News Details

Formula 1 'not a sustainable business model' - Symonds

– Williams Chief Technical Officer Pat Symonds says that Formula 1's business model is not sustainable as the sport faces the prospect of entering the 2015 season with only nine teams.Caterham and Marussia both entered administration in 2014 and neither team is certain to continue into this season, while several other squads have voiced their concerns over the current financial situation in the sport.Symonds, who says that Williams' financial position is secure, believes that while leading teams are right to protect their positions, the system is too favourable towards frontrunning outfits."It's not a sustainable business model, if you want to call it a mess it's a mess,"...
Full Story »
11y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Porsche rules out Formula 1 project

Porsche has ruled out entering Formula 1 after new F1 entrant Gene Haas...
11y ago from GrandPrix247.com

Mercedes and McLaren to change colours in 2015

At least two top teams will enter the 2015 Formula 1 world championship...
11y ago from GrandPrix247.com

Mercedes and McLaren to change colours in 2015?

At least two top teams will enter the 2015 season with fundamentally...
11y ago from GrandPrix.com

BBC will broadcast TEN live races of 2015 F1

BBC has confirmed that it will offer live coverage of half of this...
11y ago from ThisIsF1.com

Elsewhere On The Network

Popular On MGPToday.com

Luca Marini leads the way in first Le Mans MotoGP...

Honda rider Luca Marini topped the timesheets in the opening MotoGP free...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

'Difficult to predict' – Howe won't rule out...

Newcastle United manager Eddie Howe has not done much to play down talk of...
41m ago from CaughtOffside.com

Report: Arsenal told to pay £52m to sign 14 G/A...

Arsenal reportedly face paying as much as £52m for the transfer of...
1h ago from CaughtOffside.com

Expert reveals the truth about Arsenal star being eyed...

Arsenal forward Kai Havertz may have been linked with a transfer to Bayern...
2h ago from CaughtOffside.com

Positive update for Arsenal despite Bayern also...

Arsenal look to have been given a positive update on their transfer...
2h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.