Force India team principal Vijay Mallya has backed the FIA’s drive to reduce costs in Formula One in a bid to ward off the threat posed by the global economic downturn.
Mallya’s second season as a team owner gets under way amid great upheaval in the sport, with the world governing body eager to slash budgets in F1 by as much as 80%.
“I support the initiatives totally,” said Mallya.
“For existing teams it is crucial to make budgets go further, but if the sport is to attract new teams and sponsors, it has to be feasible from a financial point of view, particularly in these hard times.”
“If costs spiral out of control, it will make it nigh-on impossible for anyone to justify entering the championship.”
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