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Whitmarsh: Majority of teams struggling
Formula 1 supremo Bernie Ecclestone explained earlier this week that every team involved in the sport is financially stable and 'richer than God', but according to McLaren Team Principal Martin Whitmarsh, the opposite is the case. With the economic crisis still hanging over the Formula 1 paddock, Whitmarsh says most teams will find it challenging to "have a viable business model for a few years." "It's tough," Whitmarsh explained to BBC Sport. "We're in the world of advertising and you only have to see how advertising is worldwide. The rate card is down. We have taken some measures, but I think it's going to be tough for some." Whitmarsh believes the teams are...
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12y ago from GPUpdate.net
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