Behind the Smoke Screen
Last weekend's announcement from the GPMA appeared to spell the end of the war between the manufacturers and Formula One. Behind the scenes, however, it seems peace has not yet been reached
The most extraordinary thing about Sunday's 'peace agreement', which was announced as the cars were warming up for the Spanish Grand Prix, is that nowhere does it guarantee peace, and, in fact, could still result in the very opposite, possibly with just four motor manufacturer-backed teams and not five.
The Grand Prix Manufacturers' Association's press release announced the signing by all five members of a Memorandum of Understanding on the commercial structure of Formula One. However, at no stage has there been an announcement that Bernie Ecclestone or his majority shareholder CVC Capital Partners have also accepted this MoU.
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