[sharpyure]

Why do the Brits always back the dwarf?

Probly our innate sense of common decency, Gordon Gekko here notwithstanding.

[reiseebup]

http://www.google.com/hostednews/can...sQHd7twnL4nhWQ
this looks like he was tring to get more money for other teams
"What he (di Montezemolo) should do, rather than asking for money, with all the extra money Ferrari gets, he should share all that amongst the teams," Ecclestone told The Times. love or hate Ferrari f1 would be dead if they had not taken the money and would be geting about the same for WDGP or more with out the troll

[leareliovag]

Once again people here are making the traditional mistake of confusing business with sporting regulations.

Whatever money Ferrari gets, they get them from Ecclestone and not from the FIA. So this has nothing to do with "sporting" or anything like that. And, like someone said, it was precisely BE who gave them the money.

[reiseebup]

Ecclestone make about 540,000,000 pre year from the race tracks + tv rights

[DfrtYhyu]

Ferrari cut a better deal.....so what? Good for them. You get what you are worth. F1 is a meritocracy, and in a meritocracy that's how things work.

Remember GPMA?

Remember when there was a serious threat to F1, and Ecclestone felt it really hard?

Ferrari, like all others, was originally with GPMA. They were the first to break ranks, and that effectively killed GPMA.

What would have happened if GPMA's proposal for an alternate series had taken off? Maybe we would have been rid of CVC and Ecclestone and Mosley, all in one go?

Hopefully this time, all teams will stand together, in the form of FOTA, and end this madness which is the running of F1.

[Broorbbub]

Ferrari 'sold out' by getting themselves a cracking deal? If it 'shafted' the other teams, then it's just tough. F1 is a business.

For example, Vodafone left Ferrari for Mclaren because Mclaren could offer them title sponsorship, something Ferrari could not. So did Vodafone 'shaft' Ferrari? No, it is simply that, for Vodafone, Mclaren offered a better deal.

Getting a better deal than your rivals and competitors is the very essence of competition, and competition is not restricted to the race-track.

I look at it differently - I would say that Ferrari ratted out on the other teams because Bernie bought" them. One could liken them to a traitor.

[Indessasp]

Whatever "deal" Ferrari struck, and whether it was justified or not, they now realise that "the topic of revenue is of the highest importance in F1 at this time". It's hard to argue that they did not gain an advantage over the rest of the field from the money they have received but they:
...are adamant that the distribution of commercial revenue in Formula One remains a key area for revaluation in the future. http://www.autosport.com/news/report.php/id/72547

The income generated by F1 as a whole should not benefit one team more than another IMHO. The finance individual teams are able to generate themselves through sponsorship is another question.

[Broorbbub]

Whatever "deal" Ferrari struck, and whether it was justified or not, they now realise that "the topic of revenue is of the highest importance in F1 at this time". It's hard to argue that they did not gain an advantage over the rest of the field from the money they have received but they:

http://www.autosport.com/news/report.php/id/72547

The income generated by F1 as a whole should not benefit one team more than another IMHO. The finance individual teams are able to generate themselves through sponsorship is another question.

You are pushing organic human byproduct uphill here if you think you are going to get any agreement on this premis from anyone who follows Ferrari.

Still, I await ioan's opinion on this as he will probably be the only Ferrarist to agree with you.

[Pelefaifs]

Bad move Bernie .

He's given an advantage to one team for years , and he picked the moment that that team spoke to clearing that advantage by lobbying for the others , to quantify the amount .

I guess he must think he came out of the Canadian negotiations looking good , when in fact , it seems that others are looking puzzled at the deals they signed .

He is sorely mistaken if he believes the world's economic and climatic crisis will allow business as usual .

The guy with the biggest paycheque of all will eventually have to realize that he must take the biggest pay cut of all .

[Immampdah]

“Ferrari get so much more money than everyone else,” he said. “They know exactly what they get, they are not that stupid, although they are not that bright, either. They get about $80 million (about £54 million) more. When they win the constructors’ championship, which they did this year, they got $80 million more than if McLaren had won it.”

And who did agree to give them more?!
Tell you what the idiot isn't the one asking but the one giving!

“They were the only team that broke ranks with the other manufacturers – why did they break ranks?” he said. “That’s where the $80 million comes in. We ‘bought’ Ferrari. We ‘bought’ Ferrari’s loyalty. Our deal with Ferrari was that we ‘bought’ them so they would not go to the others.”

You little squirrel, are your pants smelling nasty now that Ferrari are the ones menacing with a break away series?
Wake up, you can't buy Ferrari, you can only give in to any of their demands and the other teams demands!
Cause no F1 teams means your business is worth nothing!

“They have the right to send people into the company and search for everything,” Ecclestone said. “Ferrari in particular, more than anybody, from day one, have had the right and they’ve never done it. We have bankers here and we’ve got CVC (CVC Capital Partners, the principal owners of Formula One) checking every single solitary thing. So anybody that starts saying that we’ve done anything wrong, I’ll sue the a*** off them.”

