The announcement of settlement between Bernie Ecclestone and the three shareholding banks is unlikely to broker peace between Ecclestone and the opposition series, GPWC. If anything, smelling blood, the manufacturers' alliance is likely to increase the heat on F1's commercial rights holder. Unless, that is, the breakaway body has been directly involved in the negotiations and is a satisfied beneficiary of any settlement. But, based on information to hand, that is hardly the case, with the dispute hinging around control and ownership of the sport, and not the stated objectives (for which read 'demands') of GPWC, which revolve around matters of more equitable revenue distribution, total transparency in all dealings and renewed marketing and television thrusts.
PEACE IN OUR TIME?
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