Ecclestone Threatens Legal Actions Against GPWC

F1 supremo Bernie Ecclestone threatens to sue the carmakers involved in GPWC if they continue to destabilise Formula One. "The writs will fall like leaves in autumn," Ecclestone told the Financial Times.

Ecclestone Threatens Legal Actions Against GPWC

F1 supremo Bernie Ecclestone threatens to sue the carmakers involved in GPWC if they continue to destabilise Formula One. "The writs will fall like leaves in autumn," Ecclestone told the Financial Times.

"We're like a big car showroom, and these people wanted to come and put their cars in the showroom," Ecclestone further explained. "Now they're inside the showroom, they want to break all the glass so nobody can see. They should be building the brand.

"It's having a terrible effect already. I've had one big sponsor say to me 'we're sorry Mr Ecclestone, we haven't told the team yet but we are not going to continue in F1 because of the uncertainties'."

Ecclestone currently owns 25 percent of F1's commercial rights holding company, SLEC, having sold the remaining 75% to EM.TV and later to now insolvent Kirch. These shares are now held by three banks. Ecclestone recently said he would attempt to purchase these shares back in order to bring back stability to the sport.

Ecclestone himself, now 72 years old, has also been attempting to reach a settlement with the carmakers and recently suggested a new Concorde Agreement should be made before the current expires, at the end of 2007. However, he has been met with opposition from the GPWC who want greater control over the sport as well as higher revenues apportioned to them.

"I suppose when I am no longer here, you'll have a completely different structure and a different form of management," Ecclestone told the newspaper. "And maybe it'll be better. Provided it's not going to be a whole load of accountants and lawyers, it'll probably work. But it's a little bit like the rule changes - you won't know until it's happened.

"Certainly, I wouldn't want to leave things as they currently are. I'd like to leave when Formula One is back where it was: on the top."

shares
comments
FIA and Rubython Issue Contradicting Clarifications

Previous article

FIA and Rubython Issue Contradicting Clarifications

Next article

Small teams hail new qualifying format

Small teams hail new qualifying format
Load comments
The other notable Monza escape that F1 should learn from Plus

The other notable Monza escape that F1 should learn from

OPINION: The headlines were dominated by the Italian Grand Prix crash between Max Verstappen and Lewis Hamilton, who had the halo to thank for avoiding potentially serious injury. But two days earlier, Formula 1 had a lucky escape with a Monza pitlane incident that could also have had grave consequences

How Monza only added more questions to F1's sprint race conundrum Plus

How Monza only added more questions to F1's sprint race conundrum

With two sprint races under its belt, Formula 1 must now consider its options for them going forward. While they've helped deliver exciting racing on Sundays, the sprints themselves have been somewhat lacking - creating yet another conundrum for F1 to solve...

Formula 1
Sep 16, 2021
Who should Alfa Romeo sign for 2022's F1 season? Plus

Who should Alfa Romeo sign for 2022's F1 season?

OPINION: With Valtteri Bottas already signed up for 2022, all eyes are on the race for the second seat at Alfa Romeo next year. Antonio Giovinazzi is the current incumbent, but faces a tough competition from appealing short and long-term prospects

Formula 1
Sep 15, 2021
The "forced break" that was key to Ricciardo's Monza excellence Plus

The "forced break" that was key to Ricciardo's Monza excellence

OPINION: Daniel Ricciardo has long been considered one of Formula 1’s elite drivers. But his struggles at McLaren since switching from Renault for 2021 have been painful to watch at times. Yet he’s recovered to banish those memories with a famous Monza win – built on a critically important foundation

Formula 1
Sep 14, 2021
How Verstappen is ruining his F1 title battle with Hamilton Plus

How Verstappen is ruining his F1 title battle with Hamilton

OPINION: The Italian GP clash between Lewis Hamilton and Max Verstappen followed a running theme in the 2021 Formula 1 title fight. Their close-quarters battles have often resulted in contact - and although Hamilton has shown a willingness to back off, Verstappen must learn to temper his aggression

Formula 1
Sep 14, 2021
Italian Grand Prix Driver Ratings Plus

Italian Grand Prix Driver Ratings

Two drivers produced maximum-score performances as, for the second year in a row, Monza threw up an unpredictable result that left several others ruing what might have been

Formula 1
Sep 13, 2021
Why Ricciardo was set for Monza F1 triumph even without Verstappen/Hamilton crash Plus

Why Ricciardo was set for Monza F1 triumph even without Verstappen/Hamilton crash

The clash between Max Verstappen and Lewis Hamilton was the major flashpoint the 2021 Italian Grand Prix will be remembered for. Yet by this point, race leader Daniel Ricciardo had already done the hard work that would put him in position to end his and McLaren's lengthy win droughts, on a memorable afternoon in Monza

Formula 1
Sep 13, 2021
Why Italian GP success is on for McLaren even if Verstappen dominates Plus

Why Italian GP success is on for McLaren even if Verstappen dominates

For the second time in 2021, McLaren will line up for the start of a grand prix from the first row. It knows it has the chance of “glory” if things go well for Daniel Ricciardo and Lando Norris at the start of the 2021 Italian Grand Prix, but even if they just maintain their grid positions, signs from the rest of the Monza weekend suggest success is very possible for Formula 1’s other orange army

Formula 1
Sep 12, 2021