Mosley's legacy?
Discussion
http://www.timesonline.co.uk/tol/sport/formula_1/a...
It would be easy to read too much into this announcement of course, so here goes:
We have all ten teams agreeing to work together. The only thing that this can mean is that it is being set up as a buffer against Mosley, or at least his propensity for overriding their wishes. He ignored the concord agreement when it suited him, such as when opting for a change in engine regs, and didn't suit all the teams.
Whether this is a good thing or not is open to question.
I've often wished for some kind of regulator on the power of the il presidento Moses, especially after the debacle of the Indy GP, but I'm not sure if this is what I wanted. A damaged Mosley on one side and the CVC, Eccs and the teams on the other.
Still, the up side is that Ferrari, together with little them, would not have agreed to join the group unless they were worried about Mosley's tenure.
Mind you, there will probably be some more information on this later and that might clarify the situation. Mosley has come out with:
http://www.pitpass.com/fes_php/pitpass_news_item.p...
which, as it is headed 'Times have changed', might well be a trifle too prophetic for him.
It would be easy to read too much into this announcement of course, so here goes:
We have all ten teams agreeing to work together. The only thing that this can mean is that it is being set up as a buffer against Mosley, or at least his propensity for overriding their wishes. He ignored the concord agreement when it suited him, such as when opting for a change in engine regs, and didn't suit all the teams.
Whether this is a good thing or not is open to question.
I've often wished for some kind of regulator on the power of the il presidento Moses, especially after the debacle of the Indy GP, but I'm not sure if this is what I wanted. A damaged Mosley on one side and the CVC, Eccs and the teams on the other.
Still, the up side is that Ferrari, together with little them, would not have agreed to join the group unless they were worried about Mosley's tenure.
Mind you, there will probably be some more information on this later and that might clarify the situation. Mosley has come out with:
http://www.pitpass.com/fes_php/pitpass_news_item.p...
which, as it is headed 'Times have changed', might well be a trifle too prophetic for him.
Derek Smith said:
It is no surprise, after www.pitpass.com and the Telegraph, wittingly or not, allowed themselves to be the PR organs for the Mosley defence, that the former would again regurgitate Mosley's risible sophistries without question.[quote=Derek Smith}We have all ten teams agreeing to work together. The only thing that this can mean is that it is being set up as a buffer against Mosley, or at least his propensity for overriding their wishes.
[/quote]
Except we've been here before. Ten teams agree to work together. One promptly does an exclusive deal behind the other nine's back.
I'll give it nine months.
[/quote]
Except we've been here before. Ten teams agree to work together. One promptly does an exclusive deal behind the other nine's back.
I'll give it nine months.
HiRich said:
Derek Smith said:
We have all ten teams agreeing to work together. The only thing that this can mean is that it is being set up as a buffer against Mosley, or at least his propensity for overriding their wishes.
Except we've been here before. Ten teams agree to work together. One promptly does an exclusive deal behind the other nine's back.I'll give it nine months.
n3il123 said:
first thing that struck me was that it sounded just like the start of the Fisa/ Foca wars in the early 80's Bernie and the teams on one side and the Fia on the other.. just this time Ferrari are on the teams side and Max is on the FIA's...
Strikes anyone?
The difference now is that Mosely's authority has dwindled, not only by his behaviour but by saying essentially that he's yesterday's man. After the FISA/FOCA battles, the FISA was in the ascendant. Now, with the internal bickering and threats to quit which is the real lagacy of Mosley's time in the FiA, it would appear that he's played right into the hands of Ecclestone.Strikes anyone?
Mosley will almost certainly wish to retain some form of power when he leaves the presidency but with so many clubs threatening to leave, one would assume that the only way to appease them would be to let them put one of their 'men' into power. I can't see Mosley being able to work with them.
We are, at the very least, in for an intersting year or so with regards politics of F1 and FiA.
There probably are, as usual in F1, quite a few layers to this onion.
One of the outer ones has to be the fact that 2-3 weeks ago Mini dictated that the cost of running a team had to be cut by 50%, and he was giving the teams 90 days to come up with a plan to do that. If their plan was not to his liking, he said, he would then impose his own.
I construed this meeting to be a reaction to that command, although no doubt other subjects were discussed.
One of the outer ones has to be the fact that 2-3 weeks ago Mini dictated that the cost of running a team had to be cut by 50%, and he was giving the teams 90 days to come up with a plan to do that. If their plan was not to his liking, he said, he would then impose his own.
I construed this meeting to be a reaction to that command, although no doubt other subjects were discussed.
“Also the 11th and 12th places need to be looked after. Because to say to people, you can come and race but you don’t get any money for two years seems difficult, if you want to encourage people to come in.”
This from the man that required a $48 million bond for a new team to enter the sport.
This from the man that required a $48 million bond for a new team to enter the sport.
Mojocvh said:
Excerpt from same:In the midst of this, CVC Capital Partners, which owns 75% of the commercial rights, is rumoured to be looking to sell its stake, but would need a new Agreement before it can do so.
The FIA retains a veto over who the commercial rights can be sold to – but Mosley says he would be willing to give more freedom to CVC on that matter if the FIA could take further control over the operational aspects of grand prix weekends.
CVC, it would seem, has figured out that it is in this thing over its head. With the credit crunch, it probably also sees numerous more attractive ways of generating a return that getting involved with the insane world of Bernie, Max, and the floating opera of Formula One.
But...they cannot sell unless Max approves of the new owner. And where might that new owner come from? Probably from a place with a lot of money, and a disproportionate interest in motor racing as a means of globalising its culture and having a bit of fun. That is to say, the Middle East.
Now, who is in the Middle East and might be well-connected enough to put such a deal together? Well, there's one chap, I think he's called Mohammad Bin Sulaymen. Wait, haven't we heard that name recently?
So Max tells CVC that they can forget it with essentially financial, rate-of-return buyers. He can, however, recommend a group with plenty of funding and a proven record of interest in the sport. Just call Abu Dhabi 224-6712.
Stay tuned, if you can bear it.
flemke said:
Mojocvh said:
Excerpt from same:In the midst of this, CVC Capital Partners, which owns 75% of the commercial rights, is rumoured to be looking to sell its stake, but would need a new Agreement before it can do so.
The FIA retains a veto over who the commercial rights can be sold to – but Mosley says he would be willing to give more freedom to CVC on that matter if the FIA could take further control over the operational aspects of grand prix weekends.
CVC, it would seem, has figured out that it is in this thing over its head. With the credit crunch, it probably also sees numerous more attractive ways of generating a return that getting involved with the insane world of Bernie, Max, and the floating opera of Formula One.
But...they cannot sell unless Max approves of the new owner. And where might that new owner come from? Probably from a place with a lot of money, and a disproportionate interest in motor racing as a means of globalising its culture and having a bit of fun. That is to say, the Middle East.
Now, who is in the Middle East and might be well-connected enough to put such a deal together? Well, there's one chap, I think he's called Mohammad Bin Sulaymen. Wait, haven't we heard that name recently?
So Max tells CVC that they can forget it with essentially financial, rate-of-return buyers. He can, however, recommend a group with plenty of funding and a proven record of interest in the sport. Just call Abu Dhabi 224-6712.
Stay tuned, if you can bear it.
Of course, if it is your guy, no doubt Mr E would be hiding behind the throne.
Forums | General Motorsport | Top of Page | What's New | My Stuff