The FIA has issued Formula One team's with a deadline of the end of this month to come up with a sensible budget cap for next years world championship in relation to the Resource Restriction Agreement. I think this is a good idea in a way as it will help to level the playing field in a way. However I feel that the FIA and Bernie Ecclestone wield far too much power in the sport and how it is run.
That is why I believe that Formula One's flotation on the Singapore stock exchange is a great idea because it will mean that the team's will have a bigger say in how the sport is run as each team will be allowed to appoint a team member to the new Formula One board.
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