Domenicali: F1’s cost cut crusade an example for football

Formula 1 CEO Stefano Domenicali believes football would do well to follow grand prix racing’s cost cut crusade in the wake of the Super League controversy.

Domenicali: F1’s cost cut crusade an example for football
Listen to this article

A move by leading European football clubs to form a Super League to help boost their incomes sent shockwaves through the sport last week, but a fan revolt prompted those involved to back away from the plans.

F1 is no stranger to breakaway threats itself. There was talk of a Grand Prix World Championship in the early 2000s, while the now defunct Formula One Teams’ Association (FOTA) announced in 2009 that it was pushing for its own series in 2010 amid frustration about the terms teams were being offered to race.

However, the idea for a FOTA series was dropped after the teams, FIA and F1’s commercial rights holders all came to a compromise over future governance and financial terms.

As well as teams receiving a greater share of the sport's profits in recent years, F1 has put a big emphasis on cost cutting too.

New rules have tried to limit team spending, while the introduction of a budget cap for 2021 has finally ensured there is a ceiling to expenditure.

Read Also:

Domenicali believes that F1’s focus on addressing costs is key to leaving grand prix racing removed from the dangers of a top team Super League style breakaway – and he thinks football bosses may need to tackle club finances in a similar way.

Speaking to Italian channel Sky TG24, Domenicali reckoned that F1’s mindset in reducing costs for teams has helped deliver a solid foundation for the long term.

Speaking about what happened with the Super League, Domenicali said: "In Formula 1, we have already had a situation twice in which there was the risk of a breakaway championship to try to bring home [to the teams] more results from the point of view of income.

"In F1 at the moment, we started with the opposite approach: of trying to control costs. It is no coincidence that this year is the first year of the budget cap, which gives a different dimension of financial sustainability to the teams.

“I think this is the first issue that the world of football, if I can say it, must tackle, and in a fairly rapid way.”

Beyond the costs issue, Domenicali also reckoned that F1’s technology plans, for a hybrid and biofuel future, ensured the sport of a sustainable future that would keep manufacturers and teams interested.

"We will be a hybrid F1, and we will have eco-sustainable fuel,” he explained. “There are already many activities like this that cut across society, and this gives F1 the opportunity to be a protagonist.”

shares
comments

Related video

Red Bull: Mercedes trying to pressure us with 'favourite' tag
Previous article

Red Bull: Mercedes trying to pressure us with 'favourite' tag

Next article

F1 set to sign off sprint races plan before Portuguese GP

F1 set to sign off sprint races plan before Portuguese GP
Load comments
The historic clues that offer hints of Hamilton’s next move Prime

The historic clues that offer hints of Hamilton’s next move

OPINION: Uncertainty over Lewis Hamilton's future has persisted since the race direction call that denied him an eighth world title in Abu Dhabi last month. But while walking away would be understandable, Hamilton has time and again responded well in the face of adversity and possesses all the tools needed to bounce back stronger than ever

Formula 1
Jan 26, 2022
What the FIA must do to restore F1's credibility Prime

What the FIA must do to restore F1's credibility

OPINION: The first stage of the 2022 Formula 1 pre-season is just over a month away, but the championship is still reeling from the controversial results of last year’s finale. The FIA acknowledges F1 has had its reputation dented as a result, so here’s how it could go about putting things right

Formula 1
Jan 25, 2022
The six subplots to watch in 2022 as a new F1 era begins Prime

The six subplots to watch in 2022 as a new F1 era begins

As Formula 1 prepares to begin a new era of technical regulations in 2022, We pick out six other key elements to follow this season

Formula 1
Jan 24, 2022
Why newly-retired Kimi Raikkonen won't miss F1 Prime

Why newly-retired Kimi Raikkonen won't miss F1

After 349 grand prix starts, 46 fastest laps, 21 wins and one world championship, Kimi Raikkonen has finally called time on his F1 career. In an exclusive interview with Motorsport.com on the eve of his final race, he explains his loathing of paddock politics and reflects on how motorsport has changed over the past two decades.

Formula 1
Jan 23, 2022
Unpacking the technical changes behind F1 2022's rules shake-up Prime

Unpacking the technical changes behind F1 2022's rules shake-up

Formula 1 cars will look very different this year as the long-awaited fresh rules finally arrive with the stated aim of improving its quality of racing. We break down what the return of 'ground effect' aerodynamics - and a flurry of other changes besides - means for the teams, and what fans can expect

Formula 1
Jan 21, 2022
Why F1's new era is still dogged by its old world problems Prime

Why F1's new era is still dogged by its old world problems

OPINION: The 2022 Formula 1 season is just weeks away from getting underway, but instead of focusing on what is to come, the attention still remains on what has been – not least the Abu Dhabi title decider controversy. That, plus other key talking points, must be resolved to allow the series to warmly welcome in its new era

Formula 1
Jan 20, 2022
The Schumacher trait that will give Haas hope in F1 2022 Prime

The Schumacher trait that will give Haas hope in F1 2022

Mick Schumacher’s knack of improving during his second season in a championship was a trademark of his junior formula career, so his progress during his rookie Formula 1 campaign with Haas was encouraging. His target now will be to turn that improvement into results as the team hopes to reap the rewards of sacrificing development in 2021

Formula 1
Jan 19, 2022
The “glorified taxi” driver central to F1’s continued safety push Prime

The “glorified taxi” driver central to F1’s continued safety push

As the driver of Formula 1’s medical car, Alan van der Merwe’s job is to wait – and hope his skills aren’t needed. James Newbold hears from F1’s lesser-known stalwart.

Formula 1
Jan 15, 2022