F1 » Montezemolo: Teams won't stay in F1 'prison'


Luca di Montezemolo: We are at a crossroads. We have F1 in our hearts and minds but we don't want to be in a Formula One prison.

Sort Comments: Oldest | Newest

Cobalt

December 17, 2010 1:42 PM
Last Edited 1372 days ago

If your promoter is fleecing you find another one.

Bernie is to greedy, he will bancrupt F1. BE ignores economy trends, cant adjust to them, dosnt see or care when sposors and constructors are leaving because it all doesnt add up.

Find a promoter that offers best conditions. In open competition, not just a choice between BE and LdM.

107SS2009

December 17, 2010 3:32 PM

I have been trying to explain all along about the real aim/meaning of various movements/noises that have been made lately, 2013 is round the corner and both the FIA and the teams will need to be in the strongest position possible to put things in FI racing as they should be at this coming concord negotiations, as I said last time, this coming concord will be the big bang of FI,it will either make or break F1.

Calvin _

December 17, 2010 6:15 PM

Didn't BE sell F1 to CVC for a hundred years or something like that. He made a huge amount of money and CVC wanted him in place to help them recover their investment.

LdM saying that F1's future partners may not be CVC is just putting pressure on them to be reasonable.

Basically, I believe CVC were pretty stupid to buy F1 for what they did and are now paying the price. They don't care about the show, they just want to earn their money back.

Mark _

December 17, 2010 7:53 PM

If FOTA couldn't make the last breakaway attempt work I doubt that they ever will. To really do it right they need to prepare for it for a couple of years. This is not something that you can create in 6 months, if the nogotiations break down.

It also would have to include all of the top teams. A split like the Indycar split would cause a decade of turmoil. You can thank the Indycar split for the rise in popularity of Nascar here in the US. I suppose in Europe DTM or Rally would benefit from a similar situation.

Ak - Unregistered

December 17, 2010 8:37 PM

Eff you!

F1 is bigger than you, me, italy, Germany, vettel, Max, Bernie and Todt

drivers and Ceo's come and go but F1 lives for ever!

If ferrari leaves, will ppl stop watching f1??

Not really. Ferrari, Audi, Peugeot, porshe, mercs etc participate in GT and Lemans doesnt mean people ditch f1 to view them.

Alan D - Unregistered

December 17, 2010 11:31 PM

Calvin, I think you are pretty close there. Max/FIA gave away the F1 commercial and TV rights to Bernie for 115(?) years. They also foolishly allowed him the trademark rights in the names F1, Formula One, etc. Bernie also wanted the commercial rights to names like "Team Mclaren", "Scuderia Ferrari" etc, but the teams rebelled.

There are a whole mess of Bernie companies involved like FOA, FOM and FOP. CVC is a major shareholder of some parts of those companies. CVC is an investment company which manages huge funds on behalf of nameless clients. It sees F1 purely as a financial investment, not because of any interest in motor racing.

Page 1 of 2
1 2  »

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.

© 1999 - 2014 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.