Try and find the RRA?
What is the Resource Restriction Agreement (RRA)? Try Googling it, try searching the mainstream F1 media sites, try Wikipedia, try even asking senior team F1 personnel. There’s plenty of articles to be found where F1 people are for it, against it and mostly there is an agreement that costs should be controlled. Yet there is nothing out there that defines the scope of the RRA.
Formula 1 has in the past been most profligate in the area of spending. Rumours have it that Ferrari in their dominant era were spending $100m a year on tyres that were bullet proof. Honda allegedly spent $1bn during 2008 on the present car and the design of the 2009 car. Ironically following Honda’s last minute withdrawal from the sport at the end of 2008, the car they had designed for 2009 won both WDC and WCC titles under the badge of Brawn GP.
At the other end of the spectrum teams have regularly run out of money and ceased to exist and even more that sell out and change their names due to funding problems. In the last 10 years alone, these teams have gone from the Sport: Jordan, BAR, Renault, Jaguar, Arrows, Minardi, Toyota, Honda, BMW-Sauber, Midland, Super Aguri, Spyker, Brawn and Virgin. So the casualty rate is high, and its mostly to do with a lack of funding.
