Away
from the races, the finance of Formula 1 is often a main source of
headlines for the sport. With the rejection of budget cap proposals
and the economic plight of the smaller teams, could the debated
return of the 3.5l naturally aspirated V8 engine provide a solution to the spiraling costs of
running a Formula 1 team?
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A potential return to the V8? |
It
takes an approximate £158 million budget in order to run at the
highest echelon of motor sport. With £41 million required for
research and development in the wind-tunnel and on track testing, a
further £42 million is needed to cover driver, team management and
staff salaries. £39 million is dedicated to the manufacturing of the
car (not including the hybrid power train) and then £36 million
spent on operations such as the logistics and travel costs of a team
to each venue. Obviously sponsorship deals go some way to recouping
the cost of running, but for the smaller teams that struggle to
attract the big money deals, the spending is far from sustainable.
Therefore, a possible solution for the smaller midfield constructors
would be to run the old style V8 engines to cut out the phenomenally
expensive hybrid power units currently used.
So
in order to keep a healthy grid, a potential 'Super GP2'
specification car could be an alternative. The smaller teams are of
huge importance to the sport, so to lose them in favour of three car
teams where the podium could be all Mercedes would be to the
detriment of the sport. As such a tiered system of the bottom five
teams using the old V8s would seem a better option and eliminate the
massive hindrance from operating with a much smaller budget than the
leading teams. This means that the racing would be closer in the two
tiers that would race in the field. With the works teams like
Ferrari, Red Bull, McLaren Honda and Mercedes running the hybrid
platform and the privateer teams adopting the V8s, a potential
partial solution to the economic disparity could be spawned as the
new power trains are some 500% more expensive per unit.
Prominent
figures in the sport have already declared an interest in just such a
scheme. Bernie who openly objected to the demise of the V8s under the
reign of FIA President Jean Todt has hinted at the use of a tiered
system to the sport. Red Bull team principal Christian Horner has
called for the V8s to return also (admittedly no surprise given the
Mercedes dominance and Renault's under performance). As such, this
idea is definitely not out of the question.
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"Bernie, do you remember when I had those reliable V8s?" |
However,
to implement such an idea does provide its own problems. One of which
being how to homologate the performance difference in the cars using
the different power trains. Possible solutions include added weight
bias to the more powerful hybrids/ lower weight thresholds for the
smaller teams given the V8s lower efficiency levels meaning they need
to carry more fuel. Alternatively, restrictors on the engines could
be employed to manage engine performance.
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Hybrids: The field may well become one combing the V6 & V8s |
After
the saddening loss of Caterham and Marussia at the tail end of last
season and the reported struggles of Lotus, Sauber and Force India,
action needs to happen. In fact, when the Virgin/ Marussia/ Manor
team entered in 2010 it was as a result of the planned introduction
of budget caps as pushed for by then FIA President, Max Mosley. The
above plan is by no means a solution to the economics of the sport,
but it would go some way to restricting the difference between the
teams spending £500 million and those spending £50 million. The two
tiers would provide competitive racing within them and the glorious
sound of those screaming V8s would return to the sport.
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