Sahara Force India team owner Vijay Mallya has hinted 2014 cost will be hard for smaller F1 teams
In a recent interview to Formula1.com, Sahara Force India F1 Team owner Vijay Mallya has hinted that the 2014 budget with new engine rules will make life harder for smaller teams in F1.
Asked by Formula 1.com Is there any concern about the financial situation in 2014?
Vijay Mallya responded: "Well, I fear that is for sure. On one hand the FIA and FOTA – when it existed in full strength – had resolved that we need to reduce the costs of Formula One. But rather than reducing costs, one or two teams have decided winning at any cost is more important than the sustainability of the sport, so there is no resource restriction that is implemented, quite contrary to the fact that costs are going up."
He further added "Whether it is the commercial rights holder, the FIA, or the teams themselves, I think it is very necessary that all the important stakeholders sit across the table and find a viable solution. If you only want three or four teams in Formula One running three cars each you should proceed in the way it is now. But I think Formula One also needs the smaller independent teams as well, so everybody must also look at the common interests – not only the individual interests."
It was also noted by Formula1.com that Toro Rosso’s Franz Tost estimates that the powertrain will cost double what it is now