There are two contrasting quotes in the press today. The first comes from Bernie Ecclestone, highlighting what he brings to F1 and why it is the show that it is, while the president of Renault, Carlos Ghosn, has come out and said that the teams should, “take back control of Formula 1”
Bernie was speaking to the Daily Express and said, “It costs a lot of money to set up a series.
“Right now, we supply the venues at no cost to the teams, they roll up with all their sponsors’ names and money and race in front of a huge television audience which I supply through the contracts we win.
“That money flows back to the teams and they spend it. It would be different when they have to provide all the venues, hire their own race people, find their own television companies – and we have the best – and promote it.”
Meanwhile Ghosn has made his feelings very clear, “We are the ones doing the show, who bring in the technology, who bring in the engines, who hire the drivers. And if we do the show, the revenues of Formula 1 must come back to us,” he was quoted as saying by news agency AFP.
“Today we pay to be in Formula 1; that is not normal. Intermediaries have made enough money with this. We want to take back control of Formula 1.”
Meanwhile representatives of FOTA met yesterday in London to finalise their approach to FIA president Max Mosley at a meeting which is happening in London this morning. Three of the team bosses have been detailed to attend the meeting, Ferrari’s Stefano Domenicali, Red Bull’s Christian Horner and Toyota’s John Howett.