Red Bull Racing commit to Formula One to 2012 Joining Ferrari in F1 with new deal with FOA Red Bull Racing has joined Ferrari in committing to Formula One beyond the end of the current Concorde agreement which expires at the end of 2007. Ferrari was the first team to announce a new deal with Formula One Administration in January. The Milton-Keynes based team confirmed today that it has reached an understanding with FOA to prolong the current Concorde Agreement from 2008 until 2012. With Red Bull Racing joining Ferrari and continuing Formula One as we know it, the manufacturer backed teams are planning their own break-away series for the 2008 season as they seek greater transparency than they believe they have with the current regime and also seek a greater slice of revenues. Red Bull announced at the San Marino Grand Prix that they will use Ferrari engines in 2006 and are also expected to make the move over from Michelin tyres to Bridgestone at the end of the season. Earl ALEXANDER © CAPSIS International ======================= So much for Ron Dennis and his GPWC!
I don't know about that. The thing with Red Bull is that they're not a manufacturer, they're in F1 to sell energy drinks. That's a far cry from BMW or Renault. Red Bull is also snuggled up close to Ferrari right now, and I doubt Ferrari would provide engines for a series that they're not racing in. I can see Toyota, Honda, BMW, Mercedes and Renault still leaving. I would guess that Midland/Jordan would be better served in F1, and who knows what PS will do...
Toyota - President Katsuaki Watanabe has already signaled that all this talk about a new series is not why Toyota joined F1 and a new series is not what Toyota are looking for. BMW - BMW are set to take over Sauber on January 1st 2006. I am sure that by January 5th there will be a deal with the FOA. Renault - Carlos Ghosn, President and CEO of Renault is currently letting Flavio call the shots but just wait till things get serious. The real negotiating team for Renault has not yet emerged. Mercedes - They really have to make a choice regarding McLaren. This has been a good partnership but there comes a time when everyone must get practical. We have not seen the factory silver arrows for a long time. Honda - I don't think even they know what they want. Jordan/ Midland - up for sale again Williams - soon to be up for sale Minardi - should have been sold a long time ago!
I honestly doubt that a breakaway series will ever be successful since the teams currently can come to an agreement about anything. If they form up there own series i doubt they could ever get going as they would spend more time pointing the finger at each other accusing each other of cheating.
True I always said a benevolent dictator is the best thing that can happen to F1. Unfortunately the current dictator got senile. I'm happy to hear the Red Bull news. At least Ferrari has now a team to "race" against in 2008. And we thought 6 cars at USGP weren't enough...
This is sure sounding more and more like IRL/CART. Team owners can not be in charge of a racing series, CART proved this. It will not work in the long run. Personally, I could not care less what any of the current Michelin teams do in the future. If you look at the typical F1 race attendee at each event, the majority of them are wearing red. I would guess that most F1 fans would go along with Ferrari.
They never mention it, but I wonder where the driver's stand in all of this. With CART/IRL it was pretty clear, with the GPWC is appears that driver's are supposedly going to stick with their current teams if they defected. But if the breakaway series is a total bust, nothing by political volleying between the egoists, what driver (kimi, fernando, etc.) is going to want to be a part of it?
Isn't there a clause in Concorde agreement that Berny must provide 20 cars on a grid. So if there is no 20 cars in F1 in 2007 all contracts are voidable and nothing stops Red Bull to run in GPWC? Basically - that contract not really bounding as long as there is a GPWC ? And signing it is more of a PR move than actual preference of F1 over GPWC ?
Hot on the heels of the announcement earlier this week that Red Bull Racing has signed up to Formula one through to 2012, Midland F1, owner of Jordan Grand Prix, today confirmed that it has signed to compete in the 2008 to 2012 Formula One World Championship regulated by a revised Concorde Agreement. Bernie Ecclestone was instrumental in bringing Midland to Formula One and from the very beginning Alex Shnaider was supportive of his vision for the future of Formula One and the World Championship, stated Colin Kolles, Managing director Midland F1. We are happy and proud to be in at the beginning of this process which will shape Formula Ones long term future. The remaining seven teams have yet to agree terms with Formula One Administration to run in the FIA sanctioned series and are exploring their options. E.A. Source Midland / Jordan ========================= So much for Ron Dennis and his GPWC!
That threat is still pretty real: So far the FIA has THE top team, one midfield team and one backmarker. The Dark Side has three top teams, three midfield teams and one backmarker. More teams need to sign the agreement to make GPWC go away for good.
Just 3 months ago everyone was stating that it will be: Ferrari racing no one in F1 9 GPWC teams In the space of 2 days 3 F1 teams 7 GPWC teams In the end it will be 8 F1 teams Minardi racing McLaren in the GPWC
Uhh, please...as soon as it was rumored RBR would be using Ferrari engines I don't think anyone in their right mind would be choosing them to stay with the GPWC. And now Midland joins...what a massive shift of power that was.
