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."
Share Or Save This Story
Alex Zanardi open to Daytona 24 Hours or Indianapolis 500 bid
Giacomo Agostini says Rossi and Lorenzo will renew hostilities
Working Men: Interview with Ferrari's Test Drivers
History repeats as 70th anniversary of Mallory Park is celebrated
How Sutton's BTCC steamroller overcame Snetterton challenges
Rossi faces key decision: Who will replace di Giannantonio at VR46?
Red Bull reacts to Verstappen’s criticism – why ‘I told you’ moments are needed
Subscribe and access Autosport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
Top Comments