Entry fee could be scrapped

In yet another idea of how to cut costs in Formula One, FIA president Max Mosley has suggested the $48million entry fee to the F1 championship could be scrapped. Introduced in the late nineties to ensure teams were serious about entering F1, the...

In yet another idea of how to cut costs in Formula One, FIA president Max Mosley has suggested the $48million entry fee to the F1 championship could be scrapped. Introduced in the late nineties to ensure teams were serious about entering F1, the high entry fee could easily deter any new teams from joining the series in these days of financial strain.

"The $48 million was to stop new teams coming along and saying 'I want an entry' and then going round looking for a sponsor," said Mosley. "If somebody serious came along now, everybody could agree to reduce the sum of money or eliminate it completely."

Getting rid of the entry fee could be a change that many welcome, although not everyone has been too pleased with other rules that have been introduced. McLaren and Williams released a statement saying they intend to take the FIA to arbitration in regard to new rules that they claim will be a threat to safety.

The FIA's ruling on engines having to last for six races by 2006 was greeted with disapproval from manufacturers, notably Renault, who declared it would leave F1 if the rule stayed. Mosley has recently shrugged off the manufacturers' involvement in F1, saying they are always welcome but come and go as they please, so it's the private teams that are more important. However, he is willing to compromise on the engine rule if the manufacturers agree to supply the smaller teams as well.

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Series Formula 1
Teams McLaren , Williams