F1 » Ferrari president: F1 has three options for the future


Ferrari President Luca di Montezemolo argues that F1 has three possible future directions - to continue with current majority owners CVC Capital Partners, jump ship to News Corp/Exor...or for the teams to take control themselves

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107SS2009

May 15, 2011 11:49 AM

Option two (a la NBA) is a golden opportunity for the present and feature F1 teams that they might not have again to be the owner of the sports with total control of their own destiny.
The teams are lucky to have a man of the stature of LDM amongst them.

Wade - Unregistered

May 15, 2011 11:58 AM

I'm happy as long as they don't take it off free-to-air tv. I remember reading somewhere that if Newscorp take over, they'll only show F1 on pay tv.

Cobalt

May 15, 2011 12:32 PM
Last Edited 1234 days ago

Option 2!!!!, keep all the profits in F1 instead of giving hundreds of £$millions away to corps.

Giving away F1 profits once was careless, doing it again would be suicidal:?

Artov

May 15, 2011 1:35 PM

News Corp would mean subscribing to Sky to see F1 so no thank you.

They have taken football, boxing and cricket. If they also take F1 there is no way I will pay to watch F1 with adverts. Awful option.

USF1_Fan - Unregistered

May 15, 2011 2:19 PM

Risk involved with any of the options-
*CVC staying means control and money still lies in the hands of businessmen who care primarily for profit. But they haven't done THAT badly so far, though things could be better.
*News Corp/Exor means the sport falls under the sway of people who have never shown any real interest in F1 as a sport but want it as an income generator. But they would have an interest in keeping the audience big in order to make money.
*A breakaway series is a huge risk at this level, but IF successful would create a much better sport for the fans, teams and drivers.

Success is far from sure thing though, and if it were to fail I expect most of the smaller teams would be gone entirely and the big teams in dire troubles and struggling to find a way to keep running.
There is huge talent on the teams both technically and administratively- if any series had a realistic shot at succeeding with a breakaway bid I would think the current F1 teams are it.

As much as is at ri

axl - Unregistered

May 15, 2011 2:41 PM

yes F1 needs a new direction and some new blood running it.option 2 seems to be the right idea,however the team who are put in charge of running F1 under such should be made up of members of each team taking part in that years season,this should also be regulated in the fact that engine supplyers to multiple teams dont have to much influance ie ferrari,mercades.
I also think that there is room to incorperate a two tier system with capping on spending/development/testing to encourage new teams into the sport whist the more established teams could have a higher budget.

richard

May 15, 2011 3:13 PM

whereas number 2 looks like the best, it would be almost impossible to implement. who would put up the money? how would this capital be raised? would all teams own an equal share? (cannot see hrt paying the same a ferrari). would all team have equal voting rights and vetoes? who would administer the whole caboodle? ( there is a lot of work involved). etc etc.
however in view of interested parties, including ab dhabi conglomerate,(a bernie preference) in number 3, that would seem the most likely.
i also believe that that is really the 4 teams preference.

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