Ferrari Advised of Legal Action by Ecclestone

Ok .. sorry all in jest then, cranky bastage I like ..

Whatever I'am it sure is better than pretending to be mad, I mean, who would have noticed another madman moron round here.

 

Sort of yes and sort of no. David, scroll below to the ******, this will tell you about the FIA, and the fact that the position that Mosley holds FOR THE FOURTH TERM has much power. And certainly if Ferrari was offered this "special dispensation by the Pope of motorsports, I guess they had no choice but to take it. Sort of yes and sort of no.

Start here:

The Fédération Internationale de l'Automobile, commonly referred to as the FIA, is a non-profit association established as the Association Internationale des Automobile Clubs Reconnus (AIACR) on June 20, 1904 to represent the interests of motoring organisations and motor car users. To the general public, the FIA is mostly known as the governing body for many motor racing events.

In 1922, the FIA delegated the organisation of automobile racing to the Commission Sportive Internationale (CSI), an autonomous committee that later became the Fédération Internationale du Sport Automobile (FISA). A restructuring of the FIA in 1993 led to the disappearance of the FISA, putting motor racing under direct management of the FIA.

**************************(Right here David)

The FIA General Assembly is The Federation's supreme governing body, consisting of the presidents of the FIA's numerous member clubs.

The head of the FIA and chairman of the General Assembly IS THE PRESIDENT (!). The President is elected to a four-year term by the FIA General Assembly, and from October 2005 onward will not be permitted to serve more than two terms. The current President, who took office in 1993 and began his fourth term in 2005, is Max Mosley.

The 10-member FIA Senate consists the President of the Senate; the current and previous Presidents of the FIA; the Deputy President for the FIA Mobility and the Automobile group; the Deputy President for FIA Sport group; and five further members elected by the General Assembly. From FIA Statue #17: "The Senate takes the decisions required by the management of the FIA when circumstances do not permit a meeting of the Committee or of the World Councils, especially in cases of emergency; decisions thus taken must be confirmed during the next meeting of the Committee or of the relevant World Council."

The Senate also makes accounting and budget decisions, preparing draft budgets for the World Councils. The Senate forms sub-Committees on subjects such as Commercial Promotions, in order to make recommendations and review proposals.

The FIA World Council for Mobility and the Automobile governs all non-sporting FIA activities, and is headed by the Deputy President for Mobility and the Automobile.

The FIA World Motor Sport Council governs all the sporting events regulated by the FIA. It is also responsible for the promotion of safety in worldwide motorsport, the encouragement of standardized regulations, and the promotion of motorsport in new markets, including developing countries. The council consists of the FIA President, and Deputy President, seven FIA vice-presidents, and 17 other members. The seventeen others must represent a national sporting authority for at least one international event.

*********(below, this sort is a place to go complain, but sort of not)

The FIA International Court of Appeal is the final appeal tribunal for international motor sport. It resolves disputes brought before it by any of motorsport’s National Sporting Authorities worldwide, or by the President of the FIA. It can also settle non-sporting disputes brought by national motoring organizations affiliated to the FIA.

Other organisations and posts include the Mobility and Automobile commissions, sporting commissions, the FIA Deputy President for Sport, and the FIA Secretariat.

 

Ron, thanks for the cite.
The question is who does the FIA Pres. answer to? My guess is that he answers to people within the FIA whom he appoints and who are beholding to him for their national fiefdoms and for their incomes. That and his personal morality (a moment's rest while Steve chokes). All in all not much of a rein on him is it?

 

Ferrari charges $400 usd for a day- night mirror on a 350k car. Anybody think they'll say no to more money and power offered by Maxxx and the runt?
The international auto clubs can hold a general meeting like they did with Sadogate. Not that Maxxx would let anything change. He looked like an idiot when Windsor talked to him in the pits.

 

Yes but my wife did think his tie was nice

 

And I hope I have as much hair as Bernie when I am his age.

As for who controls Mosley, it used to be Bernie. In reality, we are finding that it is now the teams, FOTA, that will need to hold him accountable. But since he lines some of their pockets, that may be hard to do.

I do agree with him completely that some sort of budget caps are needed primarily to bring in new teams to fill in the likely future gaps in the grid. Three car teams just do not get it for me. I do not agree with the methods he proposed to implement the budget caps. As for the way he did it, he saw a previously unresponsive ununified (is that a word?) group of participants who were too interested in their own worlds to get to together to discuss the future changes that were put on the table years ago. Shame on the teams for waiting until they were forced to react.

So Max tried to take advantage of the situation. I guess I would do the same if in his shoes. By doing this, he did succeed in forcing the teams to unify to stop the FIA from moving forward with some drastic changes. So you can thank Max for a strong FOTA.

