• Formula One Teams' Association news

Teams agree to new cost-cutting measures

ESPNF1 Staff
October 28, 2010 « Horner promises driver equality | »
Martin Whitmarsh and FOTA teams have agreed to extend the RRA © Sutton Images
Enlarge
Related Links

F1's cost-reducing programme, the Resource Restriction Agreement (RRA), has been extended through to 2017 after teams agreed to new terms.

The current agreement, that was set to expire in 2012, includes a clause limiting each team to spending just €40 million on external services. The cap was set to reduce to €20 million in 2011, but Auto Motor und Sport said the teams have agreed to set the limit next year at €30 million. Moreover, team staff numbers were set to be capped at 350 people, reducing to 280 a year later, but have now been set at 315.

"The good news is that the teams have agreed to extend the duration of the RRA," Formula One Teams' Association chairman Martin Whitmarsh confirmed. "In doing that, there's been some adjustment, so it's been agreed in principle and everyone has signed up to that. In some areas it's been tightened, in some areas it's been slackened."

The existing agreement also limits things like staff numbers at grands prix, the use of wind tunnels and CFD, and track testing.

"I think there was a danger that we wouldn't be able to extend it [the agreement]," continued Whitmarsh. "I think all the teams took a sensible approach to come together and to agree to extend it for a long period of time."

Ferrari, meanwhile, confirmed that the new agreement will be in place until 2017.

© ESPN Sports Media Ltd.
ESPN Staff Close

ABOUT COOKIES

To help make this website better, to improve and personalize your experience and for advertising purposes, are you happy to accept cookies and other technologies.

More Info Here Cookie Choices