Terry,
There is no budget cap. The agreement is that the teams have 2 years to get
their spending down to the levels that were in effect in the early 1990's.
That said, It is not clear if the figures will be adjusted for inflation or
the actual Dollars that were spent. If it is actual dollars, the spending
will definitely be severely restricted.
The win for the teams is that they have a set of rules that applies to all
teams and is for the most part stationary. So they will not have to scrap
the current car and start all over for the next season's rule set. This
will allow them to fix the deficiencies of the previous year rather than
start with a clean sheet of paper. That in itself will save a lot of
development time and money.
True, they didn't get everything they wanted but that is the way
negotiations go. You strive for a Win-Win situation and each party has to
drop some of its demands in order to reach consensus.
I for one am pleased that the sanctity (if not the sanity) of F1 remains in
place.
Cheers,
Joe C.
-----Original Message-----
From: fot-bounces@autox.team.net [mailto:fot-bounces@autox.team.net] On
Behalf Of Terry Stetler
Sent: Thursday, June 25, 2009 10:05 AM
To: fot
Subject: Re: [Fot] FIA blinks first
If I read the story correctly there will still be spending caps, which none
of
the top teams want, and there will be technology sharing.
Sounds like a lose-lose situation to me.
F1 has now taken a big step down the slippery slope of spec racing. Joy,
more
IRL cars. And about as exciting as a FF race.
The heart and soul of Formula One is technical innovation. It's not giving
your secrets to the other guy to "even the playing field".
The constructors should have stuck to their guns.
Terry Stetler
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