Mercedes develops budget cap proposal
May 29, 2009 | 12:18 AM
#1
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| FIGJAM
Joined: Jan 2008
Posts: 9,463
Mercedes develops budget cap proposal
Formula One news: Mercedes develops budget cap proposal - GPUpdate.net Formula One
Mercedes' Norbert Haug has developed a possible solution to the ongoing budget cap row as Friday's entry deadline for the 2010 championship looms ever closer. The German manufacturer has put its suggestions forward to the FIA which, in-turn, is contacting all teams for consideration of the 'Mercedes Initiative'.
With Toyota, Red Bull, Renault and Ferrari having threatened to walk away from the sport and with no official agreement announced between the Formula One Teams' Association (FOTA) and F1 governing body the FIA, the Mercedes-Benz Motorsport vice president put his last-minute idea forward to FIA president Max Mosley.
The 'Mercedes Initiative', contrived by Haug, would involve the following:
- a £100m budget cap for 2010
- in exchange for this, teams must offer assistance to new entrants, such as providing cheaper components and sharing technical advice
- teams must commit to the sport until the end of the 2012 season
- from the start of 2011, the £40m budget cap will be in place
With time running out for teams to make a decision with regards to entering next year's World Championship, the scheme - if put forward at the last moment - would see the current £40m spending limit put back by a year with a significantly higher amount of £100m being allowed for next season. The plan, first mentioned in Monaco's meetings last weekend, has been described to The Times by a source close to Mercedes as 'clarity and certainty'.
Mercedes' Norbert Haug has developed a possible solution to the ongoing budget cap row as Friday's entry deadline for the 2010 championship looms ever closer. The German manufacturer has put its suggestions forward to the FIA which, in-turn, is contacting all teams for consideration of the 'Mercedes Initiative'.
With Toyota, Red Bull, Renault and Ferrari having threatened to walk away from the sport and with no official agreement announced between the Formula One Teams' Association (FOTA) and F1 governing body the FIA, the Mercedes-Benz Motorsport vice president put his last-minute idea forward to FIA president Max Mosley.
The 'Mercedes Initiative', contrived by Haug, would involve the following:
- a £100m budget cap for 2010
- in exchange for this, teams must offer assistance to new entrants, such as providing cheaper components and sharing technical advice
- teams must commit to the sport until the end of the 2012 season
- from the start of 2011, the £40m budget cap will be in place
With time running out for teams to make a decision with regards to entering next year's World Championship, the scheme - if put forward at the last moment - would see the current £40m spending limit put back by a year with a significantly higher amount of £100m being allowed for next season. The plan, first mentioned in Monaco's meetings last weekend, has been described to The Times by a source close to Mercedes as 'clarity and certainty'.
May 29, 2009 | 10:54 AM
#4
TS Detailing Partner l Atlanta
Joined: Sep 2007
Posts: 1,219
From: ATL
Look at MB comming through with the diplomacy. I like the fact that they are still trying to get new teams into the sport and having the powerhouse's offering assistance to get them going.
Does anybody really think that if the deadline comes and goes, the FIA won't extend it or make amends to have the top level teams still?
Does anybody really think that if the deadline comes and goes, the FIA won't extend it or make amends to have the top level teams still?
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