F1: Mosley warns more teams could soon fall

Former FIA President Max Mosley made an F1 cost cap a key part of his agenda – but his plan for a budget cap of £40 million [$65m] was scrapped after he was replaced as president of the governing body by Jean Todt in 2009. However, the financial issues Mosley insisted needed to be addressed have continued and, he told Britain's BBC Radio 5 Live, the process of revenue sharing in F1 must be addressed if more teams are not to join Caterham and Marussia in bankruptcy.

"In the end, they [Caterham and Marussia] were bound to drop off, and they may not be the last," Mosley said. "It's not a fair competition anymore. The big problem is that the big teams have so much more money than teams like Caterham and Marussia. From a sporting point of view, the sport should split the money equally and then let the teams get as much sponsorship as they can.

"A team like Ferrari will always get more sponsorship than Marussia, but if they all get the same basic money then they all start on a level playing field – particularly if you have a cost cap where you limit the amount of money each team is allowed to spend."

Caterham and Marussia – who both launched in 2010, having applied for F1 entries in the belief that Mosley's budget cap would be implemented – are believed to have been operating on a budget about one-third the size of top teams Ferrari, Mercedes and Red Bull, who are tipped to be spending more than $300 million a year.

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