Spending not the right formula for Mosley

Motor racing chief Max Mosley has once again called on Formula One’s super-rich teams to curb their spending.

Mosley, president of motor sport’s governing body the FIA, is concerned at the £1.5bn (€2.2bn) costs incurred in just one season and is planning to tighten restrictions on design and manufacturing he introduced in 2003 to further reduce teams’ scope for investment.

“The FIA can’t stop F1 people spending money – we know that – but we can reduce their need to spend,” Mosley told F1 Racing magazine.

“The new engine regulations do just that,” he added. “Indeed, they make it possible for independent commercial suppliers such as Cosworth and or Mechachrome to remain fully competitive while spending a mere fraction of the manufacturers’ budget.”

While he claims to have seen a slight reduction in outlay, Mosley believes much is still left to do.

“In the end, we at the FIA are trying to save the teams, but particularly the manufacturers, from themselves.”

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