| ||||
![]() | ||||
![]() | ||||
![]() | ||||
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
Max Mosley, FIA President said, 'We are very pleased to have reached this agreement with Formula One’s commercial rights holder and the oldest team in the Championship. The agreement is significant because it will ensure the future development of the FIA’s most important Championship.' Bernie Ecclestone, Formula One Management (1) President said, 'Formula One Management are delighted that this agreement is in place and that the future of Formula One has now been stabilised.' The move has effectively sabotaged the GPWC, a rival bid to run F1 after 2007 by car manufacturers DaimlerChrysler, BMW, Renault, (before this) Fiat and (originally) Ford. Full marks to Bernie but, then, no-one really expected him to lose..... Quiz 1) Who's the only team anyone needs for a viable
F1? 3) What's Bernie got lots of? 4) What happened to Ford's involvement in F1? 5) Who do you reckon would run F1 better, Bernie or a lot of suits? Bonus point : When will Toyota jack it in? References 1) Formula One motor racing is controlled by a number of companies within the Formula One Group. The principal companies are Formula One Administration Limited and Formula One Management Limited. Another company called Formula One Holdings Limited ("FOH") is the parent or great-grandparent of both. FOH is in turn owned by SLEC Holdings Limited ("SLEC"). SLEC is owned 75 per cent by Speed Investments Limited ("Speed"), and 25 per cent by Bambino Holdings Limited ("Bambino"). Speed is in turn owned in varying proportions by three banks. Bambino is an Ecclestone family trust.
Click here to return to the Ferrari Happenings page.
|