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Entry fee may be abolished

Reports suggest that the $48 million Formula 1 entry fee might be reduced or even abolished in order to attract more teams to the grid.

Max Mosley, president of the FIA, has suggested the fee change in response to a reduction in the number of teams in recent years. The fee was introduced in 1999 to ensure that the teams wanting to enter into Formula 1 are organised properly with the relevant funding but many believe that the fee is too much of an obstacle for new teams, particularly independent teams, who want to enter the sport.

Mosley said “The 48 million was to stop new teams coming along and saying ‘I want an entry’ and then going around looking for a sponsor. If somebody serious came along now, everybody could agree to reduce the sum of money or eliminate it completely.”

Reporter: michelbugeja @ rabatmalta.com

06/03/2003 sports

Source: formula1 @ maltaweb.biz

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