Hey guys, check this out..
Quote from f1.com
"Formula One racing’s governing body, the FIA, has revised its budget cap plans for 2010. Teams signing up for the optional cap must limit their spending to £40 million per year (£10 million higher than originally proposed) in exchange for greater technical freedom. This will not include driver salaries or, for 2010 only, engine costs.
Thirteen teams will be accepted for next year’s championship and all must apply by May 29, 2009, stating whether they wish to compete under the budget cap or not. New constructors will be eligible for a participation fee and assistance with travel expenses from commercial rights holder Formula One Management.
A new Costs Commission will monitor and enforce the budget-cap regulations. Those teams accepting the cap will be able to run constantly adjustable wings, engines with no rev limit, and more powerful KERS systems. They will also be allowed unlimited out-of-season track testing with no restrictions on the scale and speed of wind tunnel testing.
Other changes for 2010 confirmed for all teams include the expected ban on refueling and the use of tyre warmers, and an increase in the minimum car weight from 605 to 620kg.
The full statement from the FIA:
2010 FIA Formula One World Championship
Applications to compete in the 2010 FIA Formula One World Championship are to be submitted to the FIA during the period 22-29 May 2009. Teams must state in their application whether they wish to compete under cost-cap regulations.
The maximum number of cars permitted to enter the Championship has been increased to 26, two being entered by each competitor.
The FIA will publish the list of cars and drivers accepted on 12 June 2009, having first notified unsuccessful applicants.
Cost Cap Regulations
From 2010, all teams will have the option to compete with cars built and operated within a stringent cost cap.
The cost cap for 2010 will be £40m per annum*. This figure will cover all team expenditure except:
Marketing and hospitality;
Remuneration for test or race drivers, including any young driver programmes;
Fines or penalties imposed by the FIA;
Engine costs (for 2010 only);
Any expenditure which the team can demonstrate has no influence on its performance in the Championship;
Dividends (including any tax thereon) paid from profits relating to participation in the Championship.
* For the purposes of these Regulations, the financial year is 1 January to 31 December.
A new Costs Commission is being set up to monitor and enforce these cost-cap financial regulations. The Costs Commission will consist of a Chairman and two other Commissioners, appointed by the WMSC for terms of three years.
One Commissioner should be a finance expert and the other should have high level experience in motor sport. The Chairman should have appropriate experience and standing in motor sport or sports governance. All members of the Costs Commission shall be independent of all teams.
In addition to the payments which it already makes to the top ten teams in the Championship, Formula One Management, the commercial rights holder, has agreed to offer participation fees and expenses to the new teams. This includes an annual payment of US$10 million to each team plus free transportation of two chassis and freight up to 10,000 kg in weight (not including the two chassis) as well as 20 air tickets (economy class) for each round trip for events held outside Europe.
To be eligible for this, each new team must qualify as a “Constructor” and demonstrate that it has the necessary facilities, financial resources and technical competence to compete effectively in Formula One.
To enable these cars to compete with those from teams which are not subject to cost constraints, the cost-capped cars will be allowed greater technical freedom.
The principal technical freedoms allowed are:
1. Movable wings, front and rear.
2. An engine which is not subject to a rev limit.
The teams will also be allowed unlimited out-of-season track testing with no restrictions on the scale and speed of wind tunnel testing.
Changes applicable to all teams
It was confirmed that from 2010, refuelling during a race will be forbidden in order to save the costs of transporting refuelling equipment and increase the incentive for engine builders to improve fuel economy (to save weight).
It was also confirmed that tyre blankets will be banned and that the ban on other tyre-heating devices will be maintained.
Full details plus information on further amendments to the 2010 Sporting and Technical Regulations will be available shortly on www.fia.com.
By exception, if supported by the Safety Commission, the FIA WMSC may approve the issue of the Formula One Super Licence to persons judged by the Council to have met the intent of the qualification process."
Well my opinion is:
40m budget is prob good for the long run. Helps the smaller teams and esp Williams who struggled these few years due to funding.
But! For the big spending teams like McLaren, Ferrari and Toyota, its a tough ask for them to downsize in just 1 year.
Ferrari is very unhappy. No doubt, one would think that since FIA 'help' them save money, they should be happy but to Ferrari, all they know is racing and most of their $$$ earned went back to racing and I think they will prob be at a lost as to where to spend or what to do with the savings.
The no refuelling rule is quite iffy. Just like the no tyre change rule a few years back. I'm begining to think that FIA is getting too cranky. 1st, they changed rules to stop Ferrari dominance and now, more rule changes to save $$$.
Last edited by afbug; 3rd May 2009 at 01:14 AM.
wow....that's gratitude for you! and to think that he probably saved the team by stepping down. yeah go on...kick a man in his teeth when he is down.
DENNIS SNUBBED BY LEWIS AT SPORTS AWARDS
to Hamilton on this. Its poor showing for the fact that Ron help mentor him all these years and ultimately to his drive in McLaren. to the McLaren F1 team too. The least they could do was to turn up. To me, he's like fatherly figure of McLaren. And you don't snub someone who has mentored you all the way..
FIA abit nuts already.. No Refueling rule means the cars all got to carry race fuel from qualifying.. Lap times sure drop like s*** and i'm sure there will be lots of fallout not just from that rule.. to FIA.
Budget cap is good.. More teams join F1 and the sport is not so exclusive. But the rules have to make sense logically and in an engineering sense.
dunno man. if all this rules keep coming in, it may end up to be a bloody boring 30 lap race. we might as well go watch the le mans or some rally.
The row between FIA president Max Mosley and Ferrari over the recently introduced budget cap has intensified with Mosley suggesting that Formula One can survive without the Italian team.
maybe ferrari should pull out of f1 since it's probably going to get really boring anyway. mosley is nuts.....nazi sex act and all.
hahaha.. FORZA FERRARI!!??
I seriously hope they don't turn F1 into a farce.. Remember the US grand prix in 2005?
let us all bring the discussion to spain