40 Million Cap, New Teams anyone??

homerbhoy · Post by **homerbhoy** » 30 Apr 2009, 12:19

Formula 1 teams will be encouraged to operate within a £40m budget cap from 2010 under new cost cutting measures announced by governing body the FIA.

Those who comply will be gain greater technical freedom and unlimited out-of-season testing.

Expenditure such as driver salaries, engine costs (for 2010 only), fines, penalties and marketing and hospitality will not come under the £40m budget.

The maximum number of cars in the championship will rise from 24 to 26.

At the moment there are 20, two for each of the 10 teams, but the budget cap could attract new entrants and F1 commercial rights holder Bernie Ecclestone has stated that he envisages up to three new teams in 2010.

The sport has not seen 26 cars on the grid for 15 years.

After announcing a £30m cap in March, the FIA's World Motor Sport Council (WMSC) has increased that figure by a further £10m, with the formation of a new costs commission to police the regulation.

There are no fixed penalties for teams who exceed the £40 budget cap but the costs commission will judge the degree of the misdemeanour and advise the FIA, who will determine any penalty.

Teams will have freedom of choice as to whether to be governed by the cap but those that opt out face certain restrictions.

Any team operating within the budget will be allowed to use movable front and rear wings and, crucially, an engine not subject to a rev limit.

Those teams will also be allowed unlimited out-of-season track testing, with no restrictions on the scale and speed of wind-tunnel testing.

The £40million figure will cover all team expenditure except:

# Marketing and hospitality
# Marketing and hospitality
# Remuneration for test or race drivers, including any young driver programmes
# Fines or penalties imposed by the FIA
# Engine costs (for 2010 only, and specifically designed to retain the current manufacturers within the sport)
# Any expenditure the team can demonstrate has no influence on its performance in the championship
# Dividends paid from profits relating to participation in the championship

Any team wishing to compete in next year's championship must notify the FIA between May 22 to 29 and state whether they wish to compete under the cost-cap regulations.

hclw · Post by **hclw** » 30 Apr 2009, 13:20

This is the moment f1rejects need to start their own team. Its now or never chaps.

It couldn't be worse than a new lola team, surely?

thehemogoblin · Post by **thehemogoblin** » 30 Apr 2009, 19:17

hclw wrote:This is the moment f1rejects need to start their own team. Its now or never chaps.

It couldn't be worse than a new lola team, surely?

I'll send $20... but only if I get to be the title sponsor.

thehemogoblin-F1 Rejects Life W12

We're doing this.

watka · Post by **watka** » 30 Apr 2009, 20:27

How many Lola incarnations have there been other than Mastercard Lola? And have any of them been any good at all?

rffp · Post by **rffp** » 30 Apr 2009, 21:08

watka wrote:How many Lola incarnations have there been other than Mastercard Lola? And have any of them been any good at all?

Check: http://en.wikipedia.org/wiki/Lola_Cars

Besides the reject MasterCard Lola project, there was the dismal season in 1993 with Scuderia Italia that resulted in the end of the team's activities in F-1.

LionZoo · Post by **LionZoo** » 01 May 2009, 07:53

How long before Budgetgate strikes McLaren? Since Stepneygate was 2007, Liegate was 2009, I say 2011.

CarlosFerreira · Post by **CarlosFerreira** » 01 May 2009, 08:43

hclw wrote:This is the moment f1rejects need to start their own team. Its now or never chaps.

It couldn't be worse than a new lola team, surely?

I know a guys who wasn't half bad at drawing cars in school, during French classes. We might have an aerodynamics expert in out hands.

LionZoo · Post by **LionZoo** » 01 May 2009, 09:15

I'm a mechanical engineer and my concentration is in vehicle design so I call technical director!

Captain Hammer · Post by **Captain Hammer** » 01 May 2009, 10:01

I call driver. It might be a team called F1 Rejects, but dammit, I want to drive! I find it deeply unfair that people younger than me are Formula One drivers.

