@spadeflush
With a username like spadeflush, I'm guessing you know a little something about poker. I have a perfectly workable plan to improve F1. Unfortunately, every time I have mentioned it there has been no discussion or feedback at all, not even negative comments. I will run this by you (in this public forum) and let me know what you think.
The key is the concept of pot odds. Economically speaking it is risk vs. reward.
Players will only wager so much to win a prize of any size. The size of that maximum wager may vary from player to player, depending upon the strength on ones hand and the size of his pile of chips. None-the-less, each player sees the size of the pot, and assesses the risk vs. the reward and makes his wager accordingly.
In 2013 the payout for the F1 World Constructors Champion was $168 million according to bleacherreport.com. With the financial support provided by sponsors, it is possible for a top team to spend well in excess of $168 million, and still turn a tidy profit.
At the same time the team that reaped the least financial rewards only took in $14 million. (Bleacherreport.com). The second to last team, in terms of prize money took in $35 million (bleacherreport.com). It the lower tier teams can only hope to win $35 million, and have limited sponsorship due to lack of TV time, their financial risks will be made according to those restrictions.
While this scenario may be great for the poker player with the bigger pile of chips, however in racing it is important to keep competitors in the game. (Bernie Eccelstone does not seem to understand this point). Without racers, there is no race. If the prize money for the top team is reduced, the top tier teams will not be motivated to risk as much money for the smaller prize. They can still make any financial, and technological decisions they wish, and they will do it with their own tolerance for risk and reward in mind. I prefer to think of this as organic price control, as opposed to the silly artificial ploys like testing bans...etc.
A reduction of the payout ratio would create more competition from the front to the middle of the field. All of that money buys a lot of computer time, wind tunnel time, simulator time...etc. As the budgets of teams become closer together, the advantage provided solely by financial might will be reduced. Then the wits of the engineers and the skills of the drivers will return to prominence.
Now with some financial balance among the competition, the regulations can be relaxed, allowing the engineers to show their stuff. The development of new technologies will still cost money, but rather than FOM dictating what technologies to develop, that decision will be based upon each teams assessment of their own risk and reward.
http://bleacherreport.com/articles/1955 ... per-season