Secret team boss meeting in Maranello

Published on 26 Jan 2013 13:36
Christian Horner was not at Maranello recently to discuss his or Adrian Newey's possible switch to Ferrari. When the Red Bull team boss was spotted at Ferrari's fabled headquarters, it fired into action the speculative minds of the Italian and - in turn - the international press.

Actually, according to German correspondent Michael Schmidt, also at Maranello for the very same meeting were Bernie Ecclestone, Martin Whitmarsh and Niki Lauda.

They were sitting with Ferrari president Luca di Montezemolo, to discuss the incomplete 2013 Concorde Agreement.

According to Auto Motor und Sport, the only document agreed so far is a 'financial agreement', with teams sharing 60 per cent of the sport's revenue and top teams like Ferrari, Red Bull, McLaren and Mercedes receiving an even bigger slice.

But the governing FIA, pushing reportedly for a $40 million slice, is yet to sign, meaning that the processes for agreeing and enforcing rules are currently up in the air.

A bone of contention is the issue of cost control, with the smaller teams pressing for a 'budget cap', and the bigger teams obviously not wanting to sign up to that.

"As long as there is no consensus," wrote Schmidt, "there is a legal vacuum." (GMM)

Replies (0)

        Grand Prix of the United States
Local time
Give your opinion!
Will 2017's new regulations bring more exciting racing?

Formula 1 Championship 2016
Track Circuit of the Americas
Track Circuit of the Americas
Location US Austin, United States of America
Website Website
Team profile
Name IT Ferrari
Founding date Jan 1 1927
1,705 comments on Ferrari
157 members have this team as their favourite
Location Maranello
Tweets about Ferrari
Formula 1 Calendar
Previous Grand Prix: 23 October 2016
US Grand Prix of the United States Grand Prix of the United States
Next Grand Prix: 30 October 2016
MX Grand Prix of Mexico Grand Prix of Mexico