Force India team principal Vijay Mallya says an agreed RRA (Resource Restriction Agreement) is fundamental for Formula 1’s future financial safety.
Formula 1 team talking sustained over the weekend to agree on cost-cutting measures with the FIA, with the sport presently going through a period of discussion aimed at keeping finances in check.
“I think that the RRA is something that everybody agrees to, in principal,” Mallya said in an interview on the official F1 website.
“The concept of the RRA is a must-have if F1 is to survive in the long term.
“Even when FOTA was together – and active – all the teams agreed with the concept of resource restriction,” added the Indian billionaire. “In fact I would go one step further and say that the RRA was one of the reasons why FOTA was created.
“And then one by one, teams went in their own directions so we never had the chance to agree.”
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