Posted on May 2, 2009


Yesterday I met with Max Mosley for a long interview which is in today’s Financial Times. He was in London briefly following this week’s world motor sport council meeting where the £40 million budget cap was voted through. I posted yesterday on the letters exchanged between him and Luca Di Montezemolo Ferrari president. Ferrari are very angry about the budget cap plans and the ‘two tier’ system which might see two classes of car racing in F1 next year. Montezemolo’s letter hints at a possible legal challenge to the plans. I asked Mosley whether F1 could survive without Ferrari. “It More…

Posted on May 1, 2009


In response to the letter Ferrari president Luca di Montezemolo wrote on April 28th to the FIA president expressing concern about having two classes of F1 car and about a possible legal challenge to the budget cap, Max Mosley wrote back the following day. He quotes FIAT boss Sergio Marchionne, with whom Montezemolo works closely and his belief that in an economic crisis such as we are in at the moment, only an extreme response will do, “We are just going to slam the brakes on, cut everything back to essentials. It may be painful, it may be ugly. But More…

Posted on May 1, 2009


Although Ferrari is refusing to comment on yesterday’s budget cap announcement, some letters between its president Luca di Montezemolo and FIA president Max Mosley have come to light. These show Ferrari’s concerns and hint at arrangements between Ferrari and the governing body, which Ferrari feel have not been honoured. On April 28th Montezemolo wrote to Mosley and other world council members, unhappy that budget caps had been put on the agenda of a meeting which was called to hear the McLaren case. He wrote, ” I have always been concerned about its introduction (cost cap) mainly because I consider that More…

Posted on March 22, 2009


In an interview with the Sunday Telegraph, FIA president Max Mosley has said that the £30 million figure, which was announced on Tuesday as the level for the budget cap due to be introduced next season, is merely the first round in a negotiation. “It is provisional. I actually think it could be done for £25 million but that’s just my opinion. All my advisers think it should be more. When people calm down a little bit they will see that all of this is brilliant for Formula One. It won’t hurt the DNA of the sport – £30 million is still More…

Posted on March 17, 2009


I nearly choked on my Rich Tea biscuit when the news came through about the £30 million budget cap voted through today by the FIA world motor sport council. The teams did likewise. They did not expect this after presenting such a unanimous front the other week in Geneva. Their confidence that their unified voice would be taken into account by the FIA, when deciding rules and policy, was misplaced. Instead Max Mosley has gone much further than the teams wanted to in stripping costs out of the sport. FOTA has just put a statement out which makes clear how More…

Posted on February 4, 2009


Today I went along to a lunch thrown by Max Mosley for a small group of journalists at the Poissonerie de l’Avenue, in South Kensington, London. The talk was, predictably, about the need for urgent cost cuts, the medals system, prospects for the season ahead, the future of the British Grand Prix, evidence of who set him up in last year’s sex scandal and his own future. On this last point I got the clear impression that he intends to stay on for another term. He has to make his decision by June and as he explained, they have a More…

Posted on December 12, 2008


Today could turn out to be a day, which will stand out in the history books of Formula 1. At the FIA World Council meeting in Monaco some huge decisions will be taken, which reflect a sea change in attitude within the F1 teams compared to recent years and which will herald the start of a move towards a totally new F1 concept, certainly as far as engines are concerned. Following the surprise withdrawal of Honda a week ago, a fresh mood of realism has finally crept in and the remaining nine teams met with FIA president Max Mosley on More…

Posted on December 10, 2008


Just arrived in a rainy and chilly Monaco for what will be a momentous couple of days for the sport. It’s weirdly appropriate that this humbling of F1, the death knell of the era of decadence and excess, should happen in Monaco, which has long symbolised the wealth and glamour, with which F1 is synonymous. This will be a strange journey for all of us, coming to terms with the new ‘austerity F1′, but here are a few notes at this early stage.

Posted on December 5, 2008


Amazing day today. Been flat out writing about the Honda withdrawal and where it leaves F1. Took part in the Max Mosley teleconference this afternoon and spoke to many figures within the sport. The main points I’ve come across are these: Honda is very serious about selling the team but it will be a streamlined outfit they sell, with no more than 200 employees ( current figure is over 650) and capable of running on £40-50 million per year (current figure more like three times that) There is no engine supply in the package because next year F1 moves to More…



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