Dennis: F1 should look at bigger picture

McLaren boss Ron Dennis has said that while the Michelin tyre controversy is not exactly a side issue, it is much less important than looking at the big picture, which he feels is dominated by the uncertainty surrounding the commercial ownership of the sport

Dennis: F1 should look at bigger picture

"The commercial instability that has come as a result of the demise of Kirch is still holding grand prix racing back," Dennis said at Monza. "Three-quarters of our business is held by non-interested parties," he added, referring to the three banks now responsible for the 75 percent former Kirch holding.

"Unfortunately, 75 percent in virtually all business, and certainly ours isn't the exception, constitutes control. There seems to be a complete naivety in all three banks in so much that anybody purchasing shares in that particular time is exposed to at least 50 percent loss purely as a result of the world economy and the 'dot.com' bubble bursting.

"They fail to grasp that very simple economic fact, which makes finding a way forward very difficult when they are just so reluctant to crystallise their loss and turn to the future of F1 and a more practical way to generate an income from their investment.

"They have a non-realistic approach to the future and it is that fundamental point we should lift our sights to and try to rise above these inevitable lesser issues. It is currently a great sport controlled by disinterested parties who are not prepared to sit down and talk about the things that we need to do to address some of the future issues in the sport."

shares
comments
Williams: Gene Free to Race Montoya

Previous article

Williams: Gene Free to Race Montoya

Next article

Grapevine: More News from the Paddock - Italian GP

Grapevine: More News from the Paddock - Italian GP
Load comments
Why unseen Hungary heroics could be the making of F1's most overlooked driver Plus

Why unseen Hungary heroics could be the making of F1's most overlooked driver

The chaotic start to the Hungarian GP set the scene for F1's less heralded drivers to make a name for themselves. Esteban Ocon did just that to win in fine style, but further down the order one driver was making his first visit to the points and - while the circumstances were fortunate - took full advantage of the chance presented to him

Hungarian Grand Prix Driver Ratings Plus

Hungarian Grand Prix Driver Ratings

This was race that showcased the best and worst of Formula 1, producing a first time winner and a memorable comeback to a podium finish. Avoiding trouble at the start and astute strategy calls were key to success, but where some drivers took full advantage, others made key errors that cost them dearly

Formula 1
Aug 2, 2021
The “heart-breaking” call that led to Ocon’s Hungarian GP triumph Plus

The “heart-breaking” call that led to Ocon’s Hungarian GP triumph

Set to restart the red-flagged Hungarian Grand Prix in second, Esteban Ocon had some doubts when he peeled into the pits to swap his intermediate tyres for slicks. But this "heart-breaking" call was vindicated in spectacular fashion as the Alpine driver staved off race-long pressure from Sebastian Vettel for a memorable maiden Formula 1 victory

Formula 1
Aug 2, 2021
The F1 champion who became an Indy king in his second career Plus

The F1 champion who became an Indy king in his second career

Emerson Fittipaldi’s decision to go racing with his brother led to him falling out of F1, but he bloomed again on the IndyCar scene. NIGEL ROEBUCK considers a career of two halves

Formula 1
Jul 31, 2021
Why Mercedes is pleased to be in the Hungary hunt at a 'Red Bull track' Plus

Why Mercedes is pleased to be in the Hungary hunt at a 'Red Bull track'

Mercedes ended Friday practice at the Hungaroring with a clear gap to Red Bull thanks to Valtteri Bottas’s pace in topping FP2. But there are other reasons why the Black Arrows squad feels satisfied with its progress so far at a track many Formula 1 observers reckon favours Red Bull overall

Formula 1
Jul 30, 2021
How Red Bull endured its second car crash in two weeks Plus

How Red Bull endured its second car crash in two weeks

OPINION: Red Bull was justified to be upset that Lewis Hamilton survived his British GP clash with Max Verstappen and went on to win. But its attempts to lobby the FIA to reconsider the severity of Hamilton's in-race penalty were always likely to backfire, and have only succeeded in creating a PR disaster that will distract from its on-track efforts

Formula 1
Jul 30, 2021
The ‘screaming’ F1 engine future that may not be out of reach Plus

The ‘screaming’ F1 engine future that may not be out of reach

OPINION: It wasn't just the Verstappen/Hamilton clash that had the Red Bull and Mercedes bosses at loggerheads at Silverstone, with the nature of Formula 1's 2025 engines also subject for disagreement. But hopes to have loud, emotive engines that are also environmentally friendly don't have to be opposed

Formula 1
Jul 29, 2021
The drivers that need to strike gold before F1's summer break Plus

The drivers that need to strike gold before F1's summer break

OPINION: Formula 1 is about to break up for summer 2021, with the title battles finely poised. But it’s not just the latest round of Max Verstappen vs Lewis Hamilton that will be worth watching this weekend in Hungary, as plenty of drivers are eying big results to change the stories of their seasons so far

Formula 1
Jul 28, 2021