Saturday, January 29, 2011

Budget deadline still looms for teams

Uncertainty over whether any Formula 1 teams did overspend last year will remain until at least early March, Ferrari team principal Stefano Domenicali believes, with the final deadline to submit budgets still several weeks away. The last few weeks have been full of speculation that some outfits - including world champions Red Bull Racing - may have overspent in 2010 and therefore breached the terms of the Resource Restriction Agreement (RRA). Although it had been thought that suspicions above overspending had been fuelled because accounts had been lodged with the Formula One Teams' Association (FOTA), the final deadline for doing so is until the end of February

Source: http://www.inracingnews.com/formula-one-news/f1-formula-one-news/budget-deadline-still-looms-for-teams/

R3 Motorsports Chevrolet Mike Wallace JD Motorsports Chevrolet Hermie Sadler III Virginia Commonwealth University Ford Brian Scott BigSpot com Toyota Carl Long

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