Aston Martin could enter F1 in 2010 

Richards tempted by annual budget cap idea

Written by David on April 23rd, 2009 at 1:07 pmLast Update: April 23rd, 2009 at 1:07 pm

David Richards, Aston Martin chairmanAccording to The Times, British manufacturer of luxury sports cars, Aston Martin, could enter Formula 1 in the 2010 season following Max Mosley’s proposal to cap the annual budgets of teams at £30 million.

“This is a great time to come in,” said Aston Martin chairman David Richards. “If budgets are capped to a sensible level, everybody will benefit. The budget cap idea is not just eminently sensible but crucial to the survival of the sport.”

“Instead of Formula One being a contest of the teams with the most money, it will become a championship for engineers with ingenuity and great drivers who can show their skill, as it was years ago,” continued Richards.

The newspaper also reports that Richards will meet his Middle Eastern backers next week in order to determine whether to launch a team with a sponsor brand or a squad under the Aston Martin banner.

“Nothing is decided yet,” he said. “But the key to all of this is the financial reality that the budget cap will bring. Take a £300 million budget and, in reality, all you really need is a tenth of that. Things just got hopelessly out of control. What Max has come up with is not just eminently sensible but crucial to the survival of the sport. This way, new teams can become involved at a sensible price and with a chance of being competitive.”

No comments yet. Be the first.

Leave a Reply