My Bottom Line: Max Mosley, former FIA president
Max Mosley is the former president of the Federation Internationale de l'Automobile (FIA) - the governing body of Formula 1.
Max says Formula 1 could be run at a fraction of its current cost if teams did not insist on spending large sums on money making minor alterations to cars and components. At present, only the top Formula 1 teams turn a decent profit, leaving others to struggle financially.
Teams would be more financially stable if spending limits were imposed on teams, but profit is not the point of Formula 1, says Max - winning is the only thing that counts.
Max appeared on The Bottom Line which is broadcast on 大象传媒 Radio 4 and 大象传媒 World Service. Listen again via the download or watch it on the 大象传媒 News Channel.
Find more business wisdom from other chief executives on the My Bottom Line website.
