Giancarlo Mindari, former boss of the much-loved Formula One team Minardi, has declared Formula One's system of introducing and maintaining new teams in the sport a failure and has called for a rethink.
Manor have been forced to quit the sport having gone into administration during the off-season and failing to find a potential buyer. Minardi has blamed the introduction of the V6 engines in 2014 as the key factor in struggling teams failing to keep pace and survive in the sport: Marussia, Virgin Racing and HRT are three teams who have all folded during the past three seasons.
Minardi said: "In recent years F1 chose the road of technology, in other words to make Formula 1 the maximum expression of technology with the introduction of the power unit, and this has led to a big increase in costs".
Minardi, just like Manor Racing, were perennial back markers on the grid and lasted twenty years before calling it a day in 2005 owing to financial constraints. During that time, the Italian team chalked 38 World Championship points onto the board, with their two major highlights being a front-row start at the 1990 United States Grand Prix, and briefly leading a lap during the 1989 Portuguese Grand Prix.
The tiny outfit, referred for their quality of cars despite financial limits and poor engine power (as a result of lack of funding), nurtured several talents including Fernando Alonso, Giancarlo Fisichella and Mark Webber during its twenty year stint.