Date: 2nd July 2014 at 9:10am
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Formula One supremo Bernie Ecclestone has expressed his vision of an eight team Formula One competition running 24 cars.

Despite talk of two new teams entering Formula One, the sports boss wouldn’t be bothered if the grid actually shrank in size as he feels it would be better to see the likes of Ferrari, Mercedes, Red Bull Racing and McLaren run a third car.

‘I’m ready for a Formula 1 with eight teams with three cars each. Ecclestone told Gazzetta dello Sport as quoted by Autosport Magazine.

‘Is it better to have a third Ferrari or a Caterham? Ferrari could maybe find new sponsors in the USA and an American driver: fantastic. It is the same for the others.

‘Take Caterham: it has invested lots of money and it would need just as much, so it looks for paying drivers. What for, since it has never been competitive?’

The idea of three car teams has been discussed before and like many of Ecclestone’s proposals has proved unpopular with the watching public.

The thought of only eight teams on the grid would certainly sadden the majority of spectators who believe it would go against the spirit in which Formula One has developed.