Luca di Montezemolo turned up in Madonna di Campiglio yesterday for the end of the Ferrari shindig and had a good long session with Bernie Ecclestone, whom he embraced warmly. The pair have known each other since the 1970s and they will lock antlers many times in the next year or two as Montezemolo seeks to lead the FOTA teams to the promised land of more control and more money.
Afterwards he sat down with the Italian media and I’m grateful to them for details of what he said. The thing which caught my eye was his reminder that the commercial deal binding the teams into F1 is only until 2012, which will be here soon enough, as the London Olympic committee can tell you. Beyond that, he said, F1 needs “an authoritative sporting body” to lead it.
He sees the key to the future as being four ‘S’s; Stability, “we cannot keep changing the rules every six months or a year”; Seriousness, “because we cannot pretend nothing’s happening in a period of great economic difficulty like this”; Spectacle, “I think the new rules will help with this”; Sustainability, “which is finding the right balance between cost and income.”