Super Aguri Exits Formula One: Budget Cap Within Sight
After two years and four months within the world of F1, the Super Aguri team was forced to call it quits due to the worsening of its finances. The news does not come exactly as a surprise to those fans who closely follow the history of F1 racing, but it points towards the ever increasing wealth that is required to stay in the competition.
Every team has a budget that exceeds the magical $100 million, and the top teams routinely spend over $500 million a year. These astronomical numbers allow F1 to remain the pinnacle of motorsports, but it also comes at a price that fewer and fewer private teams can afford. Long gone are the days of Tyrells and Jordans.
Or maybe not.
Plans about a budget cap are in the works at FIA, but the exact details have not been worked out yet, neither does it look like the cap will be a binding one.
Under current conditions, it seems nevertheless that such a move would allow the smaller teams to at least survive in F1 by setting the cap at $150 million, and allowing teams that spend under the cap more testing time, both in the wind-tunnel and on the circuits. The five-year engine freeze will also be introduced, for similar purposes, but with unclear results.
Unfortunately Super Aguri will not be there to see it.
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