Originally Posted by Mattk
I'm not convinced cost-cutting in principle will benefit F1. It's the place where you'd expect lots of spending to occur. It's betraying its historical origins; a place for rich folks to show off their fast cars. So what if it's a financial crisis? The wealthy teams will still want to spend big.
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Spending $200m /year is still spending big.
The "rich folk" you refer to didn't get rich by blowing cash. F1 can be, and is treated as an investment, alongside all the glamour that you see. It is a commercial enterprise and each team participating has its own agenda how to benefit from their own involvement.