Word: mosley
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Dates: during 2000-2009
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...committee: winning races has long relied on engineering innovations that give a race car that extra microsecond advantage, while the teams left in the dust cry foul and demand that the sport's governing body, the Federation Internationale de l'Automobile (FIA), rule those innovations out. FIA supremo Max Mosley had hoped to tamp down what he calls the sport's "financial arms race" by imposing a $66 million annual spending cap on teams, but instead he appears to have provoked a walkout that could see some of the sport's major names, such as Ferrari and McLaren, create...
...proposed by Mosley would be voluntary, but far more extensive technical restrictions would be placed on teams that decline to sign up, making it harder for them to stay competitive. Some of the top teams currently spend three or four times Mosley's proposed limit on R&D in search of that evolutionary advantage. (See pictures of the history of Formula...
...none of it. On June 18, the F1 Teams Association (FOTA) announced that eight of its biggest teams, including Ferrari, McLaren, Renault, Toyota, BMW Sauber and current competition leader Brawn GP, plan to set up a rival championship for the 2010 season. They say the rule changes proposed by Mosley would create an unsatisfying two-tier competition by setting different engineering rules for teams that accept the cap and those that don't, and that the spending cap would hinder innovation. A series of recent changes in the rules governing design have also annoyed the teams, which complain that...
...just might take a sideshow to draw wallet-wary fans to the track. The economic downturn is threatening to decimate high-cost motor sports. For example Formula One, the world's most popular auto-racing circuit, is facing its biggest crisis in 40 years, according to Max Mosley, president of the sport's governing body. He compares F1's status to the global housing and credit bubbles. And since Honda, which had spent about $300 million annually on Formula One, decided to pull out of the sport altogether, F1 has blown a tire. (See pictures of car art by Warhol...
...there is one proposal that teams are not prepared to accept: the FIA's suggestion that all cars use an identical engine built by a single manufacturer. The idea, backed by FIA President Max Mosley, has drawn fierce criticism, with Ferrari arguing that it would undermine the sport's "raison d'être, based principally on competition and technological development." If it happens, Ferrari and other big teams say they would consider abandoning Formula One. Perhaps, as has been suggested in the past, a few big teams might even set up rival races. "Why would Toyota want to use somebody...