MIA CEO Chris Aylett was recently asked to contribute to the following piece which recently appeared in TIME magazine:
Formula One racing is a bit like evolution governed by an appeals committee: winning races has long relied on engineering innovations that give a race car that extra microsecond advantage, while the teams left in the dust cry foul and demand that the sport's governing body, the Federation Internationale de l'Automobile (FIA), rule those innovations out. FIA supremo Max Mosley had hoped to tamp down what he calls the sport's "financial arms race" by imposing a $66 million annual spending cap on teams, but instead he appears to have provoked a walkout that could see some of the sport's major names, such as Ferrari and McLaren, create a rival championship with fewer restrictions — and take the sport's lucrative TV audience with them.
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