Formula 1 "cannot just rely on a budget cap as the answer to bring down costs in grand prix racing," FIA President Jean Todt said, according to Jonathan Noble of AUTOSPORT. Although a "defined limit on team spending is being pursued by F1's owners as a key change for the future," Todt believes it would be a "mistake to rely on it exclusively as a means of controlling expenditure." He thinks that a cost cap "must go hand-in-hand with other regulations that help make F1 cheaper." Todt said, "We need to make regulations which will have some impact on the actual costs. ... We have to be able to agree something that will be more sophisticated in order to achieve that." F1's commercial execs are due to sit down individually with teams this winter to "discuss in more detail the idea of a budget cap." But while all teams acknowledge that something needs to be done about costs, there remains some skepticism about "whether or not a cost cap is workable." Red Bull Team Principal Christian Horner said, "I'm not a huge fan of budget caps because I question how policeable it is -- because everyone's corporate structure is different" (AUTOSPORT, 1/14).
