( CNN ) -- The chief executive of Formula One team Sauber has backed recent calls for a budget cap saying that it would make the sport `` more interesting . '' `` In my view , the future should indeed lie in some kind of budget cap under which each and every team could do what they want to , because we all have different strengths , '' Monisha Kaltenborn , CEO of the Swiss-based team , said in an interview with Formula1.com . `` How much longer will it take for the big teams to understand that the smaller teams are just as important to Formula One as the four big ones ? '' Prior to the season opener in Australia last month , F1 supremo Bernie Ecclestone told the sport 's elite teams to cut their spending , while suggesting a mandatory budget cap could be introduced . `` The teams have to learn to be competitive without tons of money . They have to refocus again on the basics -- on racing , spending on the sport -- and not on baronial motor homes and all kinds of entertainment , '' Ecclestone told Formula1.com . The division of prize money and television revenue in F1 is dictated by the Concorde Agreement , a contract between the sport 's governing body , the FIA , the rights holders and the Formula One Teams Association ( FOTA ) which is due to expire in 2013 . Ecclestone is keen to explore the possibility of restricting teams ' spending in the future . `` I would welcome it , '' he said . `` Yes , I think it could happen . We are in the middle of discussions ... They ( the teams ) want to get more money -- to be able to spend more ! '' he said . Monisha Kaltenborn : The woman racing ahead in F1 . Kaltenborn is hoping to see a `` major step forward '' soon . `` When the current Concorde Agreement comes to an end at the end of this season , I think it would be a good time to set some kind of rules , '' she said . The Sauber team has started the 2012 season impressively with 22-year-old Mexican driver Sergio Perez claiming second place behind Ferrari 's Fernando Alonso at the Malaysian Grand Prix . After what Kaltenborn described as `` painful '' second half to last season , she says the team is now settling down after the departure of manufacturer BMW at the end of 2009 . `` I certainly hope we can keep up this momentum ! I am pretty confident that we are moving in the right direction and hopefully we can maintain this level , '' she said .
Sauber team CEO calls for budget caps for Formula One teams . Monisha Kaltenborn says `` some kind of budget cap '' would make the sport `` more interesting '' F1 chief Bernie Ecclestone said in March that elite teams need to cut spending . Sauber enjoying a strong start to 2012 season with second place at recent Malaysian Grand Prix .