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Old 22 Jun 2009, 21:04 (Ref:2488576)   #4
P38 in workshop
Veteran
 
Join Date: Feb 2008
Posts: 810
P38 in workshop has a lot of promise if they can keep it on the circuit!
This thread could get to the core of the dispute.How did the opportunity to exploit the benefits of participating in Formula one pass from FOCA to Bernie's company?Did the teams that comprised FOCA agree to the transfer?Carlos Ghosn seems to understand the issue and the new series seems to be heading in the direction of distributing the revenue among the participants.The FIA may be called upon to sanction circuits for the new series or to publish details of the standards that apply.Similarly,FOTA could appoint their own driver assessment panel to issue licences to suitably qualified drivers.They might cost less than the inflated fees charged by the FIA for superlicences and to avoid confusion could be called hyperlicences;-).I would imagine the operators of recently abandoned circuits could be brought onside by suggesting that they could keep the gate money if they provided marshals and safety cover and FOTA gets the trackside advertising revenue.The broadcasters would probably want to cover the series with known names,and with due respect to Manor,Ferrari are a bigger name.
The bottom line is that the teams have spent and continue to spend millions.The FIA may administer the series but they have no investment in it.They have profited from selling the commercial rights and the commercial rights holder has gained from selling on those rights.In return,the teams receive some benefits.In the new series,there are no "investors" taking a percentage and if enough middle men are eliminated,more money should find its way to the teams.Yes they will need to appoint some administrators to deal with circuit booking and bulk air freight.There will be broadcast contracts to negotiate and there may be fewer organisations taking a percentage along the way.I find it inconceivable that the expertise to set up a new series should not exist among FOTA members and wish them well with their endeavour.
P38 in workshop is offline