Formula One screwed up on costs, says Caterham boss Tony Fernandes

PUBLISHED : Sunday, 22 September, 2013, 12:00am
UPDATED : Sunday, 22 September, 2013, 1:46am

Caterham boss Tony Fernandes said Formula One "screwed up" the chance to keep costs under control as teams face a dramatic escalation next year.

The Malaysian entrepreneur said teams failed to come together and make a concerted effort to keep costs down, and also agreed to the extra expense of introducing a new type of engine in 2014.

"I think the teams didn't get together. The teams had a wonderful opportunity to try and create a fair, equitable split so that the sport is sustainable," he said ahead of the Singapore Grand Prix.

"Teams looked at things on an individual basis as opposed to working together in Fota [Formula One Teams Association] and trying to find a win-win situation for everyone and create a very healthy environment in a sustainable sport. We screwed it up, it's as simple as that."

Fernandes has said Fota in-fighting was to blame for the failure to implement cost controls. Several teams are struggling, and HRT went to the wall last year.

Teams have recently finished negotiations for a new Concorde Agreement to govern the sport and decide how to share profits in coming seasons.

And with an eye on environmental concerns, they will switch to smaller, 1.6-litre V6 turbo engines and limit their fuel supply.

In the Lion City, Sebastian Vettel stormed to his fifth pole position of the season yesterday, as he strengthened his bid to leap closer to a fourth straight world title at the Singapore Grand Prix.

He timed a scorching 1 minute 42.841 seconds around the spot-lit Marina Bay street circuit to take first place on the grid ahead of Mercedes' Nico Rosberg. Lotus driver Romain Grosjean is third, ahead of Vettel's Red Bull teammate Mark Webber.