F1 teams meet, form new association in Maranello
In the highly competitive world of Formula One racing, the only thing teams can agree on is money -- they want more of it. To that end, they've set up the new Formula One Teams Association.
Unlike the previous Formula One Constructors Association – which represented only the independent teams and came, somewhat ironically, to be dominated by Bernie Ecclestone and Max Mosley when they were team owners – the new group has the backing of all the teams (both independent and manufacturer-owned). The association was founded this week in a meeting of team representatives at Ferrari headquarters in Maranello, also including the participation of Formula One rights holders Bernie Ecclestone and Donald McKenzie. The Formula One Teams Association will represent the interests of the constructors (grand prix-speak for teams) in negotiating the final terms of the new Concorde Agreement, which determines profit sharing among the parties involved in the sport. Speaking with one voice, the teams surely hope to be able to secure a bigger share of the revenues from the grands prix. Little wonder then that Ferrari, in the short statement after the jump, called the meeting "extremely constructive".
[Source: Autosport and Ferrari, Photo: Lluis Gene/Getty]
PRESS RELEASE
F1 teams meeting at Maranello
Maranello, 29th July 2008 - All the Formula 1 teams met today in Maranello and held an extremely constructive meeting, in the presence of Bernie Ecclestone and Donald McKenzie.
The teams have subsequently agreed unanimously that they will establish the new Formula 1 Teams Association to work with the FIA and FOM to agree upon regulations and commercial conditions which will provide a framework for a strong and dynamic sport.
Get a WordPress.com Blog
_opt_thumbnail.jpg)
_thumbnail.jpg "2011 Audi A8: Live from Miami")
Reader Comments (Page 1 of 1)
Sorin 8:45AM (7/31/2008)
Eeeeee ... let's see what will change and how it will change. I'm extremely curious.
Reply
s13hybrid 9:31AM (7/31/2008)
Do these guys only wear their team outfits every where they go?
I just find the picture funny (I figured they would have business suits or something for a dinner meeting). I can just picture them waking up in the morning with the same team clothes on, and taking their kids to school, etc. etc.
Reply
Travis Rassat 10:52AM (7/31/2008)
It's kind of like all the commercials where drivers apparently wear their firesuits everywhere they go!
Richard 11:21PM (7/31/2008)
There certainly is not a picture of Ron Denis this season sans that vest with the layered shoulders. Very chi chi, Ron.
Sorin 4:42AM (8/01/2008)
Funny picture indeed. And your comments are great. :))
Franz 10:29AM (7/31/2008)
I suspected that this was gonna happen after the Mosley scandal. How much things will actually change is still a mystery though.
Reply
YourNameHere 10:59AM (7/31/2008)
as long as Ecclestone is in involved nothing will be different. If the teams want more money, Bernie will just raise the ticket prices. He will kill the sport off before he stands to lose any income.
I would love to see a back to basics approach in F1. The less restrictions the better in my opinion. Give the times a max engine displacement and a minimum weight and sit back and see what unfolds. That is how new and ground breaking technology is developed. Not an over-regulated race car parade.
Reply
hydrogenvodka 1:23PM (7/31/2008)
That would be stupidly dangerous and tough on drivers...b BUT WHAT A SHOW!!!
Itsuru 3:00PM (7/31/2008)
I don't think you understand the rate at which they can develop, or how it would drive costs skyward. Not to mention the toll it would take on drivers as the poster above mentioned.
tagg8019 12:56PM (7/31/2008)
Bernie is just too creepy to take seriously.
F1 wants to put a freeze on certain techology developments which is fine but maybe F1 needs to put a freeze on their end as well. That KERS technology and the quest to put another grand prix in a stupid location are two examples of Bernie being Bernie.
Reply
Ian 1:35PM (7/31/2008)
Mr M of Ferrari/FIAT will head this Group!
Seems Bernie gave an inspirational speech:
Ear yoy guys understan one thing!
FOM take 50% of ALL Revenues.
Dat leaves 4% each for you geezers which is way more than you manufacturers are worth.....
Next Step?
JT as Head of the FIA to complete the Ferrari/FIAT makeover....
Reply