Thursday, April 30, 2009

Leader Button welcomes budget cap

Jenson Button
Button leads the championship by 12 points after four races

Formula One championship leader Jenson Button has backed the introduction of a £40m budget cap from 2010.

The cap is part of a raft of proposals to shake up F1 announced by governing body the International Automobile Federation (FIA) on Thursday.

"For the manufacturers and the bigger teams I'm sure they don't want that, but for teams like Brawn we need that for the future," Button told BBC Sport.

"It's the way F1 has to go in the times that we are experiencing," he added.

F1 is dominated by manufacturers who are suffering in the global downturn with the result of slumping car sales, while Button's former team Japan's Honda pulled out of the sport in 2008.

We remain encouraged by the new rules

Prodrive chairman David Richards

"For the teams that are not manufacturers this is what we need," said Button speaking at the Sport Industry Awards for 2009.

"For us and Williams and a few other teams we'll be reasonably happy with the decision - it's going in the direction that we need it to."

Teams are free to chose whether to be governed by the cap but those that opt out face certain restrictions.

Some teams are spending £160m each year and the proposed introduction of the budget cap has raised fears that F1 will become a two-tier sport.

McLaren's Martin Whitmarsh wants a solution which "may or may not include a budget cap, but which ideally would not encompass a two-tier regulatory framework".

F1 MOLE
F1 Mole

Those who comply with the budget cap will gain greater technical freedom and unlimited out-of-season testing.

The FIA is to allow three new teams to enter from next year and those that join and work within the cap will get money from the commercial rights holder, a proposal that was welcomed by Aston Martin and Prodrive chairman David Richards.

"We remain encouraged by the new rules which have the potential for a team to be commercially viable and competitive on a far more realistic budget," said Richards, who has expressed an interest in entering F1 in 2010.

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