{"id":17641,"date":"2013-01-23T06:58:30","date_gmt":"2013-01-23T11:58:30","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=17641"},"modified":"2013-01-23T06:58:30","modified_gmt":"2013-01-23T11:58:30","slug":"financial-crisis-threatens-f1-reports","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/financial-crisis-threatens-f1-reports\/","title":{"rendered":"&#8216;Financial crisis&#8217; threatens F1 &#8211; reports"},"content":{"rendered":"<p>Talented drivers are proving the victims of a financial crisis in formula one, according to media reports.<\/p>\n<p>Major newspapers like Germany&#8217;s Bild, and specialist outlets including Auto Motor und Sport, say the sport is &#8220;sick&#8221;.<\/p>\n<p>&#8220;Only the top four &#8211; Red Bull, Ferrari, McLaren and Mercedes &#8211; are having no problems,&#8221; said Bild.<\/p>\n<p>Auto Motor und Sport added: &#8220;We have to worry about formula one.\u00a0 HRT has gone.\u00a0 Caterham and Marussia can only survive with pay-drivers.\u00a0 Drivers like Timo Glock and Heikki Kovalainen are losing their jobs.<\/p>\n<p>&#8220;The sport must be wondering how it will survive in the long term.&#8221;<\/p>\n<p>And veteran Swiss correspondent Roger Benoit wrote on Tuesday: &#8220;If the 11 teams had to pay all their debts by the end of February, only ten cars would race in Melbourne.&#8221;<\/p>\n<p>The latest victim of the &#8216;crisis&#8217; is German Glock, who is now looking to rescue his career with BMW in the DTM series, after Marussia ended his &#8216;valid contract&#8217; as it seeks a driver with a dowry.<\/p>\n<p>&#8220;That&#8217;s the way of F1 at the moment,&#8221; the 30-year-old wrote on Twitter.\u00a0 &#8220;I hope it will change again soon because like this it has nothing to do with sport.&#8221;<\/p>\n<p>Of the growing power of &#8216;pay drivers&#8217;, Felipe Massa said on Tuesday: &#8220;Honestly, this is not a great thing for formula one&#8221;.<\/p>\n<p>The solution, according to Sauber&#8217;s Monisha Kaltenborn, is to cut costs drastically and urgently.<\/p>\n<p>&#8220;If it doesn&#8217;t happen soon,&#8221; she is quoted by Switzerland&#8217;s Blick, &#8220;then this sport will be in very dangerous times.&#8221;<\/p>\n<p><em>\u00a9 RIF | GMM<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talented drivers are proving the victims of a financial crisis in formula one, according to media reports. Major newspapers like Germany&#8217;s Bild, and specialist outlets including Auto Motor und Sport, say the sport is &#8220;sick&#8221;. &#8220;Only the top four &#8211; Red Bull, Ferrari, McLaren and Mercedes &#8211; are having no problems,&#8221; said Bild. Auto Motor &#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":[5262,5340],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/17641"}],"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=17641"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/17641\/revisions"}],"predecessor-version":[{"id":17642,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/17641\/revisions\/17642"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=17641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=17641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=17641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}