In recent years Forumla one has seen a number of changes to its regulations. Alot of these have been brought on through the dramatic increase in car speed and a number of smaller teams going out of business, such as Prost and Arrows with Minardi coming very close on a number of occasions. Max Mosley the head of the FIA has been on a drive to cut costs and slow down cars, which in my opinion he has failed in doing both.
Some of the proposals put forward by Max such as to introduce a V8
engine to me dosnt' make sense and having to design and build an all new engine will send costs up. The new regulations for 2005 have also according to teams and drivers made the cars harder to handle and somewhat unsafer in their view. In the future we could see a single tyre supplier, this in max's opinion to slow the cars down and cut costs. But at what cost?. By eliminating a tyre supplier and having a control tyre you are eliminating one aspect of the competition which formula one is all about.
Mosley has been forcing himself upon the teams and the teams aren't interested in his ideas. They prefer to come up with them as they have done in the past and many feel Max is using his powers as the head of the FIA incorrectly.
The latest saga between the teams, in particular Paul Stoddart, and the FIA comes with legal action brought on by Minardi to compete in the championship using 2004 spec cars. Stewards found that the cars were not considered safe enough to compete and thus Stoddart took the matter to court. Stoddart recieved and injuction, but has since modified the cars to 2005 spec. As a result the FIA have threatened to drop all FIA events in Australia. A devistating blow to the many in this country who follow it, and something the teams, according to Stoddart, won't stand for.
The sport revolves around the allmighty dollar and everyteams wants a bigger slice of the pie. Bernie Ecclestone wants to make his bank account grow larger as well and give less on the money to the teams. This is where the Grand Prix World Championship (GPWC) comes into it. The current commercial agreement only offers teams around 50% of all the television funding and is due to expire at the end of the 2007 season. The GPWC which is formed by the major manufactures expect Ferrari who signed onto extend the current commercian agreement, are offering the teams around 80% of the television funding.
While this is a breif insight into what has been happening this saga has been going on for a long time and will continue to go on for a while. Max Mosley's mandate as FIA president, I believe is due to run out in October. After that could we see some stability come to F1 or will the new president carry on with mosley's reform drive. Only time will tell.