Mosley considers promotion and relegation

Max Mosley has said that promotion and relegation are likely to be introduced to Formula One in two years time. The Motorsport Chief is keen to bring financial stability and reduced costs into the sport - and add some new interest and a better structure.

Max Mosley "It is one of the new things we are looking at and it would be nice because it is necessary. Promotion, and relegation, would add a huge amount of new interest."

Mosley's plan would see Formula One moving its bottom team, or two, to a 'second division' competition created out of the current GP2 series, which would, in turn, supply replacement promoted teams.

"It is natural and it would be very stimulating for everyone. But first we do have to get the costs fully under control so that promoted teams, quite possibly smaller, independent teams, could afford to make the step up into Formula One."

Mosley wants to cut Formula One budgets from £250m to about £65m - a figure he believes an ambitious and successful promoted junior team could find.

"They will already have some success, an efficient management and sponsors. And they will gain more money, from the commercial side of Formula One, when they go up - thanks to Bernie Ecclestone's increase in payments - and should also find extra sponsors."