http://www.timesonline.co.uk/tol/sport/formula_1/article6150457.ece
Bernie Ecclestone, Formula One’s billionaire commercial rights-holder, has cut through the recession to offer £30 million in aid to put three new teams on the grid next year.
His generosity, encouraged by necessity with the threat of more leading manufacturers fleeing the sport as the credit crunch bites, could bring one of the most famous names in British motoring into Formula One — Aston Martin.
David Richards, Aston’s chairman, is waiting for Max Mosley, president of the FIA, motor sport’s world governing body, to push through next week radical financial reforms that will cap the annual budgets of teams at £30 million. If Mosley gets his way for the start of a cut-price Formula One — and the president is most persuasive — Richards will push the button to enter a new team next season.
Bernie Ecclestone, Formula One’s billionaire commercial rights-holder, has cut through the recession to offer £30 million in aid to put three new teams on the grid next year.
His generosity, encouraged by necessity with the threat of more leading manufacturers fleeing the sport as the credit crunch bites, could bring one of the most famous names in British motoring into Formula One — Aston Martin.
David Richards, Aston’s chairman, is waiting for Max Mosley, president of the FIA, motor sport’s world governing body, to push through next week radical financial reforms that will cap the annual budgets of teams at £30 million. If Mosley gets his way for the start of a cut-price Formula One — and the president is most persuasive — Richards will push the button to enter a new team next season.