- 21 Dec 08, 16:48#85616
Works like this:-
CVC's share of the F1 revenues only appers to be enough to cover the interest on the loans they took out to buy it. Thus their duly appointed manager, Bernie, has a problem. He has to make more money for them. He's squeezedevery last drop out of the circuits & thus all he has left is to squeeze it out of the teams' share.
What he needs to do, in short, is to bring their share down below the (disgraceful) 2003 agreement he made with them, rather than, as the teams see it, get forced to pay them more than they currently get.
He's building a case for paying them less already, see his comments about now that the teams have agreed to cut their costs they don#t need so much from CVC's share.
He's got a probem though, how to get out of the existing agreement.
Aha, I have the solution Bernie & it involves your old mate, Luca.
Simply get Luca to blither on about how you should retire, obliquely, so he can't be sued but obviously enough to ensure that 1 of the cardinal rules of the 2003 agreement gets broken - the clause that says you are not allowed to criticise Bernie. (Anybody ever heard 1 of the teams having a go at him? Thought not. It's not like they haven't had some good hard reasons to do so over the years is it?)
With some criticism in the press attributable, vaguely, to a signatory of the 2003 Concorde Agreement you Bernie are then free to break it as well, perhaps by telling people how much money Ferrari got extra to be your bitches.
With the Agreement then utterly smashed not only do you get to avoid paying anybody under it's conditions as you are currently supposed to do but you can also start a new process from the ground up, with a clean sheet. You can pay Ferrari a little extra for the inconvience & stiff the rest good & proper.
Problem solved.
CVC's share of the F1 revenues only appers to be enough to cover the interest on the loans they took out to buy it. Thus their duly appointed manager, Bernie, has a problem. He has to make more money for them. He's squeezedevery last drop out of the circuits & thus all he has left is to squeeze it out of the teams' share.
What he needs to do, in short, is to bring their share down below the (disgraceful) 2003 agreement he made with them, rather than, as the teams see it, get forced to pay them more than they currently get.
He's building a case for paying them less already, see his comments about now that the teams have agreed to cut their costs they don#t need so much from CVC's share.
He's got a probem though, how to get out of the existing agreement.
Aha, I have the solution Bernie & it involves your old mate, Luca.
Simply get Luca to blither on about how you should retire, obliquely, so he can't be sued but obviously enough to ensure that 1 of the cardinal rules of the 2003 agreement gets broken - the clause that says you are not allowed to criticise Bernie. (Anybody ever heard 1 of the teams having a go at him? Thought not. It's not like they haven't had some good hard reasons to do so over the years is it?)
With some criticism in the press attributable, vaguely, to a signatory of the 2003 Concorde Agreement you Bernie are then free to break it as well, perhaps by telling people how much money Ferrari got extra to be your bitches.
With the Agreement then utterly smashed not only do you get to avoid paying anybody under it's conditions as you are currently supposed to do but you can also start a new process from the ground up, with a clean sheet. You can pay Ferrari a little extra for the inconvience & stiff the rest good & proper.
Problem solved.
I like my cars the same way I like my women & my music, fast & loud.
