{"id":15448,"date":"2012-03-12T07:05:37","date_gmt":"2012-03-12T11:05:37","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=15448"},"modified":"2012-03-12T07:05:37","modified_gmt":"2012-03-12T11:05:37","slug":"ecclestone-says-f1-budget-cap-could-happen","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/ecclestone-says-f1-budget-cap-could-happen\/","title":{"rendered":"Ecclestone says F1 budget cap &#8216;could happen&#8217;"},"content":{"rendered":"<p>Bernie Ecclestone has fired a warning shot as his negotiations ramp up with formula one teams over the next Concorde Agreement.<\/p>\n<p>The team bosses are pushing for more of the sport&#8217;s lucrative revenue, but F1 chief executive Ecclestone said they already spend too much due to wearing rose-tinted glasses.<\/p>\n<p>His advice: &#8220;Change the colour of your glasses and tighten your belts,&#8221; the 81-year-old told F1&#8217;s official website.\u00a0 &#8220;Stop spending more than you need to.&#8221;<\/p>\n<p>The most recent political war between F1&#8217;s authorities and the teams &#8211; in 2009 &#8211; was fierce, when former FIA president Max Mosley pushed hard for a budget cap.<\/p>\n<p>Ecclestone said: &#8220;You could (still) install a mandatory budget for all teams &#8211; on the basis of the smaller teams &#8211; but they (the big teams) don&#8217;t like it and fiercely fight against it.<\/p>\n<p>&#8220;I would welcome it,&#8221; he insisted.\u00a0 &#8220;Yes, I think it could happen.&#8221;<\/p>\n<p><span style=\"color: #888888;\"><em>\u00a9 RIF | GMM<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bernie Ecclestone has fired a warning shot as his negotiations ramp up with formula one teams over the next Concorde Agreement. The team bosses are pushing for more of the sport&#8217;s lucrative revenue, but F1 chief executive Ecclestone said they already spend too much due to wearing rose-tinted glasses. His advice: &#8220;Change the colour of &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[59,5262,5300,5340,283],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/15448"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=15448"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/15448\/revisions"}],"predecessor-version":[{"id":15449,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/15448\/revisions\/15449"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=15448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=15448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=15448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}