Crisis solution in sight

Author of the article: , published on November 4, 2014.

Lotus team boss Gerard Lopez has revealed that smaller Formula One teams will receive a financial injection to survive.

Teams Lotus, Force India and Sauber have threatened to boycott the race ahead of the US Grand Prix as they are unhappy with the distribution of money that Formula One earns from the sale of television rights and then pays out according to the constructors ’championship rankings.

“I think we can solve the crisis, most likely before the race in Brazil,” Lopez said. “I know that Formula One commercial rights holders, CVC and Bernie Ecclestone are already working on a solution. It is supposed to be a basic payout for smaller teams. This will ensure a normal work budget.

We at Lotus don’t have a fast car this year, but we finished at the U.S. Grand Prix ahead of McLarn and Ferrari, proving that Formula One doesn’t have to spend 300 or 400 million.

It is not a complicated solution. All it takes is the will. The sum we are talking about is not so big when you divide it among the teams, ”said Lopez.

Photos: Lotus

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