There could be a new formula championship next year as 8 teams threaten to leave the current F1 championship the reduction in costs row. Although F1 teams agree in principle that there needs to be a reduction in costs, many believe that the suggested amounts are too extreme and conflict with what Formula One racing is all about.
Many teams now employ hundreds of staff for the development of their racing cars the forced reductions could mean redundancies for them. Car manufacturer’s team owners, tend to use the development of their racing cars to help with their productions cars, like Ferrari and so could lose any technical developments that keep them ahead as a car maker.
The bottom line is, 8 teams do not agree even after weeks of talking and have now sent a very strong message to the FIA, either increase our budgets or we move on and create their own championship with cheaper tickets and more transparency. With teams like Ferrari and Mclaren moving on, you can’t help feeling that the fans will also.
The fans are yet to see if these are just threats or real goals, as a new championship could take considerable time to put together, especially as many if not all race tracks have agreed races for 2010, these clearly may not be able to stage a second event, or may lose considerable takings from fans not sure which championship to follow.
The timing will hit UK hardest as it as day before the last ever Silverstone Grand Prix practise of which plans to be a stunner with Jenson Button ready to do it for the Brits
