Formula E boss Alejandro Agag talks Formula 1. Alejandro Agag opens up on all things Formula 1 and Formula E.

In an exclusive interview with RaceFans Alejandro Agag, Formula E’s founding CEO and now also its chairman, opens up on all things Formula 1 and Formula E.

“For me, the key of the whole architecture of the championship is the rule of supplier and client,” Alejandro Agag, as reported by RaceFans, referencing the series’ regulations which require manufacturer teams to supply technology at a given price upon demand from independent teams.

“That is the [key] that will guarantee the survival of the independents. The key is that that system works, but not only works to allow a team to survive, it has to work to allow a team to win. That’s what’s necessary. I don’t believe that [there must be teams] to fill the last places of the grid [in order for manufacturers to look good]. Those teams that are there because Mercedes cannot come last. [If] you only have Mercedes and Red Bull, one of them comes last, so you need other people to come last. I don’t believe in that. I believe that every team should have a chance to win without having to spend a multi-million budget or being with a big car manufacturer.” – he explained – “So for me, for example, what happened last year with Techeetah, it’s the exact example of what I want. And Techeetah was operating at a much lower budget than other teams, but won the drivers’ championship [with Jean-Eric Vergne]. Audi won the team championship. And [Techeetah] were a client; Renault, their supplier, was two positions behind them. As long as we keep that, I think the championship has very strong chance to control the budget in a kind of natural way. Budgets are always difficult and teams never tell what they do, and they’re spending now significant amounts of money on marketing and other things, and they pay more to the drivers. But you can run a team for between €10-12 million in the championship, if you’re a client.” – Alejandro Agag, Formula E’s founding CEO, concluded.

Former Formula 1 World Champion Damon Hill took to Twitter to say ‘I wish this guy could get a hold on F1’.