 

I'll have to settle just to reach his age

 

Sorry, I went back and answered your other question.

 

"The enemy of my enemy is my friend".
Not what Max had in mind though.

 

Steve, there are always two parties to a 'bribe', why get so worked up about just one of them?

 

I was highlighting it for the thicko's...

 

Dave some bits seemed to have conveniently omitted.

A local court in Germany ruled that the television rights to the FIA European Truck Racing Cup (passed to Ecclestone by the FIA the previous year, along with all other FIA authorised championships) should be returned to the series organiser. Mosley immediately cancelled the series, but reversed the decision when threatened with a fine or prison sentence by the court. Between 1997 and 2000 Mosley repeatedly said that if the EU decision went against the FIA, the marketing organisations and F1 itself would be moved out of Europe. In 2000, the EU Commission Directorate-General for Competition decided that the FIA’s practices were against European competition law.

The rights to FIA-authorised series were returned to the series organisers. In order to maintain Ecclestone's investment to deliver digital television and satisfy the EU that the rights had effectively been disposed of by the FIA, Mosley came up with the idea of extending Ecclestone's rights for F1 coverage to 100 years from the initial 15. He removed himself from the detailed negotiations, which eventually returned around $300 million.

 

Oddly in this case the "public" authority is bribing the private entity.

 

Interesting but how does FOM enter into the mix other than the TV rights and are they a european entity subject to the EU as well?

 

Some of the answer maybe here Dave, I haven't had time to read it.

http://en.wikipedia.org/wiki/Formula_One_Administration

 

Trying to make my head explode?
I'll forward it to my atty for translation and send you the bill
Quite interesting but raises more questions than it answers.

 

Some of the highlights of FOM:

Formula One Management Ltd. or FOM controls the media distribution and promotion of content regarding Formula One. The Formula One website content is managed by Formula One Management. Financially, FOM provides partial investment for tracks and teams in order to establish Formula One where its popularity may not be well established. FOM maintains the commercial rights to the team names and all media content regarding Formula One. Coordination of planning and racing events are done with the Fédération Internationale de l'Automobile or FIA.

The Formula One Group is a group of companies responsible for the promotion of the FIA Formula One World Championship and exploitation of the sport's commercial rights. The Group is owned ultimately by Delta Topco, a Jersey–based company owned by CVC Capital Partners' funds (approximately 70%) and JPMorgan (approximately 20%). Bernie Ecclestone's family trust owns the remainder apart from small shares held by financial advisers and Ecclestone himself. (Interesting in that Bernie owns less than 10%)

"Formula One Group" strictly refers to Formula One Management, Formula One Administration and Formula One Licensing BV,which are subsidiaries of the Formula One Holdings holding company. However Delta Topco owns other Formula One businesses which are referred to in the same way.





David, this suggests that there is responsibility to the EC:

Before they could exercise their rights as shareholders they had to seek clearance from the European Commission. In the intervening period Ecclestone instituted changes in the boards of SLEC, FOH, Formula One Administration (FOA) and Formula One Management (FOM) which in effect put Bambino Holdings in control of those companies.

 

I read it also, and you are correct, many questions. An intricate web of financial protection for Bernie. But with less then 10% ownership, and the teams already receiving 47% to his 23% of TV revenues, where would there be an increase for the teams?

And the 30% to the FIA is how they pay for administration, so could theye get a smaller share? Is there a legal reason for the percentages or strictly negotiated amounts?

 

Yes, it is a strange situation, although it's just about possible to understand the motives of both parties. The FIA wanted to prevent the teams from leaving F1 "in the interests of the sport", and Ferrari, who may or may not have been enthusiatic about a breakaway in any case, saw it as an opportunity to rake in a bit of cash and get some additional influence in F1 affairs. It worked out pretty well for both of them (don't know what the other constructors and the fans feel though ) until now, when it might be coming back to bite them in the bum (a$$).

 

Everything is negotiable in life
The saving grace in all this may be the greed of all the parties. A healthy, profitable F1 benefits all. Except maybe the fans.
It looks like FOTA has succeeded in increasing their share of the revenues and that serves the same purpose as lowering their costs doesn't it?
I was struck by the image of Multi-millionaires on a Mega-mega-buck yacht moored in the most expensive bit of liquid real estate on the planet begging for someone to stop them from spending too much money.

 

Ha ha indeed, I think it's time, for Mr Spank to pay a short sharp trip to Bottieland.

 

Do I want to know what that means?

 

Well Max has had a rough weekend IMO, he will be in need of some relief, and we all know he likes being told he has been a naughty boy.

Sie vill nicht upzet die ze manner in rot....Thwack!!..

 

Oh