From GMM
The teams' FOTA alliance was already working hard to agree cost-cutting measures before the Japanese manufacturer Honda last week announced it was pulling out of formula one.
After Honda's shock news broke, the FOTA chairman, Ferrari president Luca di Montezemolo, said the next step is a meeting with FIA chief Mosley.
"Furthermore we also agreed that it's necessary to meet with Bernie Ecclestone to talk about the distribution as far as the earnings are concerned," he said.
Mosley agrees that the revenue generated by formula one, owned by CVC and run by Ecclestone, should be distributed more generously to the teams.
"The FIA would join with FOTA in seeking to persuade FOM (Formula One Management) to divide the prize-money so that up to 12 teams are guaranteed at least $50m each."
On the other side of the fight is Ecclestone, who is refusing to budge.
"We have an agreement with the teams that they receive 50 per cent of the (pre-tax profits)," he is quoted as saying by The Guardian.
Meanwhile, the FOTA alliance is understood to have accepted the need for severe measures.
According to the German magazine Sport Bild, one of the most radical proposals to be rubber-stamped in the coming days is a complete ban on private testing.
The recent measure to increase engine life from two to three races could be ramped up to four weekends, while the rev limit is reduced from 19,000 to 18,000 rpm.
Weekly wind tunnel use is slated to drop to just forty hours per team, and the power of super-computers will be capped.
"These changes would save the top teams some 140 million euros in 2009 alone," a FOTA insider is quoted as saying.
photo:WRI2
The teams' FOTA alliance was already working hard to agree cost-cutting measures before the Japanese manufacturer Honda last week announced it was pulling out of formula one.
After Honda's shock news broke, the FOTA chairman, Ferrari president Luca di Montezemolo, said the next step is a meeting with FIA chief Mosley.
"Furthermore we also agreed that it's necessary to meet with Bernie Ecclestone to talk about the distribution as far as the earnings are concerned," he said.
Mosley agrees that the revenue generated by formula one, owned by CVC and run by Ecclestone, should be distributed more generously to the teams.
"The FIA would join with FOTA in seeking to persuade FOM (Formula One Management) to divide the prize-money so that up to 12 teams are guaranteed at least $50m each."
On the other side of the fight is Ecclestone, who is refusing to budge.
"We have an agreement with the teams that they receive 50 per cent of the (pre-tax profits)," he is quoted as saying by The Guardian.
Meanwhile, the FOTA alliance is understood to have accepted the need for severe measures.
According to the German magazine Sport Bild, one of the most radical proposals to be rubber-stamped in the coming days is a complete ban on private testing.
The recent measure to increase engine life from two to three races could be ramped up to four weekends, while the rev limit is reduced from 19,000 to 18,000 rpm.
Weekly wind tunnel use is slated to drop to just forty hours per team, and the power of super-computers will be capped.
"These changes would save the top teams some 140 million euros in 2009 alone," a FOTA insider is quoted as saying.
photo:WRI2