View Poll Results: Whose side are you on regarding the F1 budget cap issue?
Ferrari
8
66.67%
FIA
3
25.00%
Neither (explain in post)
1
8.33%
Voters: 12. You may not vote on this poll
Now It's Getting Nasty - Ferrari Loses Bid to Prevent Cap, FIA Fires Back
#1
05-20-2009 | 12:07 PM
Thread Starter
| Teamspeed Pro
Joined: Apr 2008
Posts: 23,875
From: Orange County
Now It's Getting Nasty - Ferrari Loses Bid to Prevent Cap, FIA Fires Back
This is turning into quite the soap opera.
Whose side are you on? Vote in the poll!
Taken from https://teamspeed.com/forums/pit-stop/www.autosport.com. Full text available at: http://www.autosport.com/news/report.php/id/75442.
Taken from https://teamspeed.com/forums/pit-stop/www.autsport.com. Full text available at: http://www.autosport.com/news/report.php/id/75444.
Whose side are you on? Vote in the poll!
Taken from https://teamspeed.com/forums/pit-stop/www.autosport.com. Full text available at: http://www.autosport.com/news/report.php/id/75442.
Taken from https://teamspeed.com/forums/pit-stop/www.autsport.com. Full text available at: http://www.autosport.com/news/report.php/id/75444.
Last edited by Barrister; 05-20-2009 at 12:19 PM.
#2
05-20-2009 | 12:13 PM
Teamspeed Pro
Joined: Apr 2008
Posts: 3,821
From: Bahrain
BREAKING NEWS!-Ferrari lose cost cap injunction
Ferrari has lost its injunction against the FIA in which the Italian team claimed that the sport’s governing body could not introduce the controversial optional £40m budget cap for the 2010 season due to the team having the right to veto any such proposal.
The 60-minute hearing took place yesterday in Paris with both sides putting forward arguments for and against the way in which the cap had been introduced with the result being announced at lunchtime today.
Judge Jacques Gondran de Robert rejected the Italian team's claim because Ferrari is part of the World Council could have used it veto to vote against the changes.
The news means that the FIA budget cap will form the basis of ongoing discussions with the Formula One Teams’ Association who are looking to convince the FIA that their, as yet undefined, proposals are the way forward and not the preferred straight cap the governing body favours.
The Italian team today claimed that a leaked entry list for the 2010 championship is more appropriate for a GP3 series than Formula One.
"Wirth Research, Lola, USF1, Epsilon Euskadi, RML, Formtech, Campos, iSport: these are the names of the teams, which should compete in the two-tier Formula One wanted by Mosley," the team said on its official website.
"Can a World Championship with teams like them - with due respect - can have the same value as today's Formula One, where Ferrari, the big car manufacturers and teams, who created the history of this sport, compete? Wouldn't it be more appropriate to call it Formula GP3?"
Ferrari, along with Renault, Red Bull and Toyota are not expected to submit entries for the 2010 championship by the May 29th deadline.
Details to follow.
Earl ALEXANDER
© CAPSIS International
The 60-minute hearing took place yesterday in Paris with both sides putting forward arguments for and against the way in which the cap had been introduced with the result being announced at lunchtime today.
Judge Jacques Gondran de Robert rejected the Italian team's claim because Ferrari is part of the World Council could have used it veto to vote against the changes.
The news means that the FIA budget cap will form the basis of ongoing discussions with the Formula One Teams’ Association who are looking to convince the FIA that their, as yet undefined, proposals are the way forward and not the preferred straight cap the governing body favours.
The Italian team today claimed that a leaked entry list for the 2010 championship is more appropriate for a GP3 series than Formula One.
"Wirth Research, Lola, USF1, Epsilon Euskadi, RML, Formtech, Campos, iSport: these are the names of the teams, which should compete in the two-tier Formula One wanted by Mosley," the team said on its official website.
"Can a World Championship with teams like them - with due respect - can have the same value as today's Formula One, where Ferrari, the big car manufacturers and teams, who created the history of this sport, compete? Wouldn't it be more appropriate to call it Formula GP3?"
Ferrari, along with Renault, Red Bull and Toyota are not expected to submit entries for the 2010 championship by the May 29th deadline.
Details to follow.
Earl ALEXANDER
© CAPSIS International
#3
05-20-2009 | 12:14 PM
Teamspeed Pro
Joined: Aug 2007
Posts: 3,391
I'm a huge Ferrari fan. And I think it will be near impossible to police. But I think a cap would be good for the sport.
But then I also would have preferred the more traditional spelling of "neither" in your poll . . .
So what do I know?
But then I also would have preferred the more traditional spelling of "neither" in your poll . . .
So what do I know?
#5
05-20-2009 | 04:41 PM
Teamspeed Pro
Joined: Feb 2009
Posts: 2,595
From: ATL
#7
05-20-2009 | 05:07 PM
Thread Starter
| Teamspeed Pro
Joined: Apr 2008
Posts: 23,875
From: Orange County
#8
05-20-2009 | 07:10 PM
Teamspeed Pro
Joined: Apr 2008
Posts: 31,976
From: Minnesota
The sport surely won't be the same without Ferrari on the grid and I have a feeling that if they leave, a lot of other high profile teams will follow suit. This is indeed a dark day for F1...
Then again, the budget cap only seems to have an impact on development and testing; both of which is already highly restricted. Employee salaries (including the drivers) are not included in this budget cap, AFAIK. Travel, hospitality, and marketing costs aren't included under the budget cap either.
Then again, the budget cap only seems to have an impact on development and testing; both of which is already highly restricted. Employee salaries (including the drivers) are not included in this budget cap, AFAIK. Travel, hospitality, and marketing costs aren't included under the budget cap either.
