Formula 1
Formula 1
R
Australian GP
12 Mar
-
15 Mar
Next event in
42 days
19 Mar
-
22 Mar
Next event in
49 days
02 Apr
-
05 Apr
Next event in
63 days
16 Apr
-
19 Apr
Next event in
77 days
30 Apr
-
03 May
Next event in
91 days
07 May
-
10 May
Next event in
98 days
21 May
-
24 May
Next event in
112 days
R
Azerbaijan GP
04 Jun
-
07 Jun
Next event in
126 days
11 Jun
-
14 Jun
Next event in
133 days
25 Jun
-
28 Jun
Next event in
147 days
02 Jul
-
05 Jul
Next event in
154 days
16 Jul
-
19 Jul
Next event in
168 days
R
Hungarian GP
30 Jul
-
02 Aug
Next event in
182 days
27 Aug
-
30 Aug
Next event in
210 days
03 Sep
-
06 Sep
Next event in
217 days
R
Singapore GP
17 Sep
-
20 Sep
Next event in
231 days
24 Sep
-
27 Sep
Next event in
238 days
08 Oct
-
11 Oct
Next event in
252 days
R
United States GP
22 Oct
-
25 Oct
Next event in
266 days
29 Oct
-
01 Nov
Next event in
273 days
R
Brazilian GP
12 Nov
-
15 Nov
Next event in
287 days
R
Abu Dhabi GP
26 Nov
-
29 Nov
Next event in
301 days

F1 could introduce standard parts, Carey says

shares
comments
F1 could introduce standard parts, Carey says
By:
Aug 11, 2017, 10:08 AM

Formula 1 could introduce standard parts to address the huge spending disparity across the grid, F1 CEO Chase Carey has confirmed.

The budgets of F1 teams vary wildly, with Ferrari spending an estimated £330million last year as the likes of Force India and Sauber spent £90m and £95m respectively.

McLaren executive director Zak Brown has backed a budget cap in the past, and also claimed “there are some that think we should standardise some parts”.

Carey has now confirmed that standard parts is an option F1 has considered to cut costs, as he reiterated Liberty’s sporting chief Ross Brawn’s claim that technology should not be “dumbed down”.

“There are many paths to get there, whether it’s cost caps, or other ways to address key components of the car,” said Carey.

“We’re not looking to standardise the car – we think it is very important to continue to have a sport that is competition married to state of the art technologies.

“We’re not looking to dumb the cars down, but I think we can standardise components of it.

“We are certainly looking for ways to address what some of the teams in particular spend that would improve the overall economics of the business and enable everybody in it to benefit, as well as improving the competition.”

It is not known what F1 would seek to standardise, although Brown's suggestion earlier in the year was parts that “don't improve the show and the fans don't recognise the difference”, like suspension components.

Carey has also revealed “preliminary meetings” have been held with teams regarding cost cutting, although the objective was not to make everybody’s budget the same.

“One of the challenges we have today is there are a handful of teams that clearly spend at a level that’s much different from the others, and you can see the results on the track,” said Carey.

“So if we can bring the costs into an area where they are more comparable – not equal – to each other, it can enhance competition and would make the economics of the business much better.

“We’ve begun that process with the teams, so we’ve had some preliminary meetings.

“There are some big components to it, like addressing the engine, which is probably the most complicated part of the car as a whole.

"It is certainly our goal to address those costs, and we think the sport will on many levels benefit from that.”

Next article
Renault open to keeping Palmer if he "turns around" season

Previous article

Renault open to keeping Palmer if he "turns around" season

Next article

Tost: Sainz exit rumours just F1 paddock 'boredom'

Tost: Sainz exit rumours just F1 paddock 'boredom'
Load comments

About this article

Series Formula 1
Author Adam Cooper