Faustus · Post by **Faustus** » 01 May 2009, 10:25

I was assistant race engineer at Arrows in 2002 (Frentzen's car) so I call Chief Race Engineer!

TomWazzleshaw · Post by **TomWazzleshaw** » 01 May 2009, 13:09

I'm one of the top mathimatitions at my school so I call chief stratagiest

LukeB · Post by **LukeB** » 01 May 2009, 13:16

Oh oh, can I be second driver? I can't drive at all so it'll be rather fitting.
"Now which pedal makes it move again....?"

hclw · Post by **hclw** » 01 May 2009, 14:28

With my lack of subtlety, crass self absorption and tendency to lie all the time, I'd make an excellent FIA liaison officer for the f1rejects team

Kuwashima · Post by **Kuwashima** » 01 May 2009, 14:58

I am happy to take my place as the surly, taciturn, egomaniacal, engaging if mercurial, never-wrong, team principal!

CarlosFerreira · Post by **CarlosFerreira** » 01 May 2009, 15:01

Should we call Chrysler to see if they're interested in powering the thing with a Y-12 engine?

hclw · Post by **hclw** » 01 May 2009, 15:13

we would need suitable accountants to manage the budget and make sure nothing untoward happened. Its very important we are open and transparent with our finances and that the FIA get full access to our accounts

I recommend some of those clever Enron accountants.

CarlosFerreira · Post by **CarlosFerreira** » 01 May 2009, 15:17

hclw wrote:we would need suitable accountants to manage the budget and make sure nothing untoward happened. Its very important we are open and transparent with our finances and that the FIA get full access to our accounts

I recommend some of those clever Enron accountants.

That reminded me of a popular pun here in the Economics Department: E-cow-nomics, economic models explained with cows. You can search it online. Some examples:

TRADITIONAL CAPITALISM:
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows.
You sell them and retire on the income.
-------
ENRON CAPITALISM:
You have two cows.
You sell three of them to your publicly listed company, using letters of
credit opened by your brother-in-law at the bank, then execute a
debt/equity swap with an associated general offer so that you get all four
cows back, with a tax exemption for five cows.
The milk rights of the six cows are transferred via an intermediary to a
Cayman Island company secretly owned by the majority shareholder who sells
the rights to all seven cows back to your listed company.
The annual report says the company owns eight cows, with an option on one
more.
Sell one cow to buy a new president of the United States, leaving you
with
nine cows. No balance sheet provided with the release.
The public buys your bull.

SuperAguri · Post by **SuperAguri** » 01 May 2009, 16:00

I request to be the official ice cream and cold drink server for when the drivers retire, not qualify or get out of the car because it's raining a bit.

Barbazza · Post by **Barbazza** » 01 May 2009, 18:32

Hmmm. There don't seem to be many roles left, so I suppose I'll have to be the one holding an umbrella over the driver on the grid then. As long as I get to do something reject worthy ie leaving the brolly hanging off the rear wing to ruin downforce for example.

donald29 · Post by **donald29** » 01 May 2009, 18:34

The budget cap is good, but it should be for everyone or no-one. This optional thing with technical freedoms is dodgy IMO.

Reverie Planetarian · Post by **Reverie Planetarian** » 01 May 2009, 19:25

LionZoo wrote:I'm a mechanical engineer and my concentration is in vehicle design so I call technical director!

I'll work where you're working.

Yannick · Post by **Yannick** » 01 May 2009, 20:24

I'm on another forum, too, which focuses on fantasy track design. So if you want to build your own test track a la AGS, I could have a go.

It's good to know that F1Rejects Racing Team Ltd. has got a good lawyer on board ...

Ross Prawn · Post by **Ross Prawn** » 01 May 2009, 23:04

I'll be the 'special projects engineer'. The one that gets those hard to find Ferrari documents, and arranges photo shoots for Max.

