Mosley to meet teams over cash crisis

Eurosport - Wed, 08 Oct 17:38:00 2008

Formula One teams and FIA president Max Mosley will meet after the Chinese Grand Prix to discuss urgent cost-cutting measures, the FIA said.

FORMULA 1 - World Championship logo - 0

A day after Mosley warned that Formula One must slash spending by 2010 or face serious problems, the FIA said he talked about the situation with Ferrari president Luca di Montezemolo in Nice.

Montezemolo heads the newly-founded Formula One Teams Association (FOTA).

The FIA said they had agreed Mosley would invite the full membership of FOTA to a meeting at an unspecified location immediately after the Shanghai race on October 19.

"At this meeting the FIA will discuss and share with the teams the strategic decisions which are now urgently required, having regard to current world-wide economic problems," the statement said.

It said "very significant and urgent reductions in costs", as well as future technical regulations, would be among the main topics on the agenda.

Mosley said on Tuesday that the global credit crunch had only made matters worse for a sport whose spending levels were already deemed unsustainable, with some manufacturer-owned teams spending more than $400 million a year.

"It really is a very serious situation. If we can't get this done for 2010, we will be in serious difficulty," he told the BBC.

Reuters

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  1. IF A RETURN TO TRUE RACE'S AND RACE WINNERS, DO NOT INTENTED CARRY ON WATCHING OR FOLLOW F1A,OUR SPORT WIL MEAN ZERO.BERNIE AND THE PERVET WILL SEE THE END F1A NOW IS THE TIME FOR THE OTHER TEAMS TO BREAK AWAY AND START OWN CHAMPIONSHIP AND LEAVE F1A TO FIAT.

    From Derek, on Wed 8 Oct 5:46PM
  2. I am not one for FIA = Ferrari International Assistance theory until I saw the Mosely interview yesterday, not only was there a Ferrari behind his head but also a quite clearly legible tobacco logo, the same one that was clearly in evidence when Ferrari tapped up Pope John Paul II for moral support a few years ago.

    I would love to know how much Max earned in sponsorship for that little news clip ?

    From art_tidesco, on Wed 8 Oct 5:46PM
  3. Keep getting censored on this board commenting about Max and Bernie! No more post for me here!

    From SFD Loves the Bay Area, on Wed 8 Oct 5:22PM
  4. Quite right bannister. Arses are for sitting on. Difficult for some people I would imagine when some tart is whipping it.

    From chtech06, on Wed 8 Oct 5:05PM
  5. Hasn't this guy done enough damage to the sport? Saw him in his interview saying the press were wrong to report his "activities" and that they were between him and his wife - bet he hadn't told her about it previously though had he? The man is a danger and the sooner he's gone from the FIA the better!!!!

    I saw his interview aswell, notice the car behind him???????????

    Showing his true colours, the guy is a first class @#$%

    From jangor8@..., on Wed 8 Oct 5:04PM
  6. Grow up you lot. What have you ever done apart from sit on your arses and write stupid comments like these?

    From Biffo, on Wed 8 Oct 4:56PM
  7. Tip to Max.

    If you want to save cash, keep it in your trousers.

    From chtech06, on Wed 8 Oct 4:28PM
  8. pervert max should hand back his illiccit millions

    From neboyschak, on Wed 8 Oct 4:23PM
  9. If results were obtained on the track, and not in a Parisian office, the sponsors wouldn't be so reluctant to supply the money

    From usalien1967, on Wed 8 Oct 3:58PM
  10. hahaha so he was WAPPY, has he just woke up, or where has he been all year?? FOMULA ONE is killing its self you do not need a ression for that.
    Get back to racing, overtaking and put some action back in the sport. In stead of of stewards ruling and ruining the RACES like spa.

    From hotrijder7, on Wed 8 Oct 3:57PM
  11. Hasn't this guy done enough damage to the sport? Saw him in his interview saying the press were wrong to report his "activities" and that they were between him and his wife - bet he hadn't told her about it previously though had he? The man is a danger and the sooner he's gone from the FIA the better!!!!

    From mhobbs53, on Wed 8 Oct 2:32PM
  12. From 2010 all cars will be forced to use FIA-T Engines!

    From Easyrider2609, on Wed 8 Oct 2:30PM
  13. Mad Max is leading by example, in future, he'll rent just one girl rather than a whole flock of 'em....

    From USA 1, on Wed 8 Oct 2:12PM
  14. Perhaps Bernie should plough some of his cash back into that from which he reaps so much.

    From Bernie Sucks, on Wed 8 Oct 2:02PM
  15. F1 used to be the most technologically advanced motor sport attracting the best brains to design the best cars and engines. What Max wants to do is dumb down the sport to make it more attractive. What really needs to be done is to rip up the technical rule book for the design of the cars and make it easier to slip stream, corner and over take. If the sport is more exciting (e.g. real over taking on the track and not just in the pits) then sponsors will flock to get their 'messages' on the cars and the sport will pay for itself. If they do what Mosley wants then the designers and engineers are out of a job - it'll be like watching F3 and other forms of 'lower grade' racing!!!!

    From Cock Robin, on Wed 8 Oct 1:28PM
  16. So Max complains about them money but then won't allow small teams to use a customer chassis to reduce costs, lots of sense there ??

    From Munki, on Wed 8 Oct 1:24PM
  17. CONGRATULATIONS YES brave Bernie can mount a rescue like the world banks

    From tiptoptoe77, on Wed 8 Oct 1:22PM
  18. F1 has become a sick metaphor for the worst of negative human impacts on the planet. Trivial, wasteful, catering to the frivolous while still being ultimately dead boring. Put all these drivers in Karts - the excitement will be greater, the best will still win, and the whole spectacle will cost 1/1,000,000 what it does now. Sooner it and it's manipulator Mr. Bernard Ecclestone are gone the better.

    From Zee Maddad, on Wed 8 Oct 1:19PM
  19. JUST GET SMARTIE BERNIE TO TRACK DOWN MORE INVESTORS FLUSH WITH ILLGOTTEN CASH

    From neboyschak, on Wed 8 Oct 12:47PM
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