Former FIA president Max Mosley has called for an overhaul of Formula One and claimed that in its current structure the decision-making is ‘completely wrong’.

In an interview with BBC television to be broadcast late on Saturday, the Briton, who was the head of the International Motoring Federation (FIA) from 1993 to 2009, told former team owner Eddie Jordan that “there are clearly things wrong”.

Jordan interviewed Mosley for a special feature to be aired shortly before qualifying at the Canadian Grand Prix.

“Four of the teams haven’t got enough money and other teams have so much money they waste a lot of it,” Mosley is quoted telling Jordan.

He described the current governance, in which small teams are not involved in much of the decision-making, as completely wrong.

“I would bring in a second set of rules – run under current rules or a second set on condition you operate under a cost cap,” he added.

“Because you have more freedom your car would be as quick as the expensive teams. Then you’d get very competitive racing and the smaller teams wouldn’t be in as much financial trouble.”

Last year, Ferrari was reported to have earned $US164 million ($A213 million) and Red Bull $US156 million, while Marussia and Sauber each received only $US48 million.

“Income should be distributed equally,” according to Mosley, who added: “Bernie (Ecclestone) says that is communism and the big teams would be against it, but it is a sport and sport demands a level playing field.

“If you’re giving one team five times as much as another team that is not a level playing field.”