Menu
Leagues and Governing Bodies

Red Bull Technical Head Adrian Newey Warns Of Formula One 'Spending Frenzy'

Moves to open up engine development in '17 will trigger a Formula One "spending frenzy" likely to increase the dominance of champions Mercedes and Ferrari, Red Bull Technical Head Adrian Newey has warned, according to Alan Baldwin of REUTERS. When asked about the consequences of plans to scrap the current power unit "token" system and allow unrestricted development, Newey said, "More spending, simple as that." The change, confirmed last week by Renault Sport Managing Dir Cyril Abiteboul, is "part of a deal agreed with the manufacturers to provide privately-owned teams with far cheaper engines." Newey: "If you look back on the original technical working group meetings and minutes from 2012-13, the agreement at that point was that the engines would be frozen but teams that were behind would still be allowed to keep developing. That’s not happened. So it becomes a spending frenzy...the numbers being spent by the big manufacturers are eye-watering and so I think potentially for companies such as Renault who aren’t prepared to spend that sort of money, it means actually the gaps get bigger not smaller." Mercedes and Ferrari are "each supplying three teams apart from their own this season," while Renault has two and Honda -- the newest entrant that has more ground to make up -- just McLaren. Newey: "It’s very curious to me that we have this set of regulations where the manufacturer has to supply the same hardware to other teams but it’s under no obligation to supply the same software and therefore the same performance. Nobody is complaining about this because the customer teams can’t complain because their contract doesn’t allow them to" (REUTERS, 2/6). 

DISAPPEARING BREED: In a separate piece, Baldwin reported F1 "has lost another of its principals." Renault this week followed McLaren and Mercedes "in doing away with the once exalted position of team principal." Frederic Vasseur will be racing director instead, reporting to Abiteboul under President Jerome Stoll -- with company CEO Carlos Ghosn above all. Only two of the 11 teams now have a designated principal "who is also the owner or founder, and both are privately-owned -- Williams and Force India." The rest of those "still bearing the job title are accountable to others" (REUTERS, 2/5).

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ Morning Buzzcast: April 23, 2024

Apple's soccer play continues? The Long's game; LPGA aims to leverage the media spotlight

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/02/08/Leagues-and-Governing-Bodies/Adrian-Newey.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/02/08/Leagues-and-Governing-Bodies/Adrian-Newey.aspx

CLOSE