FIA to cap F1 team budgets for 2009
But we're not so sure about the way the FIA is going about its cost cutting. Max Mosley, FIA president, has said that as of 2009, budgets will be capped. The cap isn't set, nor are the details of what is and isn't included as part of the capped amount. For instance, the team principal, driver, and marketing department, as well as the engine, might not be included in the spending limit. If the teams accept a limit, then they'll get other rewards like additional use of their wind tunnels or more computer time for CFD work.
This, along with the 5-year engine freeze (which we still don't understand), is meant to allow teams to operate with a mooted budget amount of $150 million per year. Compared to the nearly $500 million dollars that a team like Ferrari spends, or Toyota's rumored $700 million budget, it will be fascinating to see what teams come up with. It will also be neat to start hearing about the sudden astronomical rise in marketing budgets, and to get a whiff of all those cooked books, because we simply don't believe teams will spare a bit of extra coin when championship silverware is on offer. The FIA meets with teams again at the end of this month to discuss the matter further.
[Source: Motor Authority]
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