“If you don’t have change, you just disappear.”
Tag Archive: Max Mosley
FOTA, the once unified and powerful alliance of formula one teams, has collapsed.
It emerged recently that, with top teams Red Bull and Ferrari already departed, membership fees were going unpaid and the exit of FOTA chiefs Martin Whitmarsh and Eric Boullier could drive the final nails in the coffin.
An FIA spokesman has rejected F1 legend Sir Jackie Stewart’s claim that the sport is disorganised and poorly managed.
One of the unnamed sources said the new CVC agreement will benefit the FIA to the tune of about $25 million.
The FIA is close to completing a successful push for a bigger slice of F1′s financial pie, according to a report by the expert financial source Bloomberg. Citing ‘two people familiar with the situation’, the media report said the now Jean Todt-led Paris federation is set to boost its coffers to about $40 million per year.
Jean Todt has dismissed suggestions he is willing to loosen the FIA’s grip on formula one in return for more money.
Ahead of a crucial meeting between the FIA president, Bernie Ecclestone and the teams in Paris on Tuesday, the Financial Times reported speculation Frenchman Todt will agree to trade some of the federation’s rule-making power for a bigger share of the sport’s financial pie.
Lotus backs Sauber over budget cap proposal
The real motive for Lotus’ protest against the Mercedes ‘double-DRS’ may be emerging. A rumour in the Shanghai paddock is that the former Renault team, despite apparently pushing the FIA to ban the concept, could be planning an even more radical version of the aerodynamic-stalling idea.