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F1 plan to level the jersey financial playing fiel

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Lucyweiweiwei Lucyweiweiwei Posted: Sep 28th 2017
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As Lewis Hamilton and Sebastian Vettel prepare to rejoin their battle for the Formula One world championship in Malaysia, their real competition Authentic Brandon Doughty Womens Jersey at the front Red Wings Jersey has Red Wings Authentic Jersey been Dolphins Jersey the Dolphins Authentic Jersey most welcome feature of a revamped formula. Yet it remains a two-horse race, when what would be glorious to see is a truly competitive, multiple-team fight. It need not be a pipe dream.How encouraging this week to observe some consensus and optimism about the need to address the spending arms race that has spiralled out of control and resulted in a two-tier grid. Talk of a level playing field has been bandied about before in F1, but there are now genuine signs that in the background the heavy roller is being deployed.
Periods of dominance are nothing new in the sport, indeed they have defined entire eras of racing, but the gap between Mercedes, Ferrari and Red Bull and the midfield has become a chasm. Efforts at cost cutting have effectively come to nought and the numbers reflect it.Figures from a 2016 Autosport study of budgets are breathtaking. Ferrariâs was put at £330m; Mercedes at £265m and Red Bull at £215m. Force India came fourth in the constructorsâ championship on just £90m.Williams, who know all too well about dominating, with nine constructors titles in the 80s and 90s, were estimated to be on a budget of £105m. The team announced this week that they had made a pre-tax profit of £10.1m over the first six months of this year. A substantial part of http://www.miamidolphinsauthorizedstore.com/byron-maxwell-jersey-elite which is believed to be based on the payment the team received from Mercedes to allow Valtteri Bottas to join them but Williams would not confirm it. Regardless of which it is not a sum that is going to give the frontrunners sleepless nights.
The numbers are, after all, what matters. Talent and hard work alone are not enough to bridge the differential. Once the basic cost of a car has been met, those extra hundreds of millions are used to refine every aspect of it. Every part receives increased research and development and those with more money are able to pursue potential avenues of advantage beyond the means of the smaller outfits.The Williams group chief executive, Mike OâDriscoll, who calls financing F1 for an independent a âhighwire actâ put it succinctly. âThe cost pressures are largely driven by the corporately owned teams spending substantially more,â he said on Wednesday. âThat leads to an unbalanced playing field when it comes to resources and capability.â
Interestingly, his Curtis Joseph Youth Jersey view was also echoed this week by the McLaren executive director, Zak Brown, who is in charge of a team that boasted a budget of £185m in 2016. âI think those that can afford to raise the budget levels they are at will do everything they can to maintain that,â he said. âThat gives them a competitive advantage, but it is a bit like having two extra players on the field in a football match.âMcLaren are, in every sense except recent results, one of the big teams, so that Brown and OâDriscoll share such similar views is instructive of the way the wind is blowing. OâDriscoll is emphatic on the action that needs to be taken: âI donât believe we can bridge that gap without action at an industry level,â he said. âWe need fairer revenue distribution amongst the teams and we need cost controls. There is no doubt that if we have that we will see more exciting and closer racing throughout the grid.â
Brown concurred. âSpeaking for McLaren, weâre a fan of budget caps,â he added. âMost other sports have it and it will equal the playing field.âAny agreement http://www.officialredwingsauthentic.com/authentic-65-danny-dekeyser-jersey.html on revenue distribution will have to wait until the new concorde agreement, which is set to be renegotiated for 2021 and while their stance might be expected from teams in the midfield, crucially both appear ready to go even further to try and make that deal a genuinely new start for F1.McLaren are understood to receive an annual constructors championship payment of £35m (as do Mercedes, Red Bull and Ferrari) and Williams a heritage bonus of £10m. Voluntarily losing these has always appeared to be a sticking point in an equitable redistribution of revenue but perhaps not any more.
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1len 1len Posted: Jan 23rd 2018
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1len 1len Posted: Jan 28th 2018
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