´óÏó´«Ã½

Formula One is in the United States this weekend for the Grand Prix in Austin, Texas, but many people will be asking what state the sport is in.

Talk of a financial crisis in Formula One is nothing new, but the absence of back-markers Caterham and Marussia from this week's race after they went into administration has concentrated minds. For the first time since 2005, there will be only nine teams in the paddock and some of them are competing in difficult circumstances.

Lee James got the views from someone who knows about what the financial constraints can be like on the Grand Prix Circuit, the former owner of the Minardi Formula One racing team Paul Stoddart, and our Formula One reporter Jennie Gow.

Image: Getty Images