportation and 20 air tickets for flyaway races.

Moreover, existing manufacturer-backed teams are being enticed to join the budget capping with the exclusion of engine costs. Marketing and driver costs will also not be included in the cap, the FIA confirmed in a statement.

An entry list for 2010, potentially featuring a full grid of 26 cars, will be published by the Paris body in June.

The big teams do not have to sign up for the cap, but their engines will be rev-limited, the test ban will continue to apply for them, and their cars will not be allowed to feature moveable wings.

"The FIA believes that cost capping will prove attractive, and it hopes that over time all teams will join," the FIA said.

"So far, interest has been extraordinarily high from both existing teams and potential new entrants."

 

Source: GMM

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 Bristol411S3 Bristol411S3
I'd love to see 26 cars on the grid again, like there was in the 80s. Although back then only 22 I think actually raced as the slowest four didn't were excluded. But that was before the 117% of pole ruling. I also recall that there used to be a ?25M fee to pay to even join in F1. How times have changed...
April 30, 2009 12:38 pm
 mc959 mc959
yeah man, i was only 5 or 6 years old at the start of the 80's, so i did'nt know this, thx for the info
April 30, 2009 12:57 pm
 Vlad Vlad
More Cars = More Accidents @ first corner!!! Great spectacle...
April 30, 2009 1:52 pm