Fernandes optimistic about the future of F1

Present in Monaco for the Motor Sport Business Forum, Tony Fernandes, director of the Lotus F1 team, thinks that the current period is favorable to be in F1 despite the withdrawal of manufacturers.

Published on 09/12/2009 à 18:35

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Fernandes optimistic about the future of F1

As part of the Motor Sport Business Forum, a congress of players and sponsors of motor sports, which is being held on Wednesday and Thursday in Monaco, Tony Fernandes took stock of the situation of his team, Lotus F1, while maintaining that the period was ideal for getting started Formula 1.

« There are opportunities and I think things are going in the right direction. Costs are coming down and I still think this sport is extremely successful “, said Fernandes, director of Lotus F1 Team.

With one of the lowest budgets in the field, Lotus F1 Team is one of the new teams that will participate in the Championship in 2010. ? We have a budget of 60 million euros this year to run the team. This requires restrictions on costs. “, he continued. " We think we have a very reasonable car. We know we are not going to be competitive the first year. It takes time but we have a good basis to move forward,” Fernandes concluded.