Minardi may not survive without 'fighting fund'

Paul Stoddart of European Minardi Cosworth believes that his Anglo-Italian F1 team may yet go out of business because rival team principals have failed to cooperate over the 'fighting fund' that was designed to assist the genuine 'privateers', according to Motorsport News this morning. Stoddart says that Minardi is unlikely to compete in 2004 unless a solution is found soon

Minardi may not survive without 'fighting fund'

"I was promised a certain amount of money," said Stoddart, "and I haven't received it. I am frustrated by the lack of cooperation I've received from certain team principals. There's light at the end of the tunnel for the private teams, but we can't wait forever. I sincerely doubt Minardi will be here next season. I don't believe this is right for the sport - the integrity of the Constructors championship is very important."


The FIA made an agreement with the teams at the beginning of the year to provide the privateers with an extra percentage of the 2002 TV revenue. "If the manufacturers don't help the smaller teams," said FIA president Max Mosley, "then the smaller teams will disappear. Then the bigger teams will be forced, under the terms of the Concorde Agreement, to run three-car teams. And that will incur huge expense..."

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