News Details
'I don’'t know how to fix F1 finances'
Formula 1 boss Bernie Ecclestone says he is to blame for the financial problems afflicting some of the smaller teams in the sport. Marussia and Caterham have gone into administration, reducing the grid for Sunday's US Grand Prix to 18 cars. Their collapse has caused anger among some surviving teams, who say the sport's revenues are not split fairly. Ecclestone said: 'There is too much money being distributed badly - probably my fault.' He added: 'Like lots of agreements people make, they seemed a good idea at the time. I know what's wrong, but don't know how to fix it.' More to follow.
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