Formula One's rich-poor divide
Current crisis at F1 is caused by individual contracts by which too much money is distributed too poorly
New York
THE withdrawal of two cash-poor Formula One teams, Caterham and Marussia, reduced the starting grid to 18 cars in last weekend's US Grand Prix in Austin, Texas. And Sunday's Brazilian Grand Prix at the Interlagos circuit outside São Paulo was reeling under the threat of a boycott by three other struggling teams, Sauber, Force India and Lotus.
The financial situation has prompted Formula One to do some soul searching, as it has periodically done throughout its history.
TRENDING NOW
Green fuels, autonomous ships: How Singapore is future-proofing its shipping industry
US trade chief to consider trade deal tariff caps in excess capacity probe
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
Deal between tycoon friends sparks scrutiny of Philippine power sector
