THE BLOG
19/05/2014 10:46 BST | Updated 16/07/2014 06:59 BST

The $500Million Engine

There have only been three winners in the last twelve months in Formula 1--Sebastian Vettel, Lewis Hamilton and Nico Rosberg. That hasn't been done since 1988 when Gerhard Berger, Ayrton Senna and Alain Prost won everything. Mercedes boss Toto Wolff reckons it is due to the lack of a cost cap or rampant spending that has created the rift and lack of "diversity" in winning...which is an interesting use of the term by the way.

All of this has man F1 pundits concerned over the future of the series and race promoters convened at the Spanish Grand Prix to let F1 boss Bernie Ecclestone know about it. As always, Ecclestone has a very frank and straightforward view of the situation regarding cost caps as The Telegraphpoints out:

"Tell me, what was the idea of the cap? To keep costs down," he said. "So we put this engine in and it costs four times more than the other one, and costs the manufacturers a hell of a lot of money."

How much money? According to the article, Ferrari and Mercedes spent $500 million developing the new power unit and the small teams are paying up to $25 million annually for their engine supply. The FIA are making a lot of noise about the cost cap idea and yet they are caught in their own web of sustainability and corporate social responsibility as they call it.

If Wolff is correct--ironically he is represents a team that is spending more than most--then the FIA's dash to find a meaningful cost cap might bring parity back to the grid. However, FIA president Jean Todt's grand scheme for reducing costs seems to simply be the act of firing employees at large teams with lots of staff. Is Wolff prepared to employ only 100 people on his F1 project? Would they leave the sport over a mandatory headcount quota or would they leave if the series moved away from the V6 turbo?

From Ecclestone's perspective, the teams don't need a cost cap:

"The teams can cut costs so why don't they spend less? I don't think they need a budget cap. The people who don't need a budget cap will find their way round it," said Ecclestone.

The notion of cutting costs is sitting on the table of the newly formed Strategy Group which comprises of the FIA, Ecclestone and six top teams. The top teams are perhaps less motivated to issue a cost cap and the FIA's Todt even said their recommendations were a joke. The small teams aren't represented on the group and Ecclestone explains why:

"There are four teams that are not in the Strategy Group and why not? Because the people that are have committed to racing in Formula One to 2020 and have put up sensible guarantees if they don't."

Ultimately something will have to be done to ensure the future of the sport but the politics are as large and galvanizing as the money in the series itself.