Formula 1 boss Bernie Ecclestone admits that he knows what is going wrong in the sport's finances but does not know "how to fix it".
According to the BBC, he said that he was responsible for the financial problems that are affecting some smaller teams in the sport.
Marussia and Caterham have gone into administration, reducing the grid for Sunday's US Grand Prix to 18 cars.
Their collapse has caused anger among some surviving teams, who say the sport's revenues are not split fairly.
Ecclestone said that there is too much money being distributed badly which was probably his fault.
