Formula 1: Forgiving ambitions, and mergers & acquisitions

RachF1

Although, we do believe that Lotus are improving on their on track performances as well, their budget, however, is relatively short, and they lack in the resources, as compared to their Austrian rivals. Nevertheless, things like these would prove that teams play a significant role then one would imagine.

Over the years, we have learnt of those famous teams that ruled the sport, but again, any team that is taking part in Formula 1, possess plenty of attributes that is important for their survival. All the teams are here to win. Yes, we do know that, but then there are teams who survived the competition for years together, to an extent, failing to win a race for decades. They took part in the sport, yet season after season, they never lost the momentum or the golden touch that was required to take part in the sport, something, that most of the modern backmarkers have failed to inspire.

In the present world, surviving without success is difficult. No one cares about the history or the heritage that one possesses. It’s about that instant, and the recent success that mankind remembers, that’s how much the valuations are done in the sport.

Perhaps, these are something to do with the FIA, right?

“I could give all the teams another $20 million. But after a month, there’d be nothing left.” – Bernie Ecclestone

Quotes like that are pretty common from Bernie, whose decision sometimes seems to be a biased to particular teams. Marussia is one team who hasn’t signed the concorde agreement yet, although Bernie has quashed the rumours and has stated that the agreements are in place with all the teams, to which Marussia has confirmed that none of their board members have seen such a type of agreement.

It’s the lack of respect that the majority of the teams have been forced to deal with. In a normal world, the smallest or the poorest will get more attention, but in Formula 1, the rich, and the biggest, gets more attention to every detail of the sport. Small teams like Marussia always demand a level playing field, but no authority related to Formula 1 pays heed to their demands. It’s quite obvious why the small teams get no attention from the sport.

When a team gets no attention, or if lack of success continues to haunt them, they will be left with no option but to leave the sport altogether. It has happened in the past, and will happen in the future.

Will Bernie or the FIA care about these teams?

“We have agreements that require us to treat all the teams equally. They’re a good team and I’m sure there is more than one possible buyer. I don’t want to imagine F1 without Sauber. Ideally, they will find new sponsors in the long term, but even companies who are willing to support them in the short term would be fine. The team deserves to be helped. I don’t know exactly what their financial situation is, but I know it’s not as good as it should be.” – Ecclestone while speaking to SRF