Skip to main content

Sign up for free

  • Get quick access to your favorite articles

  • Manage alerts on breaking news and favorite drivers

  • Make your voice heard with article commenting.

Autosport Plus

Discover premium content
Subscribe

Recommended for you

Minardi payment still in the balance

KL Minardi Asiatech boss Paul Stoddart must await the outcome of yet another team manager's meeting before he knows whether or not he will receive the £8 million he feels the team is due from Formula 1 TV revenues

The matter looked likely to be resolved earlier this week when FIA president Max Mosley sent a letter to Bernie Ecclestone requesting that Minardi be paid the money. Other teams, however, have opposed the payment, saying that the money, which would have gone to Prost had the team not gone bust, should be divided equally among the remaining teams.

Ecclestone, therefore, could be concerned that his Formula One Management company might face action from other teams if he makes the payment to Minardi. Another meeting at 4pm tomorrow (Friday) is aimed at resolving the issue once and for all.

Stoddart, who has warned previously that without the money his team will not finish the season, said at Nurburgring: "We are being shafted, there is no other word for it. We seem to be pawns in a rather big game of politics, which I'm not happy with at all."

Stoddart had hoped to announce today that Minardi, having been paid, was now in a position to finish the season. Instead, he reiterated at Nurburgring: "We need to be paid and if I come out of the meeting knowing we will be paid, then I will make the announcement that Minardi will continue for the rest of the year. But, if I am shafted tomorrow, I will have a different opinion.

"It will not just be on monetary value but on whether or not I feel we have been shafted. And if we have been shafted then I want no part of this paddock. Pretty strong words, but that's how I feel."

Previous article Thursday's Press Conference - European GP
Next article Tyre firms against single-spec rubber

Top Comments