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[elfinitty]

Okay,so I first read this on a Turkish site and this picture was the cover picture of that news,I also realize they pick this picture for so many news about Bernie.It reflects him tho,especially:

"Young kids will see the Rolex brand, but are they going to go and buy one? They can't afford it. Or our other sponsor, UBS - these kids don't care about banking. They haven't got enough money to put in the bloody banks anyway. That's what I think. I don't know why people want to get to the so-called 'young generation'. Why do they want to do that? Is it to sell them something? Most of these kids haven't got any money.

"I'd rather get to the 70-year-old guy who's got plenty of cash. So, there's no point trying to reach these kids because they won't buy any of the products here and if marketers are aiming at this audience, then maybe they should advertise with Disney.

However,it's true that teens at 15 or around that cannot afford a Rolex,but the way he mentions it is like:''Hey,I'm here just for the money''

[Jabberwocky]

Because in 15 - 20 years these kids will be the 30 somethings with money. Going back to what I said before Bernie does not want F1 to live long after he does.

[What's Burning?]

La Ferrari, McLaren P1, Porsche 918... no Bernie, no road car would ever use the technology. Jeez, every morning I awake and check the ESPNF1 site for news of Bernie's sudden vi@gara induced heart attack. But sadly, still nothing.

ESPNF1 On Monday the trio of Force India, Sauber and Lotus sent Ecclestone, FIA president Jean Todt and the six remaining teams a letter explaining their grievances at the current state of Formula One and demanding change. The letter came after crisis talks broke down in Brazil and a supposed meeting between Ecclestone and commercial rights holders CVC Capital Partners came to nothing.

The letter said the trio "cannot accept the current distribution of funds in view of the massive increase of expenses" despite signing bilateral agreements with F1 boss Ecclestone and CVC. But Ecclestone is unmoved by their concerns and says they need to consider their business models in future.

"They have a contract they signed," Ecclestone told the Press Association. "They know exactly what they signed and how much money they would be getting. What we don't have any control over is how much they want to spend. That's the problem.

"Normally in business you have a look and see how much money you are going to get, and then you decide to spend less than that otherwise you are going to be in trouble. It doesn't seem like they've followed a normal business route.

"Clearly there should be cost-cutting. There is no need to spend the amount of money they do, but of course they spend it to win. But it doesn't seem anybody - including the people complaining - has made any effort to save money."

Ecclestone does have sympathy, however, with the position the teams have been in with the introduction of the V6 power units this season - something which has seen costs spiral.

"I agree with them completely, 100%," Ecclestone said about concerns over the new engines. "They have my support. I never, ever, ever thought this power unit was what we wanted in Formula One. It's done nothing for the industry.

"Don't get me wrong, it's an incredible piece of engineering - to get that amount of power out of that amount of fuel is incredible. But no road car could ever use the same system, so the technology is nice for the engineers but it's not really good for the teams."

[Hammer278]

"Don't get me wrong, it's an incredible piece of engineering - to get that amount of power out of that amount of fuel is incredible. But no road car could ever use the same system, so the technology is nice for the engineers but it's not really good for the teams."

[LRW]

The above statement from Bernie highlights one of the main issues with the sport as a whole - he is talking about it purely as a business.

[1Lemon]

The above statement from Bernie highlights one of the main issues with the sport as a whole - he is talking about it purely as a business.

He's talking purely as a venture capitalist trying to bleed every penny out of f1 in the short term and not do anything to fix the core rotting issues.

[racechick]

I missed this gem from Ecclestone a week or so ago. When asked who he thought would win the champioship, he said he thought earlier in the season it would ne Nico, and his reasons?

“Because I thought that would probably suit the team better. And in my position I thought it would be better for Formula One to have a world champion who can speak several languages. I thought that if there was going to be any help, which I am certain that there hasn’t been, then maybe there would be a bit more support forthcoming from a German team for a German driver.

This was taken from a James Allen article. But hey folk, it's ok, coz now he thinks Lewis will be a good champion. why? Because more people know him in America and round the world.

[What's Burning?]

Why oh why can't ISIS behead this guy instead? BTW, the bolded tidbit is the reason the FiA seemingly no longer has any say in the sport they sanction.

ESPNF1 Formula One chief Bernie Ecclestone says he is confident the Strategy Group can push through a change in engine regulations for 2016.

'They sold the rights'

Bernie Ecclestone revealed the FIA accepted £25.5 million in return for setting up the Strategy Group, which gives six teams a say in key decisions. The Strategy Group has already made significant decisions, such as vetoing the budget cap for 2015 which may have alleviated financial pressure on the likes of Caterham and Marussia.
Ecclestone stressed the FIA did not sell the right to rule-making but were "looking to get money somehow."

The debate over engines has been lingering for much of the season, with Red Bull [Renault] and Ferrari united in the desire to lift the in-season engine freeze to help cut the gap to Mercedes. Red Bull boss Christian Horner recently called for new engines in 2016, something which would need a majority vote rather than a unanimous agreement.

The Strategy Group, which next meets on December 18, consists of commercial rights holder Bernie Ecclestone, the FIA and six teams - Mercedes, Red Bull, Ferrari, McLaren, Williams, Lotus - with six votes for each of the three entities.

When asked when he wanted the engine change, Ecclestone told reporters on Thursday: "2016. These are my ideas ... We have six [votes] so if we have four teams want to do that that's ten. There's 18 votes so that's the majority."

When asked if he is contemplating a return to V8s or even V10s, Ecclestone replied: "It's up to them [the teams]."

But Ecclestone hopes any change will retain some of the positive aspects of the current power units and would be formally branded as hybrids to emphasise that fact.

"We can all put our money together and have a wager that Mercedes will win the championship next year which is not really the sort of thing we are looking for. I have been proposing and am going to propose that we go back to a normally aspirated engine with some hybrid bits built into it.

"The manufacturers will have to call it a 'McLaren hybrid', 'Ferrari hybrid' or a Williams hybrid' so that it will get across the message. They are hybrids now but nobody tells anybody. It's the best-kept secret actually. What this engine is for. What was it designed for and what have we achieved? It is a fantastic bit of engineering.

"People have built these racing engines and anyone that is currently building the engines we currently have, it would be a bit of a dream for them to build a normally aspirated engine and develop it to about 1000 horsepower which is what I believe we want."

[racechick]

What a silly little man. Why can't he just disappear . Corrupt, idiotic, silly little man!

[darwin dali]

What a silly little man. Why can't he just disappear . Corrupt, idiotic, silly little man!

no name calling! He's not little!

Carry on

[The Second Coming]

What a silly little man. Why can't he just disappear . Corrupt, idiotic, silly little man!

no name calling! He's not little!

Carry on

It's the "man" bit that is cause for some inquiry.

[Jabberwocky]

I have said it before. I think the only engine restiction should be the size of the fuel tank.

[sagi58]

I have said it before. I think the only engine restiction should be the size of the fuel tank.

[darwin dali]

I have said it before. I think the only engine restiction should be the size of the fuel tank.

That might not be enough as they might come up with some clever fuel compression scheme...

[What's Burning?]

I have said it before. I think the only engine restiction should be the size of the fuel tank.

Why? It would end with Ferrari complaining that the fuel tank was too small.