In the fifties, sixties and to some extent even the seventies, Formula One racing was simple. Enthusiasts representing manufacturers and teams got together to build state-of-the-art racing cars which met the rules set by the ‘Formula’ and raced against each other. Racing was mostly on historic European circuits, and car makers stood a good chance of selling more cars when they won on Sunday afternoons. When the costs of car development mounted, a new breed of teams with huge financial backing sprang up. They used new-age metallurgy and tyre technology to take Formula One to a level where it became impossible for just any old bunch of enthusiasts to build cars and race them competitively. And so it was that Bernie Ecclestone made use of his tobacco millions and created the highly-televised, money-spinning circus that the world knows as Formula One today… Details
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