Ecclestone wants just ten teams in F1

By Ubaid Parkar, 16 December 2012
© AP Photo/Ross Land

Although next year’s grid is expected to lose one of the 12 current teams, Formula 1 boss Bernie Ecclestone doesn’t mind if the sport were to shed one more.

Financially-troubled HRT didn’t feature on the entry list for the 2013 season suggesting that the Spanish squad’s tryst with the sport has come to an end.

Formula 1 fielded 12 team, and consequently 24 cars, since 2010; a number which Ecclestone believes is a bit too much.

"I'd rather have ten. I never wanted 12," the 82-year-old told Reuters. "It's just that ten is easier to handle, for the promoters, for transport. We'd rather have ten... so long as we don't lose Ferrari."

Ecclestone added that he doesn’t expect HRT, which was put up for sale by owners Thesan Capital, to be rescued before the start of the next season in March.

According to Formtech Composites, a supplier of components to several F1 teams, HRT owes the firm and others “a substantial amount of money” and had been offered 30 pence for “every Euro owed across their entire creditor list, with no room for negotiation”.

HRT had initiated liquidation procedures on 12th November, 13 days before the end of the season, and adopted “misleading information tactics” that suggested that the team was now owned by a Luxembourgian Fund, limiting Formtech Composites’ “possibilities of finding a viable way to chase the debt further”.

 

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