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Should Formula 1 Teams Be Paid Equally in Light of Caterham, Marussia Collapse?
Published: October 29, 2014
The final two rows on the Formula One grid have been wiped clean over the last week, with the news that first Caterham and then Marussia had entered administration.
Bernie Ecclestone, F1's ringmaster, told Reuters' Alan Baldwin that, as a consequence, neither team would be present at this weekend's United States Grand Prix nor next week's Brazilian Grand Prix, shrinking the number of cars to just 18 for the first time since the Monaco Grand Prix of 2005, an event which saw the BAR-Honda outfit serve the last of their two-race ban for a technical infringement.
The loss of two teams in quick succession—the first to miss rounds of an existing season since Super Aguri completed just the first four races of the 2008 campaign—has led to widespread calls for Formula One to take a long, hard look in the mirror.
The demise of both Marussia and Caterham—punchy and popular teams at their best, embarrassments to the sport at their worst—has been predictable within months after they arrived on the grid as Virgin and Lotus in 2010, less than a year after they gained entry to the sport under the assumption that a budget cap would be introduced.
The teams—who according to BBC Sport operate on a third of the budgets of the likes of Red Bull, Ferrari and Mercedes, who "spend more than £200m a year on their F1 programmes"—have shown few signs of progressing up the field. They failed to finish higher than 10th in the all-important constructors' standings in their first four seasons of existence (although Marussia currently sit ninth, with two points, in the 2014 championship).
Their financial concerns have become increasingly apparent, with Marussia employing three different drivers—Timo Glock, Luiz Razia and Jules Bianchi—in less than six weeks at the...
Article Source: Bleacher Report - Formula 1
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