Ecclestone believes F1 budget cap workable

Bernie Ecclestone (GBR) CEO Formula One Group (FOM). Formula One World Championship, Rd 17, Indian Grand Prix, Buddh International Circuit, Greater Noida, New Delhi, India, Qualifying Day, Saturday 29 October 2011.Oct.1 (GMM) Formula One chief executive Bernie Ecclestone insists that a budget cap for F1 teams is workable.

This despite the fact that when the idea was proposed by former FIA president Max Mosely a few years ago, the teams banded together and threatened to quit the sport.

But Ecclestone has now told the Sunday Express newspaper that working to an imposed maximum budget is “the direction people are going in. It is workable”.

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