Max Mosley, the former boss FIA has offered a grim prognostication of where Formula 1 is going if it does not make significant alterations fast. The former president told that at least half of the grid was confronting financial ruin and the sport was headed for a collapse. He told that the inclusion of a spending cap was very critical.
While speaking to a leading UK based newspaper, he told that half of the teams just could not compete just because they do not have enough money. This is not just right for him. You would not let one team to run a bigger engine than another and yet if one team has 5 times as much money, the effect is just the same. This is not fair from the sporting point of view.
He added that the only way to deal with this is to get everyone to agree. It is possible to sit with all the teams and say that collectively they have got a massive problem because some of you have enough money, but most of you do not and if they go on like this Formula One is going to collapse. Therefore, he is inviting you all to agree to a change. Unfortunately, one could not do it without unanimity.
This weekend, the Formula 1 circuit heads to Shanghai for this years Chinese Grand Prix, with Ferrari and Mercedes the only serious contenders.