- 05 Feb 09, 22:22#89970
[quote] [/FIA will stay out of revenue dispute
Thursday, 05 February 2009 00:00
FIA president Max Mosley has made it clear that the governing body will not intervene in the dispute over how Formula 1’s commercial revenues are distributed.
F1’s commercial boss Bernie Ecclestone has so far refused to accede to demands from the Formula One Teams’ Association for an increased share of the income F1 generates from TV rights, trackside advertising and race hosting fees.
Mosley has previously indicated that the FIA supports FOTA’s stance, writing in a letter last November that provided cost cuts were implemented, “the FIA would join with FOTA in seeking to persuade FOM [Formula One Management] to divide the prize money so that up to 12 teams are guaranteed at least €50m each.”
However, the FIA has to tread carefully because it is barred by a 2001 European Commission ruling from exerting any influence over the commercial aspects of F1.
At a lunch with journalists on Wednesday Mosley recognised that the FIA cannot get embroiled in the revenue issue.
Referring to Ecclestone’s recent comment that the teams should receive less, not more, money, he said: “I think he was being provocative because it's not a discussion anyone needs to have.
“The FIA started it and we sold our commercial interest to FOM and CVC and that's theirs.
“How much each party gets is a matter for bargaining between them.”
Mosley did opine that the teams were wrong to imply they are the sole source of value in the sport.
“It's not something I should get involved in but I would make the remark that the idea that F1 belongs to the teams is fallacious,” he said.
“You don't get to own a restaurant by eating in it every night – and they haven't even eaten in it every night, apart from Ferrari.”
Mosley added that if teams weren’t happy with the commercial terms of competing in F1 they could always go and start their own series, which the FIA would be obliged by EU law to sanction.
quote]
From ITV.com formula1
It would appear that Max is trying to distance himself from the revenue dispute ... hmmm - is he only trying to score brownie points for re-election one asks oneself?
Mind you, he does contradict himself in the article, at the beginning aligning himself with FOTA and then at the end saying that the idea that F1 belongs to the teams is fallacious - does not seem like joined up thinking ...so who is he trying to please? Not Bernie
Thursday, 05 February 2009 00:00
FIA president Max Mosley has made it clear that the governing body will not intervene in the dispute over how Formula 1’s commercial revenues are distributed.
F1’s commercial boss Bernie Ecclestone has so far refused to accede to demands from the Formula One Teams’ Association for an increased share of the income F1 generates from TV rights, trackside advertising and race hosting fees.
Mosley has previously indicated that the FIA supports FOTA’s stance, writing in a letter last November that provided cost cuts were implemented, “the FIA would join with FOTA in seeking to persuade FOM [Formula One Management] to divide the prize money so that up to 12 teams are guaranteed at least €50m each.”
However, the FIA has to tread carefully because it is barred by a 2001 European Commission ruling from exerting any influence over the commercial aspects of F1.
At a lunch with journalists on Wednesday Mosley recognised that the FIA cannot get embroiled in the revenue issue.
Referring to Ecclestone’s recent comment that the teams should receive less, not more, money, he said: “I think he was being provocative because it's not a discussion anyone needs to have.
“The FIA started it and we sold our commercial interest to FOM and CVC and that's theirs.
“How much each party gets is a matter for bargaining between them.”
Mosley did opine that the teams were wrong to imply they are the sole source of value in the sport.
“It's not something I should get involved in but I would make the remark that the idea that F1 belongs to the teams is fallacious,” he said.
“You don't get to own a restaurant by eating in it every night – and they haven't even eaten in it every night, apart from Ferrari.”
Mosley added that if teams weren’t happy with the commercial terms of competing in F1 they could always go and start their own series, which the FIA would be obliged by EU law to sanction.
quote]
From ITV.com formula1
It would appear that Max is trying to distance himself from the revenue dispute ... hmmm - is he only trying to score brownie points for re-election one asks oneself?
Mind you, he does contradict himself in the article, at the beginning aligning himself with FOTA and then at the end saying that the idea that F1 belongs to the teams is fallacious - does not seem like joined up thinking ...so who is he trying to please? Not Bernie
To err is human
