It will be F1 as we all know it, but much less expensive - Mosley

Yesterday the radical cost-cutting measures, earlier this week agreed between Mosley and the team, have been ratified during the World Motor Sport Council. According to Mosley, the measures that will be taken are a double success for F1 as they will secure the future of the sport and as they will not rob it any of its appeal.

Max Mosley, President of the FIA, stated to the 'Press Association': "It's a major step forward. Obviously there is a crisis because of the falling car sales with the major manufacturers, and nobody knows if it will get worse before it gets better. We need to take care of that contingency.

"If a miracle happened and the whole world situation sorted itself out in the next couple of months, then all that would happen would be the teams would make a profit. But what's significant about these changes is when you walk down the pit lane, or you sit in the grandstand or watch on television, you will notice no difference at all. It will be Formula One as we all know it, but clearly much less expensive."

The drastic cost-cutting measurements don't only represent a good thing for the sport as the reduction of costs will inevitably bring a reduction of employees.

Mosley continued: "What the teams are saying is what they will try and do is bring in-house a lot of work that they currently contract out. But inevitably, in any industry, if you reduce the costs then you reduce the number of people.

"There are some obvious immediate losses because at the moment they take people to every race to do nothing except spot the fuel and tyres of the other teams. Those people will disappear because they're now going to share the information.

"But unfortunately, job losses, that's just part of cutting costs. But if you see it from the other point of view, they currently employ between 700 and 1000 people just to put two cars on the grid. In any event that is not sustainable. Even if nothing was wrong with the economy worldwide, it couldn't possibly operate at that level for very long."