Since 2021, F1 teams have had to operate under a budget cap limit which was introduced to put grand prix racing on a more stable financial platform.
The evidence of the past few years is that the grid overall has closed up, especially because previous big spenders have not had the luxury of throwing more money at added performance to help them pull clear.
But while a closer grid overall has been positive, one of the unintended consequences has been that teams are now more limited in making amends for mistakes with their cars – as they no longer have the spending power to invest in extensive revamps.
This has been especially highlighted this year when both Mercedes and Ferrari knew that their 2023 car concepts were no match for the dominant Red Bull RB19 – but were unable to make the kind of overhauls that would have been possible under open spending rules.
Reflecting on the impact of the cost cap, Tombazis said that the gains it had delivered had not been without some downsides.
“The problem with the financial regulations is, on the one hand, they do mean that somebody can't spend three times more than somebody else, which is good,” he said.
“But on the other hand, they do also mean that if you're behind somebody, you can't just throw everything at it and make an upgrade.
“In older times, some teams would occasionally start a season and be in a really quite bad place, because they would have maybe messed up the project or concept or whatever. They arrive and are humiliated for the first few races.
“I've been involved in such a situation, but then you just make a massive upgrade package for Barcelona for Canada or something, and you'd virtually redesign the whole car like crazy for three or four months and then be winning races during the season.
“The [current] financial regulations limit the amount of upgrades you can do. So, if somebody is further back, the recovery can be quite long and painful.”
Source: Autosport