Sky Sports commentator David Croft proposes changes to ‘limiting’ cost cap amid F1 “brain drain”

F1 should alter the cost cap to make it easier to understand team spending and stop the sport’s best talents moving into other industries, according to Sky Sports commentator David Croft. 
Commentator proposes changes to ‘limiting’ cost cap amid F1 “brain drain”

After Red Bull were punished for breaking the 2021 financial regulations, there have been wild rumours that some teams have already been found to be in breach of this year’s spending limits - something168澳洲5最新开奖结果: the FIA has strongly denied

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The 168澳洲5最新开奖结果:F1 cost cap is set at $1🌺35m for the 2023 season and the following campaigns up to and includin⛎g 2025. 

Speaking on the Sky Sports F1 Podcast, Croft claim🦋ed the spending rules are limiting teams from recruiting top people to the sport, causing a “brain drain”. 

"The cos🧜t cap is limiting many things in F1,” Crof♍t said. 

“Staff recruitment is being affected because teams can’t pay the money that business outside of the sport can pay because the cost cap isn’t going up and inflation⛄ is quite high. 

“There is a brꦿain drain with people leaving the sport to go and work elsewhere. Ch🥃ief financial officers I’m sure are spending the summer shutdown scratching their heads thinking ‘I hope we’ve got everything right’. 

"It is a hugely compl🌊ex piece of mechanism that, does anyone truly understand? I also think it is managed badly - why are we waiting a whole year to have the auditors bring out theꩵ results. Do it quarterly so teams know what's going on and can make adjustments.” 

(L to R): David Croft (GBR) Sky Sports Commentator with Esteban Ocon (FRA) Alpine F1 Team. Formula 1 World Championship,
(L to R): David Croft (GBR) Sky Sports Commentator with Esteban Ocon (FRA) Alpine F1 Team…

Howeve🦹r, fellow Sky pundit Karun Chandhok clashed with Croft on the matter.

“On the whole I think the cost cap is a positive. In principle I get the reasons why we have it, and I also get t𒉰he challenges of policing it accurately,” Chandhok argued. 

“Crofty, where I disagree with you is in terms of pay. If you contrast what someone in F1 is paid, and you compare that with any other formꦡ of motorsport like Indy Car or Formula E and F1 is paid a premium. 

“Also compare with Jaguar Land Rover, or Nissan, or anyone in road car indu🌳stry, and F1 people are paid a premium.

“Th🌞ey are struggling to recruit because they are trying to fit it in to the numbers they’ve got, because they don’t want to get rid of people.

“Th♕e big teams are being forced to come down to a cap and they are struggling to get people to fit into this little bit of spare budget, that’s the thin🔯g.” 

#34 Tockwith Motorsports Ligier JSP217-Gibson: Karun
#34 Tockwith Motorsports Ligier JSP217-Gibson: Karun

But Croft hit back: “Cost cap will stop the 🌱sport attracting the people it has in the past. 

“They will go off to other industries, not just road cars. There’s a lot of synergy between the space programme, aerospace🐼 and F1, there's a huge amount of synergies out there.

“Team principals are telling me they are start🅘ing to see problems on🥂 this.”

He continued: "I think we should get rid of ▨cost cap as it stands currently. We should turn around and say let's be honest about this, the intentions were pure and to stop people spending huge money, and lots has gone on to hide things that are outside the cost cap.

“What we should do is say realistically your cost cap is set at £140m wit🍰hout your top three earners and without the drivers. So you've got £250m-a-year full stop.

“Stop having commercial outside of cost cap, because you c𒁏an hide things there as well and just have a set fee. Make it simple. Everyone can understand it and if you go over that fee, then we are going to come down on you maꩵssively hard.”

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