F1 » Whitmarsh suggests teams as 'desirable' rights holders


McLaren's Martin Whitmarsh has hinted that the F1 teams would make the best commercial rights holders for the future of the sport.

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JACKBEE

May 07, 2011 8:45 AM

I think MW is talking a lot of sense, I have always thought that there is no-one better placed than the teams to have an ownership of the sport.
But, it must be ALL the teams with equal shares as a requirement for entering F1, not just the big boys dominating.

Cobalt

May 07, 2011 11:03 AM

I hope the teams will do the right thing and stick together to pull that through.
They should own all commercial profits, they cant afford to give away 300m every year to CVC/Bernie :rolleyes:

They dont have to BUY back the rights to commercial profits from CVC, all teams can just reform as another series (much cheaper option).

richard

May 07, 2011 11:03 AM

that was the intention at first, but nobody wanted to organise it. in stepped bernie who took it over, and the rest is history.
the meeting of the big four on 14th may, is to discuss concorde, engines and running of the sport, but what is interesting is that they are also scheduled to meet newscorp. so maybe the rumblings of a break away mightnhave a grain of truth. outcome eagerly awaited!

Cobalt

May 07, 2011 11:34 AM

Bernie took over before the recession. Since then many teams were forced to leave and we have to put up with spending and development cuts. All that is not good for F1. Bernie/CVC is a huge expense that can be avoided. Get rid of them. Easy.

Teams are not alowed to meet newscorp, they cleared that already, it was another press invention.

richard

May 07, 2011 11:57 AM

cobalt. didnt bernie take over in the 70's?? (or was it 80's) i didnt hear that teams were blocked from meeting newscorp, but even it they are, the team meeting will bring some interesting debate, and with the other rumours of some sort of possible tie between murdoch and fiat, there will certainly be ways of circumventing any "ban".

107SS2009

May 07, 2011 12:13 PM

Whatever the outcome (a new series or new commercial rights owners) the FIA will have to be involved (policing/run the series) whoever the new owners will be their first chose will be BE to manage the commercial side of it and that will be for as long as he is with us.

Cobalt

May 07, 2011 1:21 PM

Richard,I didnt mean that Bernie took over just before the recession but it happened in different times. Back then Tobacco, car manufacturers and bank sponsorship was very strong. Now all teams have to limit expenses. Bernie is another expense (substantial) that needs to be limited.

107SS2009

May 07, 2011 2:23 PM

Whoever will own F1 and that includes the teams will beg BE to run the contractual/commercial side of it.
Nobody in his right senses contemplates F1 without him no matter what and that includes any new owner/s that may be fighting him right now.
Please note that I for one doesn't agree with a lot of what he does and say.

homeheroe - Unregistered

May 07, 2011 3:57 PM

i am amazed. this stinks of foul eggs... and now withmarsh saying the teams should buy it out???

if that is not just a setup.... i would think so... i doubt murdock really has any interest.. and on top of that involving exor?????? that sounds like a massive bait to get the teams to buy the rights from a berny and CVC who, for the right price, are just as happy to sell out as anybody would.

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