(Clement Marin - DPPI Renault Sport F1)
The smaller teams involved in Formula One are disappointed that the FIA have decided to do away with the proposed cost cap which was due to introduced to the sport ahead of the 2015 season.
Since entering Formula One in 2010, Caterham and Marussia have so far failed to secure a single championship point and in the sport point's mean prize's because the more point's you score during the season the bigger slice of the financial pie a team will get.
After being granted entry into Formula One for the 2010 season the HRT Formula One team was forced to close before the start of the 2013 season after failing to secure the sufficient funding to race in the sport last year. In recent year's a number of team's have been force to close. Back in 2002 the Arrows Grand Prix team went into liquidation and was forced to close. The team's old base in Leafield is now hope to the Caterham F1 Team.
It's not just the privateer team's who have left the sport but manufacturers have also left the sport. Toyota left Formula One in 2009, due to the fact that the team were not returning the on track performances for the investment that the company was putting into the team. The team's wind-tunnel in Cologne is still used by a number of current team's most recently by Ferrari while their own wind-tunnel was being re-configured last season.
BMW also pulled out of Formula One at the end of 2009 and sold the team back to Peter Sauber after purchasing it back at the end of the 2005 season. Honda also pulled out of Formula One back in 2008, however the Japanese manufacturer as we all know will return to Formula One as an engine supplier with McLaren next season.
The way the sport is at the moment, the likes of Caterham and Marussia are unable to compete with the likes of the big budget team's despite the fact that there is the new formula in the sport with 1.6 litre V6 turbo charged power units.
Only now are the likes of Sahara Force India able to compete with the big spenders of Red Bull, McLaren, Mercedes and Ferrari. The Silverstone based team achieved their first podium at last since 2009 at last weekend's Bahrain Grand Prix.
Even Mercedes, who are currently a power house of Formula One admitted this week that they would have pulled out of Formula One at the end of last season had the sport not pushed ahead with the reduction in the engine size in F1.
©Ben Johnston 2014