WhiteBlue wrote:[...]
I'm not worried. The FiA have committed themselves to a budget cap and they will eventually sort out the problem. It took them five years to get fuel restricted race engines and now we are going to have them. Things are not perfect in the beginning, but if you start on the right way towards the objective you will eventually arrive. It only takes persistence.
[...]
The FIA got fuel-restricted race engines through the implementation of a
standardized fuel-flow meter. Again, the standardization of components is the
only way impose hard limits on anything. Everything else is subject to interpretation, and the teams are extraordinarily adept at interpreting the rules in their favor.
Now I suspect you're more interested in defending the FIA than trying to come up with a viable solution. But, to anyone else: how can the sport implement a standardized cash-flow meter?
Should the FIA assume the role of an ATM through which all funds spent on F1 must pass? If so, how can the FIA guarantee the efficacy of such a plan? Presumably, enforcement would require the authority and ability to comprehensively audit every entity involved in the sport, including suppliers and sponsors. How will that work? How can the FIA compel companies, many of whom are privately held and under no obligation to disclose financial statements of any kind for any reason, to nevertheless regularly submit complete, unabridged financial dossiers for "scrutineering" by a Charlie Whiting-of-accounting? Can that work?
Or...
hollus wrote:That sounds awfully similar to the luxury tax implemented in the NBA, and guess what? It works rather well there.
...do we construct an altogether new paradigm and somehow convince teams to relinquish
all power and control, even over their own names, logos, trademarks, etc., to instead become franchises of a larger entity through which
everything must pass? This is, after all, the model for three (NFL, MLB, and NBA) of the five most-profitable sports leagues in the world (F1 and EPL being the other two). It's not necessarily a bad idea, either, as those three leagues are considered non-profit organizations since all revenues from league-wide deals are disbursed equitably among their constituent franchises.