Sometimes there’s nothing sexier than knowing that you’re doomed
FORMULA One has got a trifle silly.
FOTA, the teams association, has got the hump with Max Mosley and Bernie Ecclestone, so have decided to run off and play on their own.
And who can blame it?
Formula One is a very, very profitable business, gaining global television audiences every two weeks that only the World Cup and the Olympics can rival and they only come around every four years.
But 50p of every pound Formula One generates, goes straight into Ecclestone’s pocket.
Why would massive corporations like Ferrari, Toyota, BMW, Renault, Mercedes and Red Bull accept that?
They know that they can take especially their drivers but also their sponsors with them to drive on the tracks that Formula One fans want to see them race on, but which have been forced out of the sport by Ecclestone’s demands and replaced by empty stadiums in the Middle and Far East.
Tracks like Silverstone, Suzuka, Imola, Magny-Cours, Montreal and Indianapolis.
McLaren team principal, Martin Whitmarsh, said: “I don’t think there will be two premier racing championships. All I can say is that there will be a championship next year and that the major names that have historically been involved in motor racing will be racing together and I think that will be recognised as the major championship.”
There will be plenty more twists in this. The teams don’t want to have to set up their own championship, they just want the one they are currently in to be run more the way they want it to be.
And Mosley and Ecclestone know that what Whitmarsh is saying is correct
How to resolve the situation then?
Give the teams more money from the pot.
Reduce team budgets, but not to the proposed extent where the big teams such as Ferrari and Toyota will have to reduce their workforce by half.
Max Mosley should have resigned following 2008’s spankgate and he must now do so or at least say he will not stand for re-election at the end of season.