Connect with us

2014 F1

Future still clouded for three small F1 teams



A week after the boycott threats of Austin, struggling teams Lotus, Force India and Sauber travelled to Brazil apparently close to a ‘fighting fund’ bailout that would secure their future.

Vijay Mallya, for one, was denying he ever threatened to sit out races.

“Why would we (boycott)?” the Force India supremo told reporters. “I may as well have stayed in England and saved all the expense.”

But a meeting at Interlagos late on Saturday broke with no solution in place.

“He (Bernie Ecclestone) just said ‘I’ll talk to Donald next week and get back to you’,” a frustrated Mallya reported.

He is referring to Donald Mackenzie, the chairman of F1’s majority owner CVC, who had been in direct talks in the past few days with Lotus’ Gerard Lopez.

But Ecclestone, the F1 chief executive, told BBC television on Saturday that CVC is only “the shareholder”, and any decisions would have to be made by “Formula One Management”.

So with Caterham and Marussia out of business, the next endangered teams are restless.

Writing in the Financial Mail on Sunday, F1 business journalist Christian Sylt said Force India’s ability to continue “as a going concern” is now in doubt amid millions in losses.

But Ecclestone told reporters on Saturday that he has little sympathy for teams like Marussia and Caterham who sunk themselves under unsustainable debt.

“People say F1 is in crisis,” he said. “Absolute nonsense. We’ve had a couple of teams in crisis.

“People come and go. They (the teams) need to know how much is coming in and how much is going out.”

So Saturday’s meeting ended with no promises of a handout, and Ecclestone advising teams to spend less rather than “hope somebody is going to subsidise you”.

It seems plenty, however, was discussed during the meeting, including perhaps the idea of using the collapsed Marussia’s $40 million in unclaimed prize money for finishing ninth in the championship and redistributing it.

Even Niki Lauda, the team chairman at dominant and powerful Mercedes, has a proposal.

“In difficult economic times like these, where sponsors are hard to find, we need to help the small teams — this is also in our interest because they also need to spend money on tyres and engines,” he told German television RTL.

Ecclestone has said contracts forbid him from simply giving more to the small teams, but Lauda proposed: “We should lend them a certain amount until they are in a position to give it back.”

But Ecclestone declined to guarantee that the three nervous privateers – Lotus, Force India and Sauber – will all still be on the grid in 2015.

“I wouldn’t say that. I hope they are,” he said. (GMM)


Latest Results

Latest F1 News

2018 F19 hours ago

F1 should be a dictatorship – Berger

9SharesFormula one needs to return to its days as a dictatorship. That is the view of Gerhard Berger, the F1...

2018 F19 hours ago

We have great confidence in Honda – Red Bull

1ShareChristian Horner remains confident Honda is the right move for Red Bull. The Red Bull boss said that at Silverstone...

2018 F19 hours ago

F1 steward Mika Salo admits Ferrari penalties controversy

7SharesF1 steward Mika Salo has acknowledged the controversy over penalties given to Ferrari drivers in recent races. After Sebastian got...

2018 F19 hours ago

McLaren, Williams, admit need for change

1ShareAn anonymous engineer says struggling once-great F1 teams Williams and McLaren need to make sweeping changes. Both British teams have...

2018 F11 day ago

Hamilton is stronger than Vettel – Briatore

241SharesFlavio Briatore thinks Mercedes is still the favourite for the 2018 world championship. Ferrari’s Sebastian Vettel has taken an 8...

2018 F11 day ago

Sirotkin reveals his biggest problem with Williams’ 2018 car

2SharesSergey Sirotkin has given more details about his biggest problem with Williams’ 2018 car. While the car is obviously uncompetitive,...

2018 F11 day ago

F1 eyes 20-year deal for Miami Grand Prix

1ShareYet another meeting could finally mean the green light for a grand prix in Miami. We have reported that Liberty...

2018 F12 days ago

Raikkonen could return to Sauber F1 for 2019

375SharesThe signs are growing ever stronger that Ferrari will have a new driver in 2019. Kimi Raikkonen admits that it...

2018 F12 days ago

Red Bull encourages Honda power to prepare for 2019 F1

1ShareRed Bull is encouraging Toro Rosso and Honda to help the senior energy drink-owned team prepare for 2019. Honda already...

2018 F13 days ago

Hamilton and Vettel Battling For The F1 Title

257SharesThe British Grand Prix at Silverstone is one that Lewis Hamilton and Mercedes have dominated for years and that trend...

Most Popular is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media