http://www.timesonline.co.uk/tol/sport/formula_1/article5372488.ece?Submitted=true From: Times Online Bernie Ecclestone, the Formula One commercial rights-holder, launched a stinging attack on Luca di Montezemolo yesterday, effectively telling the Ferrari president to mind his own business, in the wake of the latters criticisms of the way Ecclestone is running the sport. Speaking at the Ferrari factory in Maranello, Italy, this week, Di Montezemolo said that Formula One was not being run in what he called a normal manner, that the sport did not need a dictator, in a remark taken as a reference to Ecclestone, and that teams wanted more of the sports vast income and greater transparency from Ecclestone about the extent of that money. We want to know more about the revenues, he said. An angry Ecclestone told The Times that Di Montezemolo should be the last person to be complaining about how much income the teams receive. The only thing he has not mentioned is the extra money Ferrari get above all the other teams and all the extra things Ferrari have had for years the general help they are considered to have had in Formula One, Ecclestone said. It has always been known that Ferrari, whose presence on the grid is regarded as critical to the success and prestige of the championship, are on a special deal with Ecclestones company and get more money than their rivals. But Ecclestone put a figure on that for the first time yesterday, something that could be designed to drive a wedge between the Scuderia and the other teams. Ferrari get so much more money than everyone else, he said. They know exactly what they get, they are not that stupid, although they are not that bright, either. They get about $80 million (about £54 million) more. When they win the constructors championship, which they did this year, they got $80 million more than if McLaren had won it. Ecclestone added that the special deal with the Italian sports car manufacturer goes back to the attempt by the teams to form a breakaway championship in 2003, when Ferrari were the first to return to the fold. They were the only team that broke ranks with the other manufacturers why did they break ranks? he said. Thats where the $80 million comes in. We bought Ferrari. We bought Ferraris loyalty. Our deal with Ferrari was that we bought them so they would not go to the others. Di Montezemolos call for more transparency about the huge annual income of Formula One was interpreted by Ecclestone as a thinly veiled attack on his business ethics. He said that since the first formal deal under which the teams race was signed, in 1981, the so-called Concorde Agreement, they have had the right to examine the finances of the business. They have the right to send people into the company and search for everything, Ecclestone said. Ferrari in particular, more than anybody, from day one, have had the right and theyve never done it. We have bankers here and weve got CVC (CVC Capital Partners, the principal owners of Formula One) checking every single solitary thing. So anybody that starts saying that weve done anything wrong, Ill sue the a*** off them. As far as Di Montezemolos ambition to wrest more money for the teams from Ecclestone, the 78-year-old billionaire cast doubt on the chances of him agreeing to meeting in the new year to discuss this. Previously he had suggested that the teams should get less income, not more, in the light of the recent cost-cutting deal concluded with the FIA. He had a different idea yesterday. What he should do, rather than asking for money, with all the extra money Ferrari gets, he should share all that amongst the teams, Ecclestone said of Di Montezemolo. The Ferrari president levelled a number of specific charges against Ecclestone, among them the decision to cancel the Canadian Grand Prix, which Di Montezemolo said he had found out about in the newspapers. Once again the pugilistic Formula One official was having none of it. The reason the Canadian Grand Prix is finished has been discussed with all the teams, including him, and it was agreed that what Canada was paying was nowhere near enough, Ecclestone said. In a final thought, he suggested that the Ferrari president knows less about his company than his own employees. Its a shame hes not in touch with people that seem to run the company as opposed to what he does work as a press officer, Ecclestone said.
But F1 would never think of manufacturing a win for Ferrari out of thin air, would they ? . Yeah, right. Let's see, tarnish Ferrari's image and alienate the rest of the teams because you can't take criticism. Well done, Ace. Another reason for the manufacturers/teams to fold their tents. Can't wait to see where this leads.......
Whew, is there a small possibility that Bernie is slightly on edge?? Seems that Luca hit the bullseye
Yes it is true, due to the tough times and the continuing soap opera called F1, Bernie has lost his marbles and now he claims that Ferrari has them? What a scandal.
Big time...he's ruining F1, and his medal idea proves that the troll has lost it. Bernie needs to go-now!!!! FORZA LUCA!!!!
80 million additional reasons for Ferrari to never abandon F1 and play in the junior leagues of endurance racing.
Wrong, Bernie! I'll bet that what Canada was paying should have been quite enough; it's just that you've been forcing the other sites to pay too much! You need to roll back what you've been charging to what Canada was paying; maybe then you'd also get France, Germany and the U.S. back on the schedule!
Agreed in principle, but I'm wondering: Lots of the money squeezed out of the race organizers goes straight into Bernie's (make that now Slavica's ) pocket. But a great part of it goes into the teams' pool to pay back at the end of the season based on the results (see the 80 million commentary regarding Ferrari). So: It actually is in the teams' interest to have the greedy dwarf as their "tax collector" making the most cash for them. While they probably miss the US for its car market and some other places for their beauty or historic significance, in the end it matters little to them where the stage is. Each race nets the same amount of points, but the financial payback can be significantly higher. So it is fun to beat up on Bernie, in essence he is just doing what the teams want him to do. If you hate his greed, don't forget to criticize the teams. Including Ferrari and LdM.
Like the Joker said: "If you're good at something...never do it for free." ...and Ferrari know what they're good at.
It depends on what you consider 'a great part'. The teams had to threaten Bernie with pulling out for him to give 50% of the profit! Think of it this way, as things are now, Bernie makes the same profit as all the F1 teams on the grid combined. A ridiculous arrangement, IMO.
Hmm. Luca questions Bernie's business practices, and Bernie responds by claiming to have bribed Ferrari to break up the "break-away" series? Doesn't that just make Luca's point? And it doesn't look good for F1 if Bernie's been having to bribe Ferrari to stay with it. So, Bernie, how much are you bribing McLaren to take a 100M "fine" and stick around?
The perhaps the first cracks in F1 are now showing. About bloody time. Best thing that could happen to racing in general is to have F1 just go away and die. The most absolutely irrelevant, corrupt and boring form of motorsport out there!
I think its 50% of the GROSS ! Not Net. And whats his overhead ? Plane tickets, Caviar, Entourage ? This is the thing that has always bothered me and I dont even play. I cant see how the teams can bear to think this is equitable. Ferrari apparently didnt and sold their competition down the river for a slightly larger slice. Shameful. If Bernie is factual in saying the teams had access to the books and didnt look at them, to me it shows how simplistic and naive they are when compared to the financiers who own the show.( And tell me again why they are needed? ) Even with multimillion dollar budgets the teams still operate like Mom and Pops. And divided to boot. Bernie has them and always will.
Is Bernie really spilling any beans here? Would the teams not already know what ferrari get in terms of "extra" cash? I thought this was a sticking point for may of the other teams in the past which was justified by Ferrari's "importance" and long term commitment to the sport.
Yes, I think it's 50% gross, but it's still an absurd figure. And whatever Bernie's overhead is, it's miniscule compared to running an F1 team, I'm guessing.