Don't make me laugh, working with banks isn't a proof of legitimate and transparent business, not since the current financial mess showed the truth about their ways!

Please be my guest, try suing the worlds biggest automotive manufacturers, we will we see how much you'll lose from what your wife will leave you after your divorce is over!

BTW, tell us Bernie, is there a new Concorde agreement in place since the previous one expired? If not than you can't sue anyone for anything.

“What he should do, rather than asking for money, with all the extra money Ferrari gets, he should share all that amongst the teams,” Ecclestone said of Di Montezemolo.

I don't think that 80.000.000 USD / 10 is enough incentive anyway, so be prepared to dwell deep in your and CVC's pockets Bernie!

“It’s a shame he’s not in touch with people that seem to run the company as opposed to what he does – work as a press officer,”

I think he might pay dearly for this one. Maybe in the very near future CVC will decide to have someone else to run the F1 business!

[Immampdah]

Remember GPMA?

Remember when there was a serious threat to F1, and Ecclestone felt it really hard?

Ferrari, like all others, was originally with GPMA. They were the first to break ranks, and that effectively killed GPMA.

What would have happened if GPMA's proposal for an alternate series had taken off? Maybe we would have been rid of CVC and Ecclestone and Mosley, all in one go?

Hopefully this time, all teams will stand together, in the form of FOTA, and end this madness which is the running of F1.

I hope you are right and this time Bernie will be kicked out!
First his wife and now the F1 teams, not a good year for the li'l guy.

[Immampdah]

Not so!! Ferrari sold out to Bernie by shafting the other teams and in doing so, Ferrari was "bought" by Bernie. (Bernie's words, not mine).

I'm just waiting to hear ioan's response. , should be a beauty, seeing ioan is normally quite a fair sort of guy.

As you can see Ferrari were not bought by anyone, they just cut themselves a bigger slice of the cake and now are looking for even more.

I thought you are better than that, I mean c'mon man, you can't eat everything Bernie throws to the media.
First he thought he 'bought' himself a wife and than Ferrari, now he finds out he was wrong twice! I didn't think he could be so dumb.

Bernie has to accept the reality,life is a b!tch and business is business and he's in the corner right now.

[Immampdah]

Whatever the rights and wrongs of the deal with Ferrari, I think Bernie's going public on it in such a blunt way does little for the image of the sport. Ferrari are not the ones to have anything to be ashamed about here.

Couldn't have said it any better!

Let's have a seat and enjoy what are hopefully Bernie's last kicks.

[Immampdah]

Getting a better deal from sponsors is business, however getting a better deal from the Governing body is something a little different.

I can see why it happened, you wouldn't want to see Ferrari walk away from F1 so an incentive was offered.

You are mistaking the commercial rights holder (business partner) with the Sports Governing body, which is something a little differenet!

[Immampdah]

Probly our innate sense of common decency, Gordon Gekko here notwithstanding.

Innate sense of common decency! If you had any you would see that you are lucky to have Gordon Brown as PM at this very moment!

[Immampdah]

I look at it differently - I would say that Ferrari ratted out on the other teams because Bernie bought" them. One could liken them to a traitor.

Your completely wrong and you've fallen for Bernie's empty words.

[quorceopporce]

You are mistaking the commercial rights holder (business partner) with the Sports Governing body, which is something a little differenet!

We have been through this quite a few times, and I still feel that the two are inextricably linked. Time for both parties to either roll back from this position or go the whole hog and 'merge', I think.

[Immampdah]

We have been through this quite a few times, and I still feel that the two are inextricably linked. Time for both parties to either roll back from this position or go the whole hog and 'merge', I think.

A merge is not possible as the FIA si responsible for the all the motorsports and the FOM is only the commercial manager of F1.
Other forms of motorsport would not like the ideea that the FOM gets their hand on everything, also other motorsports most certainly have other companies as commercial rights holders. SO there would be major problems everywhere in such case.

[quorceopporce]

A merge is not possible as the FIA si responsible for the all the motorsports and the FOM is only the commercial manager of F1.
Other forms of motorsport would not like the ideea that the FOM gets their hand on everything, also other motorsports most certainly have other companies as commercial rights holders. SO there would be major problems everywhere in such case.

OK, then — the commercial rights holder should be a faceless corporate entity without a well-known Bernie-style 'figurehead'. This would save everyone in the sport a lot of grief. Who cares who holds the commercial rights in most sports? We probably don't even know whether or not they are doing an especially good job. Yet in F1, this has become something of almost absurd importance.

[Immampdah]

OK, then — the commercial rights holder should be a faceless corporate entity without a well-known Bernie-style 'figurehead'.

I agree, it was always bad that the guy who does manage the money has more than a professional interaction with the participants.

CVC should have told Bernie to get lost when they bought the rights to F1. maybe they will do it now that the teams are displaying their disagreement with his way of doing what he calls "business".