JUNE 15, 2012
FIA drives F1 cost control
At a meeting of the FIA World Motor Sport Council in Paris today, the governing body reiterated its cost control intentions in Formula One.The governing body says that it is ongoing discussions with teams on matters that need to be voted through before the end of the month, which is the last date that changes can impact on the 2013 regulations by a majority vote - after that date it would require unanimous support from the teams.
"At their request, the FIA is having active discussions with teams regarding cost control," said the governing body, "and any amendments to the technical regulations resulting from a further limit on expenditure on the chassis will be submitted to the WMSC via a fax vote before June 30. The intention is to help all teams participate in the championship in a fair and equal manner."
One of the main issues is the incorporation of a resource restriction agreement into the actual regulations, to be policed by the FIA, which is understood to be opposed by Red Bull Racing, and by association, Toro Rosso.
The FIA also claims that constructive Concorde Agreement (the document by which F1 is governed) negotiations are ongoing with the commercial rights holders with the intention of finalising an agreement in the coming weeks. The entry date deadline for the 2013 World Championship, originally July 15, has been deferred until September 30, however.