Formula 1 teams have made a major breakthrough to help reduce costs in the sport over the next few years after rubber-stamping a new Resource Restriction Agreement (RRA) in Singapore at the weekend, AUTOSPORT has learned. Teams had headed to Singapore fearing that the current RRA, which ran from last year until the end of next season, was on the brink of falling apart - amid suspicion that some outfits had found clever ways of getting around the agreed cost restraints. High level sources suggested that if the suspicions could not be alleviated, and teams were unwilling to agree on interpretations on how their costs should be calculated, then there was a possibility the deal could fall apart completely and F1 would face another all-out spending war
Thursday, September 30, 2010
F1 teams reach new cost-saving deal
Formula 1 teams have made a major breakthrough to help reduce costs in the sport over the next few years after rubber-stamping a new Resource Restriction Agreement (RRA) in Singapore at the weekend, AUTOSPORT has learned. Teams had headed to Singapore fearing that the current RRA, which ran from last year until the end of next season, was on the brink of falling apart - amid suspicion that some outfits had found clever ways of getting around the agreed cost restraints. High level sources suggested that if the suspicions could not be alleviated, and teams were unwilling to agree on interpretations on how their costs should be calculated, then there was a possibility the deal could fall apart completely and F1 would face another all-out spending war
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