Malaysian businessman Tony Fernandes has acknowledged that his project in the Formula 1 failed.
In 2010, the co-owner of airline AirAsia founded his own team called Team Lotus, which was later renamed in Caterham. Like other newcomers Marussia and HRT, stable lasted a few seasons, and not being able to break out of a number of outsiders, and ceased to exist.
“The experience of participation in the Formula 1 became for me a disaster. We did not the best way, said Fernandez in a radio BBC. But my machines are on the same starting grid with McLaren, Ferrari and Frank Williams, who is my hero.
Unfortunately, it’s true that large teams are not willing to make concessions to help survive small groups. Max Mosley [the FIA President until 2010] promised that the cost of participation in the championship will be reduced by half, but this did not happen and costs only continued to grow.
Eddie Jordan in his time was able to create a team and a year later to win the race. With me it was impossible. Now engineers and manufacturers began to play a key role in the sport, the result of the race was similar to the train.
Also sad to see that many drivers get into F1 just because of money, but the really talented guys are forced to find a place in other categories.”
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