News On F1 - Formula 1 News, Results, Information and Statistics

Formula 1 Store
F1 Tickets, Tours, Gear
F1 Books
& Biographies

Formula 1 News - November, 2011
Abu Dhabi F1 talks 'more important than race'

F1 Merchandise
Main Page
Formula 1 News
2016 F1 Schedule
2016 F1 Line-up
2015 F1 Results
F1 Teams
F1 Drivers
10 'n' Pole
Register - Submit
F1 Regulations
The Forums
Live F1 Coverage
Motorsport Shop
UK - USA
Motorsport Calendar
Tim's Blog

F1 Merchandise UK
F1 Merchandise USA

F1 Tours
F1 Tickets
F1 Diecast
F1 Videos
F1 Games
F1 Trivia
NewsOnF1 on Twitter
MotoGP Tickets
Past Formula 1 Seasons
2014 F1 Results
2013 F1 Results
2012 F1 Results
2011 F1 Results
2010 F1 Results
2009 F1 Results
2008 F1 Results
2007 F1 Results
2006 F1 Results
2005 F1 Results
2004 F1 Results
2003 F1 Results

2002 F1 Results

2001 F1 Results

2000 F1 Results

1999 F1 Results

1998 F1 Results

1997 F1 Results
Links
Translate
Search
Contact Us
About
Archives
Your Say
Diagnosis & Prognosis
By the Heretic
Controversy Corner
The Real Race
By the Quali-flyer
F1 Testing
F1 Team Reports
8 'n' Pole
2010 World Cup
2006 World Cup


Nov.10 (GMM) Martin Whitmarsh would be happy if the forthcoming negotiations over F1's future results in the teams owning a slice of the sport.

With the bitter political battle of 2009 still in memory, many of F1's paddock players are looking nervously towards the expiry next year of the crucial tripartite Concorde Agreement.

As ever, everyone wants a bigger slice of the lucrative pie.

But this time around, talk of a 'breakaway' series is unlikely to be used as a weapon -- perhaps because the existing agreement now forbids it.

Instead, the big talking point could be the teams' interest in joining up with CVC and Bernie Ecclestone as actual co-owners of the commercial rights.

"If you are trying to create partnership in most businesses then a bit of cross equity is useful," confirmed Whitmarsh, the McLaren team principal and also chairman of FOTA, the 11-team alliance.

"At the moment the teams contract for a finite period to the Concorde Agreement. If teams were equity holders - even on a small scale - then it encourages all stakeholders and potential investing partners that you have some continuity," he added.

It goes without saying, however, that in the highly competitive world of formula one, it is perhaps surprising that FOTA has essentially stayed together for so long.

That could be about to change, with a burgeoning disagreement over the voluntary cost-cutting resource restriction agreement (RRA) heading for crucial talks this weekend in Abu Dhabi.

Writing in O Estado de S.Paulo newspaper, Livio Oricchio said the meeting is arguably "more important than the grand prix" this weekend.

Mercedes' Ross Brawn agrees that the body's continuing harmony is "essential" and "everyone should do everything to keep it together".

HRT has already left FOTA, and the temptation for others to join the small Spanish team might be high, with F1 chief executive Ecclestone famous for 'divide and conquer'.

"If the small teams want the money split 12 ways equally then that is unrealistic," Whitmarsh told the Financial Times. "But it falls on all of us to get to something that is fair and equitable.

"(Without) the small teams we are in trouble. We need them to race against and we would be diminished if we lost them.

"It's a challenge and it is something that can be preyed upon in a negotiation," he added. "Bernie is very, very good at that."

The obvious tactic for FOTA, then, is to stick together.

"We wouldn't be very smart if we didn't," Whitmarsh insisted, urging F1's strong personalities to "overcome our respective egos, leave the past behind and look forward".

And a joker in the pack is the Jean Todt-led FIA, who lease the commercial rights to Ecclestone/CVC but do not otherwise have a stake.

"We do not want to grab the rights back. But we definitely want an input in these rights in some sort of capacity," confirmed FIA spokesman Norman Howell.

Comments powered by Disqus

10 'n' Pole Formula 1 Tipping Competition - Have fun and win - Register

Latest Formula 1 News Headlines
09 Aug: F1 should start 2021 engine planning now - officials Comments
09 Aug: F1's Brazilian duo face uncertain future Comments
08 Aug: Bottas has Renault 'offer' - source Comments
08 Aug: Only 'good offer' would restart F1 career - Buemi Comments
08 Aug: Rosberg lacks Hamilton's 'killer instinct' - Marko Comments
08 Aug: Only new rules can stop Mercedes - Alonso Comments
08 Aug: Newey 'fully motivated again' - Horner Comments
05 Aug: Ecclestone credits Verstappen for Heineken deal Comments
05 Aug: Montezemolo struggles to hold tongue over Ferrari Comments
05 Aug: Wehrlein defends performance against Haryanto Comments
04 Aug: Ecclestone to 'sell' F1 radio coms - report Comments
04 Aug: Sirotkin in running for Renault seat - father Comments
04 Aug: Hulkenberg hails McLaren-Honda progress Comments
04 Aug: Marko plays down Kvyat axe rumours Comments
04 Aug: Renault could turn blue for 2017 - reports Comments
03 Aug: Mercedes, McLaren in dispute over engineer Comments
03 Aug: Wolff urges Renault to sign Ocon Comments
03 Aug: Lauda to help Rosberg bounce back Comments
03 Aug: Father defends Magnussen's F1 commitment Comments
03 Aug: Marchionne 'not satisfied' but staying the course Comments

The latest Formula 1 News

Back to the main news page

Back To Top


 
F1 Tickets
Chinese F1 GP
Belgian F1 GP
Singapore F1 GP
Italian F1 GP
Abu Dhabi F1 GP
US F1 GP
Few tickets still available
MotoGP Tickets
British MotoGP
Czech Republic MotoGP
San Marino MotoGP
Valencia MotoGP
more Motorsport Tours & Holidays

Official 2012 F1 Season Review

Autocourse 2012 Annual

F1 Merchandise US

F1 Merchandise UK

Formula 1 Yearbooks


Ayrton Senna

Past Formula 1 Drivers