Debaser · Post by **Debaser** » 02 May 2009, 09:13

As I'm a 16 year old I'll be the lackey: I'll make the tea and coffee, deal with phonecalls, do some photocopying...all the boring jobs.

watka · Post by **watka** » 02 May 2009, 11:02

Yannick wrote:I'm on another forum, too, which focuses on fantasy track design. So if you want to build your own test track a la AGS, I could have a go.

It's good to know that F1Rejects Racing Team Ltd. has got a good lawyer on board ...

What forum is that? I ssed to doodle tracks all the time.

I call the position of head-KERS engineer in the team, better go buy myself some gloves.

StoneColdSpider · Post by **StoneColdSpider** » 02 May 2009, 11:17

i will b 1 of the drivers....
even a test/reserve driver roll will do me

Salamander · Post by **Salamander** » 02 May 2009, 13:46

I'm quite decent in racing games, so I guess I could also be a reserve/test driver if you need another one... if not, then I'm also good with computers, so naything involving those would be okay.

XurizManson · Post by **XurizManson** » 02 May 2009, 14:37

I´m proudly presenting the very first car layout!

Check the gallery: http://img15.imageshack.us/gal.php?g=62663409.jpg

Or see the pics:

StoneColdSpider · Post by **StoneColdSpider** » 02 May 2009, 14:41

lol nice

but Reynard???
it has to b a Lola chassis

and wasnt it a W12 engine Life had?? not a V12...

XurizManson · Post by **XurizManson** » 02 May 2009, 14:43

Sure... i think i can fix it... just wait for a second.

XurizManson · Post by **XurizManson** » 02 May 2009, 15:01

Sorry aboot the Reynard, buddy!

XurizManson · Post by **XurizManson** » 02 May 2009, 15:07

Mmm... forgot the W12...

XurizManson · Post by **XurizManson** » 02 May 2009, 15:08

StoneColdSpider · Post by **StoneColdSpider** » 02 May 2009, 15:12

alright i just took the new car out for a test session
(F1R-001?)
well i took the main and the spare out....
the main one stopped after 400yards... who 4got to put oil in the engine???

i thought it was perfect....
ran like a dog with no legs down the straight
handled corners like a submarine
theres a horrible vibration in the steering.....
but then after i got out after the test.....i found an umbrella lodged in the rear wing.... thx Barbazza....
we are well on our way to rejectdom :lol:

XurizManson · Post by **XurizManson** » 02 May 2009, 15:24

The car was edited at TrackMania. I´m uploading it to the ones who are willing to drive it, or to do further mods. Just put the .zip file in your TrackMania folder at My Docs (\TrackMania\Skins\Vehicles\StadiumCar).

http://www.4shared.com/file/102986881/d7d80b89/f1rejects.html"%20target=_blank>f1rejects.zip

hclw · Post by **hclw** » 02 May 2009, 15:47

in tribute to the f1rejects main page, the car should be designed according to 1999 regulations and should never ever change

hclw · Post by **hclw** » 02 May 2009, 16:17

I have a photograph of the unveiling of the f1rejects car at the rich man's paradise of monaco.

I think our driver took a wrong turn

the photograph is really of aussie driver paul hawkins driving into the harbour at monaco in 1965. He was not injured in the crash

StoneColdSpider · Post by **StoneColdSpider** » 02 May 2009, 16:24

yeah sorry about that....
i got destracted by some of the local women in bikinis
:oops:

Faustus · Post by **Faustus** » 02 May 2009, 18:10

Debaser wrote:As I'm a 16 year old I'll be the lackey: I'll make the tea and coffee, deal with phonecalls, do some photocopying...all the boring jobs.

The car won't clean itself mate!

LionZoo · Post by **LionZoo** » 02 May 2009, 19:34

hclw wrote:in tribute to the f1rejects main page, the car should be designed according to 1999 regulations and should never ever change

Well considering the car design seems to be conforming to some set of regulations that isn't the 2009 one, I say we're halfway there! Rejected before the car ever sees a F1 track, that should be a new record!