News Details
Formula 1 is facing a crisis warns Fernandes
Caterham team owner Tony Fernandes has warned that Formula 1 risks being plunged into a crisis in which just a small handful of teams might survive. The Malaysian businessman believes the financial woes which plague over half the grid could finally bite and see just five or so teams left on the grid if something isn't done about rising costs. Red Bull reportedly spends around £180 million ($295m, €215m) per season whilst the smaller teams such as Caterham and Marussia work off budgets less half the size, around £65 million ($110m, €80m). Costs are again expected to rise in 2014 with the new power units, but a cost cap will be introduced in 2015 - though the details...
Full Story »
Full Story »
12y ago from TheF1Times.com
0
You May Also Be Interested In...
Overview: Just three seats left
– With the news last weekend that Esteban Gutierrez will stay at...
12y ago from GPUpdate.net
Fernandes warns of bleak future
F1 risks being reduced to just "five teams" unless something is...
12y ago from PlanetF1.com
Kobayashi and Ericsson talking to Caterham for 2014
Kobayashi and Ericsson talking to Caterham for 2014 21 December, 2013...
12y ago from GrandPrix247.com
Kobayashi in the frame for Caterham seat
Kamui Kobayashi may be about to make a comeback in 2014 following news...
12y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
"The motivation isn't there anymore," says...
No description available...
12h ago from Motorsport.com
Marco Bezzecchi reveals how he dealt with ‘high...
Marco Bezzecchi admits he “didn’t want to think” about the...
13h ago from MotorsportWeek.c...
Moto2 points leader Manu Gonzalez knocking on...
No description available...
14h ago from Motorsport.com
Alex Rins: "There are still a few seats available...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
Graham Rahal rebounds from early hit-and-spin to take...
No description available...
11h ago from Motorsport.com
Kyle Kirkwood blames media for ‘disappointing’...
Kyle Kirkwood finished second in Sunday’s Detroit Grand Prix, but...
12h ago from MotorsportWeek.c...
Graham Rahal fumes over ‘completely unnecessary’...
On Sunday’s race in downtown Detroit, it seemed that Graham Rahal was...
16h ago from MotorsportWeek.c...
Scott McLaughlin says Will Power “gave me no...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Why Sebastien Ogier couldn’t take the fight to Elfyn...
No description available...
1d ago from Motorsport.com
Elfyn Evans brings it home at home
Toyota Gazoo Racing dominated their most important rally of the season,...
1d ago from MotorsportWeek.c...
WRC Japan: Elfyn Evans claims second win of 2026 to...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Former Arsenal employee sues club after what happened...
Arsenal are being sued by former kit manager Mark Bonnick for wrongful...
4h ago from CaughtOffside.com
Arsenal and Manchester United make contact for 80-goal...
Manchester United and Arsenal have both made formal enquiries for AC...
7h ago from CaughtOffside.com
Arsenal latest: Twenty-four arrests made at parade
No description available...
12h ago from SkySports.com
Arsenal want 18-G/A title winner as alternative as...
Arsenal are interested in signing the Barcelona attacker Dani Olmo during...
18h ago from CaughtOffside.com
Comments
Hottest News
Antonelli Addresses Ferrari Future After Taking...
Kimi Antonelli has responded to speculation over... Read More »
1h ago from Formula1News.co.uk
Are Stella and Piastri genuinly intent on leaving McLaren?
Amid rumours that Andrea Stella and Oscar Piastri... Read More »
2h ago from F1Technical.net
Kim Kardashian just went Instagram official with F1 legend...
Kim Kardashian has taken her relationship with F1... Read More »
3h ago from GPFans.com
