Tuesday, October 30, 2012

Ecclestone makes new budget cap push

Formula 1 supremo Bernie Ecclestone is making a fresh push to introduce a budget cap in the sport as a means of ensuring costs are kept under control. As discussions continue to try and frame a deal for the FIA to police the current Resource Restriction Agreement, high level sources have revealed that Ecclestone has told teams he is serious about a move to impose a complete cost control in time for the 2014 season. During Monday's meeting in Paris between team principals, the FIA and Ecclestone, and in a subsequent meeting in the Indian Grand Prix paddock, Ecclestone put forward his plans for the budget cap

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