GPWC remains 'united' in F1 power struggle

At last week's Monaco meeting, involving all the teams, the FIA and SLEC principal Bernie Ecclestone, provisional agreement was achieved on the urgent introduction of a raft of rule changes to improve safety and competition in F1, and drastically to reduce operational costs.

In addition, Ecclestone told the manufacturers that SLEC would keep its promise, made in a memorandum of understanding with GPWC in December 2003, to pay the teams a greater share of the commercial revenue.

However the latest GPWC statement said: "We regret that the memorandum of understanding signed in December last year has not been brought to a successful conclusion due to a lack of support from the SLEC shareholders. The GPWC remains united and, while we note the proposals from SLEC to improve the distribution of income from the sport to the teams, the other key objectives that we laid out remain outstanding. We believe that all these objectives must be met to secure the future of the sport."