Briatore says new F1 deal is close
Renault team chief Flavio Briatore says Formula One's manufacturer-backed teams are close to an agreement with Bernie Ecclestone to commit to the sport beyond 2008
Briatore's comments follow positive signs from both Ecclestone and the Grand Prix Manufacturers' Association which suggest a deal is not far away.
The GPMA want a bigger share of the sport's revenues and they have threatened to launch their own championship from 2008, if their demands are not satisfied.
But Briatore has joined Ecclestone in saying the threat is close to going away.
"On a commercial level, we're close to an agreement with Ecclestone," Briatore told Gazzetta dello Sport. "The important thing is for F1 to generate profits, not costs. Our position is close to Ferrari's. The share to distribute to the teams should go from about 27% to 50-55%.
"Obviously we must not collect more money in order to just spend more. In 1995 we won the championship with 100 million dollars. Now we spend up to six times as much and the personnel has tripled, but we're not offering a spectacle up to the costs."
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