Mosley warns of more teams collapsing
Caterham and Marussia might not be the last teams to feel the pinch of the high costs of racing in Formula One, according to former FIA president Max Mosley.
F1's unequal revenue sharing
- Five of Formula One's 11 teams - Red Bull, Ferrari, McLaren, Mercedes and Williams - took 63% of the sport's underlying revenues in 2013.
- This means there was just 37% to share between six teams. Only one of those teams (Lotus) sits on the F1 Strategy Group, giving the group little democratic input in the body which frames regulations.
Caterham and Marussia entered administration in the space of five days of each other this month, with both set to miss the United States Grand Prix in Austin. Earlier this year a proposed budget cap set for 2015 was scrapped following opposition from F1's leading teams in the Strategy Group.
During his final year as FIA president in 2009 Mosley failed to implement a £40 million budget cap and he thinks the way revenues are shared in F1 needs to be addressed to save other teams.
"In the end, they [Caterham and Marussia] were bound to drop off, and they may not be the last," Mosley told BBC Radio 5 Live. "It's not a fair competition any more. The big problem is that the big teams have so much more money than teams like Caterham and Marussia. From a sporting point of view, the sport should split the money equally and then let the teams get as much sponsorship as they can.
"A team like Ferrari will always get more sponsorship than Marussia, but if they all get the same basic money then they all start on a level-playing field, particularly if you have a cost cap where you limit the amount of money each team is allowed to spend."
Caterham and Marussia have made little progress since joining the grid in 2010, with both operating on a third of the budget available to Red Bull, Ferrari and Mercedes - who all spend more than £200 million a year. The top teams believe the best way to control F1's spiralling costs is through technical and sporting regulations, something the likes of Sauber and Force India have both said cannot be considered an alternative to a cost cap.