Vijay Mallya - 'I think it is very necessary that all the important stakeholders sit across the table and find a viable solution' © Sutton Images Enlarge Related Links News:

CVC accused of 'raping' Formula One



Force India co-owner Vijay Mallya has accused some of Formula One's biggest teams of caring only for themselves and not the overall state of the sport in general and the survival of the smaller outfits in particular.

Reports in media on Monday said that F1 faced a massive rise in costs - estimates go as high as $2 billion - over the next seven years and Lotus, rated as one of the more successful operations, ran up losses of $80 million in 2012.

"Rather than reducing costs, one or two teams have decided winning at any cost is more important than the sustainability of the sport, so there is no resource restriction that is implemented, quite contrary to the fact that costs are going up," Mallya told formula1.com, the official website, in what was a comment aimed at Red Bull and Ferrari, who have both consistently refused to accept spending controls.

"If you only want three or four teams in Formula One running three cars each, you should proceed in the way it is now. But I think [it] also needs the smaller independent teams as well, so everybody must also look at the common interests, not only the individual interests.

"Whether it is the commercial rights-holder, the FIA, or the teams themselves, I think it is very necessary that all the important stakeholders sit across the table and find a viable solution."