Saturday, March 24, 2012

Ecclestone, Formula 1 binds to the top teams


The future of Formula 1 is right on track. CEO Bernie Ecclestone has most of the team on his side. 

That gave the 81-year-old Briton announced on Saturday. Accordingly, a new 'Concorde Agreement', which forms the financial basis of the premier class, only a matter of time. Top teams like Ferrari and Red Bull may have received concessions.
"I'm very happy to announce that with the majority of the current Formula 1 teams, including Ferrari, McLaren and Red Bull Racing on the conditions under which they take part at the end of the current Concorde Agreement in Formula 1 commercial have made arrangements, "was Ecclestone's statement. His planned trip to the Grand Prix of Malaysia, the big shot at the weekend but canceled at short notice.
In addition to the three top teams have to also clean, Force India, Toro Rosso, Lotus and the basic agreement with Ecclestone's Formula One Management (FOM) approved. Apart from the laggards Caterham, Marussia and HRT seem only Mercedes and Williams to grace yet.
Ferrari and Red Bull should be greater voice and with special conditions have made lure. Ferrari is to receive a planned initial public offering of the F1 holding company Delta Topco a block of shares, each double-world champion in the manufacturer's championship since 2008, a special payment.
The scheme would be true only on Red Bull, the payment shall be according to an industry blog of "Sky News" 35 million dollars (26.4 million euros). "The contents of the agreements with all the teams is completely confidential," Red Bull team boss Christian Horner said at Sepang on Saturday with a smile. The trends are still positive.


No comments:

Post a Comment