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Ecclestone says new teams proof budget cap won't work

10 March 2010 @ 16:30 GMT - Roger Loop

F1's commercial rights holder Bernie Ecclestone says the new teams are proof that $5 million Euro budget cap is not enough to run a competitive team. The Ferrari team recently criticised the new teams for their slow pace during testing.

Another big issue is the new HRT team who has not even turned a wheel, but is allowed to race this weekend. "Ferrari is right," he told a German newspaper.

When the new teams signed up they did so under the budget cap rule, but that did not become a reality. It is mainly due to Ferrari president Luca di Montezemolo who led the war against the budget cap last year.

"I always warned that a budget limit would not work. Now the new teams find that their budgets are not sufficient," he said. The garage doors of the new HRT team were not opened at all on Wednesday at Bahrain.

The team's rookie driver Bruno Senna says team will concentrate on installation laps during Friday's two free practice sessions. "We can think about the setup early on Saturday. I just hope we can get the car onto the track and eliminate as many problems as possible," he said.

Bernie Ecclestone