New teams still some way from joining Formula One.

New teams still some way from joining Formula One.

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FourWheelDrift

Original Poster:

88,557 posts

285 months

Thursday 13th May 2004
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Autosport said:

Hopes that reigning FIA Formula 3000 International champion team Arden International will be able to graduate to F1 as soon as next year are fading, because current Grand Prix team bosses are reluctant to agree to rules changes, according to this week's Autosport magazine.

F1's current teams must all agree to remove the $48 million deposit now required from any new entrant and free up the availability of customer cars and engines if Arden and teams with similar ambitions are to feel able to push ahead with plans to move up to F1.

Despite agreeing to the concept in principle at the recent Monaco Summit, several F1 team bosses have now expressed doubts and the smaller teams will also refuse to agree to free up entry requirements unless prize money is paid to all.

“Jordan, Minardi and Sauber will not vote for this unless all teams receive prize money,” said Minardi boss Paul Stoddart.


What's Paul Stoddart on about, "Prize money".....for what, not finishing, finishing last, finishing 3 laps down. Get real.

I agree that the $48million deposit fee has to be dropped though.

eric mc

122,058 posts

266 months

Thursday 13th May 2004
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You get paid in F1 just for "being there". In a way, this removes an element of ambition from the smaller teams - they get adequate money for just showing up. Why dilute the "pot" by allowing more in.

This is all typical - no changes will be made under the current arrangements. It is impossible for teams to make decision which they percieve will be detrimenttal to their own well being.

It wasn't always like this. At the end of the 1967 season, Lotus agreed to allow Ford to supply Cosworth DFV engines to other teams, even though Lotus had an exclusive use agreement in place, Colin Chapman and Ford did it for the good of the sport.

No chance of that happening in the current set up.

anonymous-user

55 months

Monday 17th May 2004
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i read in the paper the bottom three in the premiership got the following "prize money"....

18th Leicester - £1.5m
19th Leeds - £1.1m
20th Wolves - £.06m

might not seem much to a footbal club but it must help! In contrast Aresenal (Ferrari?!?!) got £11.5m.
i agree with stoddart, they should get something but calling it "prize money" is a bit daft.....

FourWheelDrift

Original Poster:

88,557 posts

285 months

Monday 17th May 2004
quotequote all
pablo said:
calling it "prize money" is a bit daft.....


Exactly my thoughts, it sounds like "well we turned up, don't we get something for it?" hardly a motivator to go quicker.