F1 » Ferrari: F1 needs to plan post-Ecclestone

Luca di Montezemolo urges F1 teams to prepare for life after Bernie Ecclestone

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December 21, 2013 10:01 AM

The dim light at the end of the F1 tunnel is getting brighter.
The F1 teams should own and control the commercial aspects of F1.
BE effectively stole formula one from the teams, BE aided by MM used his commercial benefits to persuade the teams (at the time back then) to accept a contract that effectively eliminated them (the teams) from the passing of rights as has previously existed.


December 21, 2013 11:31 AM

Wow! Twice in two days I agree totally with Luca. Let's face it. Bernie built the business, professionalized it, but the leadership model of a singular and aging figure in charge of the totality of the various licensing agreements is ridiculous, and very risky. If the teams owned and operated F1 through a professional but arm's length management company most of the money begin pumped into the so called shareholders group would be freed up for distribution amongst teams and disbursement to other FIA ventures and responsibilities. the teams better get moving because I think Bernie is possible going to jail or at least be forced to step down. Regardless, I do not see him managing F1 in five years time regardless of the outcome of the court proceedings.


December 21, 2013 2:49 PM

I personally can not wait for him to go. When he is interviewed he just avoids the question. Dodgy character to say the least. Formulas 1 will carry on whether he is around or not.


December 21, 2013 3:24 PM

Really what F1 needs (& MotoGP & WSB for that matter) is ownership by a not-for-profit organisation whose brief is to promote & support racing, ploughing back funds rather than money constantly being siphoned off for greedy shareholders.
Then we might actually start to see events where the quality of the racing and the entertainment of the fans becomes paramount.
Then we might see races located where the fan base is considerable and long-standing rather than rich Arabs or Asians 'buying' a race as a status symbol and virtually nobody going to watch.
Then we might see ticket prices come down to reasonable levels which mere mortals might actually be able to afford.
Dream on Larry!!!


December 21, 2013 9:43 PM

IMO its high time that Bernie goes...right now what the championship need is someone much younger and in tune with the current generation of fans as oppose to being a constant lighting rod.


December 21, 2013 10:16 PM

re: "Really what F1 needs (& MotoGP & WSB for that matter) is ownership by a not-for-profit organisation whose brief is to promote & support racing"

you have to stop begrudging entities and things you're passionate about the ability to make a profit. it's counterintuitive. sure, chastise greed, but not profit. profits are what ensure the things you claim to love will actually be around in the future.

Jim Clausen

December 22, 2013 9:10 AM

F1 is an ego driven, money driven sport. Not certain which comes first, ego or money. Egos and money abound in F1 and for some strange reason Ecclestone was somehow able to keep things in check for years among the team principals. Once you have the inmates running the asylum you will have constant bickering and challenges to authority. I saw this happen to CART.

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