Max Mosley, the FIA president is determined to cut the costs of competing in the sport of F1. Setting up a budget cap is the right place to start with.

At this point, teams are spending many millions of dollars every year with some of them spending hundreds of them. This has to stop.

“It's absurd that teams spend vast amounts scratching around for tiny gains, running wind-tunnels night and day, using huge amounts of power, to find a tenth of a second can't be justified. That's what's so sad about F1 at the moment”, he told an F1 news media.

“But thinking of something really clever which doesn't cost a lot of money is one of the skills of engineering. The attraction for me of the cap is that it gives you the maximum freedom without giving you the maximum budget”, he also added.
Mosley thinks that the cap will help manufacturers currently racing to stay in the sport.

“One of the big manufacturers said if we can get the budgets down, so they are not having to spend €200m, but €50m or less, they'd be in the sport for ever. But if they keep on having to spend big, they have to be winning, and clearly they can't all win”, he said.

The president also reminded the teams that they will have to cut down their produced downforce by half, for the 2009 season. Should they fail, he will have to do it himself by changing the compound of the tyres produced by Bridgestone.

“Teams are supposed to reduce downforce on their cars by 50% for 2009, which should make overtaking much easier. All that complex bodywork works very well in still air, but once in another car's slipstream, it doesn't work," he said.

"But I've seen it all before, and I'm deeply suspicious the 50% won't be 50% when the time comes. But because we control the tyres, we can just reduce the grip. I can say to Bridgestone, 'Make them harder'. If we went far enough with that, the cars would start sliding around again.”