This morning in Monaco there was plenty of activity around the ongoing discussions about the 2010 F1 rules and plenty of chat about what was going to happen next.
It seems to be becoming widely believed that Toyota will use this situation to make its exit from Formula 1. They were thinking about it towards the end of 2008, but there seems to be general belief among the other teams that they will go at the end of this year. BMW, which is having its worst season by far in F1, is also said to be reviewing it’s participation.
FIA president Max Mosley was making himself very available to the media and his message was that Ferrari will be staying in F1 “100% sure.” But the sport needs to fill the empty grid slots and that is the area a lot of work is going into.
It was being said that the teams and the FIA had kissed and made up and that it was all going to be sorted out by the May 29th deadline for entries, but team bosses I spoke to on the grid in Monaco sounded a not of caution. “Are you all loved up again?” I asked one, and he replied, “No, but we’re falling in love again.”
The teams say that they would like to start from the point of maintaining the 2009 regulations and go from there in terms of finding a communal way of regulating the costs down to a level around the £40 million Max Mosley wants the budget cap set at, perhaps by 2011. But by then the world will be out of recession, in all probability, and new opportunities will be out there to generate income for the teams.
Mosley, who is still determined to maintain the idea of a budget cap, said, “I can imagine we can take it through one year if possible [with the] higher figure and then go to the full cap in 2011, but that’s something under discussion. This is a possibility.”
“Ultimately, it’s going to have to be that sort of region,” he said. “Just imagine in today’s world, you go out to get sponsorship and you are just an ordinary team, so to raise 45 million Euros is a massive undertaking.
“Everybody can talk figures, well it ought to be this figure or that figure, but if a team cannot raise the money, then there is nothing they can do.”
Money is hard enough to find for the existing teams, look at the amount of sponsorship on the Brawn and they have won five races!!
It seems very hard to imagine new teams being able to raise the kind of money necessary to get into F1. But Mosley insists on new teams coming in, so discussions are centring around ways of helping new teams, with cheap engine and gearbox deals and a possible chassis lease package to allow them to run competitively at low cost to start with. It seems that the existing teams are saying that they would require the new teams to run rookie drivers on that basis.
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