Another great article by Jonathan Noble at Autosport highlights the FIAâ€™s concern of F1 collapse in the wake of rising costs. A red herring? Or would F1 be forced to a spec series like NASCAR to control costs? Is it in the best interest?
“There has been a tendency for well-funded teams to resist cost-cutting, because the higher the costs, the smaller the number of teams which are their potential competitors,” said the statement.
“But rules which allow too steep a slope on the curve of performance versus expenditure must eventually result in the richest team dominating and the remainder unable to compete. This has happened in the distant past.
“If it were allowed to happen today, Formula One would quickly lose its international television audience. Collapse would soon follow. Even the best funded teams should support drastic cost-cutting in order to preserve Formula One in the medium and longer term.”