Sport : F1

Sauber: F1 is too expensive

17th December 2012, 12:21am

Bet with SkyBet  Formula 1 2013 Season. Click here to bet.

Peter Sauber: Time to cut costs

Peter Sauber: Time to cut costs

Peter Sauber believes that contemporary Formula 1's biggest challenge in the future is to cut costs.

Sauber, who this year stood down as team principal of the outfit that carries his name, insists a budget cap is needed in order to tackle the problem.

"I think the biggest challenge today is the commercial part," Sauber said according to Autosport.

"That's not only for Sauber, that's also for some of the big teams.

"Formula 1 is too expensive today, that's the important fact."

The FIA, Bernie Ecclestone and the various constructors have been locked in discussion about cost-cutting measures throughout the past season and all parties consider coming up with a solution to the problem a priority, but Sauber believes progress is not being made quickly enough and has called on the bigger teams to step up their efforts.

"The progress has been slower than slow," he said.

"It's difficult and I hope that the big teams realise that they have to do something."

In 2009, then-FIA president Max Mosley proposed a £30 million cap, though this was soon raised to £40 million before being abandoned altogether.

"We very much support a budget cap," Sauber team principal Monisha Kaltenborn said earlier in the season.

"That is the right way we should be going and we should eventually reach the point where we have a budget cap."


Click here for completely free £10 bet with Sky Bet & £5 free every week


Bet with SkyBet  Formula 1 2013 Season. Click here to bet.

F1 Videos

    No pressure for Max

    No pressure for Max

    19-August-2014

    Max Verstappen will replace Jean-Eric Vergne at Toro Rosso from 2015, but the youngster says he feels no pressure following in the footsteps of previous drivers Daniel Ricciardo and Sebastian Vettel.

    Verstappen to make F1 history

    Verstappen to make F1 history

    19-August-2014

    Max Verstappen will become the youngest driver in F1 history, after it was announced the Dutch youngster who turns 17 next year, is set to replace Jean-Eric Vergne at Toro Rosso in 2015.

    Never Giving Up - Susie Wolff

    Never Giving Up - Susie Wolff

    19-August-2014

    Williams' Test Driver Susie Wolff, reflects on her F1 journey to date, culminating in her practice sessions at Silverstone and then Hockenheim.

    Face Time with Dan and Seb

    Face Time with Dan and Seb

    19-August-2014

    Red Bull's Daniel Ricciardo and Sebastian Vettel play a word association game ahead of the Belgium Grand Prix.

    Sky Bet

      • Retrieving latest Sky Bet odds

    Facebook Favourites