First we have to ask if Ferrari, RBR & STR will be part of both F1 and FOTA1 since they will most likely still be listed on the entry list when it comes out today. Look for these three teams to file breach of contract lawsuits against the FIA immediately after the entry list is posted. But let’s assume that all 8 FOTA teams will be exclusive to the new breakaway series. Lola and N Technologies have withdrawn their entries from consideration which may be the start of a disturbing…
Read MoreTag: Bernie Ecclestone
F1 – Why So Quiet Bernie?
This is the sport that Bernie and Max brought to prominence. It has been Bernie’s life for decades. Mr. Ecclestone has proven to all that he is an unimaginably shrewd and capable businessman. So, why has he stood by the sidelines while Max and FOTA scuttled the ship? We can only make conjecture at this point. Bernie did make a statement this morning, “You’ll have to ask Max about it. For me, this situation is just back to the future.” Maybe referring to how he and Max gained control of…
Read MoreF1 – FOTA’s Gambit
We here at Open Paddock have been pretty shy about jumping on the F1 media train for the last couple months since the politics of F1 have overshadowed the racing. But this situation has finally come to a head, so let’s discuss. Is this a page out of Max’s handbook of extreme bargaining tactics, or is that FOTA’s final word? Max has become a broken record when it comes to negotiations. He comes out with a monstrously extreme position that is only intended to make the other bargaining party enter…
Read MoreF1 – Bernie Has an Idea
On the heels of the cost capping announcement from the FIA, a bright light bulb has appeared above Bernie Ecclestone’s head. He has thrown out the idea that the teams should pay back some of their 50% share of the commercial revenue to help circuits make their sanction fee payments to him. Bernie works for CVC capital partners who is the current commercial rights holder, having bought those rights from Bernie. When they purchased the rights, they took out massive loans to pay off their investment and have pumped as…
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