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It was Mosley's determination to save the sport from itself that led to last summer's crisis. Frustrated by negotiations that went nowhere, Mosley tried to impose a budget cap of $64 million per team. The teams couldn't figure out which they liked less, the cap or Mosley...
Toward the end of last season, Mosley and the teams finally compromised on something called a Resource Restriction Agreement that takes effect this season. It isn't a cap, but it clamps down on runaway costs like wind tunnels and in-season testing. The big teams can still outspend their...
In terms of F1 economics, however - and this is especially true for the newest hosts - it doesn't matter if none of F1's race promoters comes close to covering costs. The shortfall is increasingly paid for by governments who view television coverage as a giant TV commercial for their...
Nürburgring (a new, shorter version has been used since the 1980s) is not on this year's F1 schedule. Yas Island in Abu Dhabi is. The gulf state has spent $1 billion on the new track and $39 billion on the outlandish infrastructure surrounding it, including hotels, golf...
It would help if it also retooled itself for an age of scarcity. No one wants to watch a race for the fastest Prius, but "people want to see some progress on fuel efficiency and carbon emissions," says McLaren's Whitmarsh, who also heads the recently formed Formula One Teams...