FIA and FOTA reach agreement, no parallel series

[stl0]

As part of this agreement, the teams will, within two years, reduce the costs of competing in the championship to the level of the early 1990s.


Exactly what level is that? What McLaren spent in 1990 or what Coloni spent? And most of the engines used in 1990 were Ford or Judd.

Patrick Head said that Williams spent about 40 million pounds in 1992. The thing is, 40 million bought a lot more in 1992 than it does in 2009.

In 1992 Max could get himself a high quality politically like-minded companion for about 10 quid. Let's ask them if they want to go back to 1992 levels for everything, or if it's just F1 they want to send back 17 years.

[gridwalker]

As part of this agreement, the teams will, within two years, reduce the costs of competing in the championship to the level of the early 1990s.


Exactly what level is that? What McLaren spent in 1990 or what Coloni spent? And most of the engines used in 1990 were Ford or Judd.

Patrick Head said that Williams spent about 40 million pounds in 1992. The thing is, 40 million bought a lot more in 1992 than it does in 2009.

In 1992 Max could get himself a high quality politically like-minded companion for about 10 quid. Let's ask them if they want to go back to 1992 levels for everything, or if it's just F1 they want to send back 17 years.

Nah ... Pro-Doms have always been more expensive than that ...

[WhiteBlue]

Oops, didn't see the new thread.

A good solution which came in the last moment and wasn't expected. Apparently there will be no extension of the Concord Agreement beyond 2012.

This means that Fota will have the opportunity to get a completely new deal without any strings attached for 2013. They seem to have taken the long view to the solution of the revenue and venue problem. But they certainly will have all the cards in their hands when a new deal will be done or they can go it solo from Bernie/CVC.

The FIA have achieved the cost reductions and three new teams and should be pleased about it. They did not get ProDrive/Aston Martin which is an indication for the weakness of this solution. In the end the new teams will rely on the goodwill of the FOTA to survive. One should not expect giant killing feats from them. It remains to be seen who will run the FIA next year. Hopefully some of the needed reforms should come and a person with greater people skill will prevail.

FOA/FOM saved their neck for the time being. They have been given a new chance to cut back on their appetite for money and prepare for more frugal times from 2013. Logic would say they will or they will be dropped by then. I would not be surprised if we see a correction of the calendar to show two North American races very soon.

[fbn]

no surprise, just as i said... politik rockt ^^

[xpensive]

You might have a point or two here and there WB. I hope that you are correct.

[gridwalker]

They're also missing one very important phrase : ADJUSTED FOR INFLATION

Without these 3 words, you are actually looking at a significant reduction over 1990 spending ...

[donskar]

What exactly have FOTA won?

The manufacturer teams have further agreed to the permanent and continuing role of the FIA as the sport’s governing body.

But nothing here about transparent, consistent governance -- a key FOTA demand.

They have also committed to the commercial arrangements for the FIA Formula One World Championship until 2012 and have agreed to renegotiate and extend this contract before the end of that period.

And nothing here about more equitable sharing of revenues.

I see no change in two areas that FOTA said were key to an agreement.

I'm looking hard for signs of a FOTA "win." Oh, wait, they did get a promise from Max! Now THAT is worth a whole lot.

[u401768]

odds on it will be Michel Boeri, who looks like he is taking ove the F1 area in the fia

http://joesaward.wordpress.com/

[u401768]

If the regs are as 2009 - dose this mean refuelling and tyres heaters are still in?

[The FOZ]

If the regs are as 2009 - dose this mean refuelling and tyres heaters are still in?

Wonderful question, and no press releases have addressed those issues directly. I suspect all these things, along with the rules pertaining to Cosworth's engines, will be clarified in the coming days...

[xpensive]

Tell me there's more to this than meets the eye, or is WB's analysis the correct one, DK?

[gcdugas]

If the FIA document of June 24 is all there is to it, I'm dissappointed beyond comprehension. Needless to say.

Horrible news. FOTA deserves to live under the evil of Stalin/Mao/Hitler/Bush. The teams just folded a royal flush to a busted straight. Unless Bernie agreed to a 85/15 split, immediate payment of all outstanding sums (tens of millions) due under the MOU, and a 50% reduction in the cost to track promoters and halving ticket prices, reinstating some of the old venues, giving the teams 100% control over the regs, and a total dismantling of the WMSC and all the crooked incompetent dopes at the FIA immediately replacing Mosley with Ron Dennis or Stoddart, I can't see a bit of good coming out of this. We are now stuck with the boneheaded organization that gave us the Spa decision, TMDs being movable aero devices and stewards who don't look at the video before issuing a ruling. This is just another travesty in a long line of self-afflicted abuses. The teams will certainly regret it. The fans will certainly get an inferior show and the regs will still suck.

What kind of goofy philosophy has the teams giving technical welfare to low budget entrants? Perhaps Ferrari should be forced to let Williams use all their wind tunnel scale models. Maybe Newey should be forced to work 45% of the time for Manor... just to help them out. Ugggh! I am disgusted beyond belief.

BTW, Cosworth still @ 20K rpm? Why not? After all we want to be "fair"... ugggh.

[gcdugas]

If you recall, a certain Frenchman quit a very important Ferrari job earlier this year. Perhaps that certain Frenchman will run and win the FIA position now available. If he wins it, Max will not pull anything other than more secret sex romps.

Todt is the obvious choice, but I'm afraid we'll end up with someone endorsed by Max.

Ron Dennis or Paul Stoddart for FIA president! Start the campaign now.

[andartop]

Well done FOTA, after all the talks you managed a significant victory by forcing Max to commit stepping down in October!
=D> =D> =D>
Hey, wait! Wasn't he supposed to step down anyway in October?
D'oh!

[xpensive]

I agree that Paul Stoddart would make the straight-talking, no-nonsense FIA President the sport needs.

If he could live with the non-smoking environment of the federation, that is?