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Ferrari president to head up F1 teams` alliance.

Ferrari president Luca di Montezemolo has been chosen to lead the Formula One Teams' Association (FOTA), formed following a meeting held with F1 ringmaster Bernie Ecclestone and Donald McKenzie, representing commercial partners CVC, at the Scuderia's Maranello headquarters earlier this week [see separate story – click here].

The new body was established with unanimous support to enable all ten F1 teams to work together with governing body the FIA and Ecclestone's company Formula One Management on commercial, technical and regulatory conditions, as the sport looks towards the future.

Though a Ferrari spokesman insisted in the immediate aftermath of the reunion that no figurehead had been selected for the forum, German magazine Sport Bild has revealed that di Montezemolo – who also presided over the Tuesday meeting – will be the official FOTA spokesman for the next twelve months.

There is no current Concorde Agreement – the contract stipulating the commercial and financial details by which the teams compete, including prize money and television revenues – following the expiry of the last one at the end of 2007 and the failure to come to terms for a new one. The formation of FOTA is the first step in a bid to reach a satisfactory resolution for the years ahead, as well as burying any threat of a breakaway grand prix series, an alternative that has been mooted in recent months.

The meeting came about off the back of a letter sent by Max Mosley back at the start of July, in which the FIA President gave the teams until October to conduct a 'wide-ranging consultation' to come up with their own proposals and measures for radically changing the way that F1 is run and improving the sport's environmental image, cutting costs and fuel emissions and embellishing the overall spectacle – or else have the rules made up for them.

A new Concorde Agreement would likely give the teams not just more money, but also more say in the rule-making process and safeguard their own interests – a move that has clearly found favour with team principals.

“Formula 1 needs redesigning,” Renault managing director Flavio Briatore told Italian newspaper Gazzetta dello Sport. “The Concorde Agreement, the number of races, the costs, the spectacle, the imperative increase of revenues…

“I feel that it should be down to the teams to decide, by electing in turns a director of operations – a guy who does things, not a PR person.

“His (Mosley's) absence is felt as there's no project for F1. The teams feel abandoned.”

Mosley, for his part, underlined that he both thinks and hopes a new Concorde Agreement is not far away, and has in the past stated his belief that the sport is 'unsustainable' in the current climate of ever-rising costs.

Related Pictures

Click on relevant pic to enlarge
09.09.2006 Monza, Italy,  Luca di Montezemolo (ITA), Scuderia Ferrari, Fiat President, Chairman & Managing Director - Formula 1 World Championship, Rd 15, Italian Grand Prix, Saturday Practice
Scuderia Toro Rosso STR12
Haas VF17
Toro Rosso unveils new look STR12
Toro Rosso unveils new look STR12
Scuderia Toro Rosso STR12
Haas VF17
Haas VF17
Haas VF17
Daniel Ricciardo - Red Bull Racing
Red Bull R13, car launch, [Credit: Red Bull]
McLaren MCL32 [credit: McLaren Twitter]
Williams Martini Racing FW40
Antonio Giovinazzi - Sauber F1 Team
McLaren - Honda MCL32
Stoffel Vandoorne, McLaren MCL32 F1 launch, [Credit: McLaren]
McLaren MCL32, McLaren-Honda, [Credit: McLaren]
Kimi Raikkonen (FIN) Scuderia Ferrari SF70H

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Robsy - Unregistered

July 31, 2008 3:49 PM

I imagine that putting Luca in the catbird seat was the only way to get Ferrari to take part. Does this remind anyone else of FOCA? And wasn't that run by Brabham team boss Bernie Eccelstone, ably assisted by legal adviser and former March co-owner Max Moseley? History repeating?

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