Red Bull Joins Ferrari, Toyota In Threatening To Leave F1 Racing
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Red Bull Threatening To Leave F1 Over
Proposed Budget Cap Rules For '10 |
Red Bull has joined Ferrari and Toyota in "threatening to quit" F1 over proposed budget cap rules for '10, according to Bruce Martin of SI.com. Red Bull CEO Dietrich Mateschitz, who owns F1 teams Toro Rosso and Team Red Bull, "voiced his concerns to an Austrian daily newspaper, saying he planned to boycott the planned rule changes." Mateschitz said to Austrian newspaper Salzburger Nachrichten: "If the proposed rules for 2010 remain unchanged, we will not enter next year's championship -- and I guess that won't do for the works teams either. So, possibly, only two, or maybe three, of the existing teams will enter the championship. The conditions for 2010 at the moment make it impossible to sign in." Martin noted the FIA has "proposed a voluntary" $61.3M budget cap for the teams -- a figure that "excludes drivers salaries, engines, fines, penalties and marketing and hospitality." The teams that "comply with the cap will be allowed much greater technical freedom and unlimited out-of-season testing." Testing in the season is "currently banned." A meeting between FIA President Max Mosley and the F1 Teams' Association is "expected to take place before next week's Monaco Grand Prix" (SI.com, 5/11).
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