Ecclestone dismisses Montezemolo’s threats
Just as the major teams threatened a split last year whilst in conflict with the FIA about budget caps, Ferrari president Montezemolo told international reporters this week that F1 should share more of its revenue after the current Concorde Agreement expires at the end of 2012 or lose its major players.
"It's what he (Montezemolo) says every time he goes to Monza (Maranello) every year. 'We need more money'," 80-year-old F1 chief executive Ecclestone reacted to the Reuters news agency.
"They're not going to break away," he insisted. "They've tried it all before. Luca's a lovely guy but he likes to say these things and then he forgets what he is saying."
12/17/10 F1 Management Chair Bernie Ecclestone "dismissed revived talk of teams moving to set up their own rival series." The league's Concorde Agreement expires at the end of '12, and Ferrari President Luca di Montezemolo suggested this week that teams "could walk away if they did not get a lot more money." Ecclestone: "They're not going to break away. They've tried it all before." Montezemolo said that another scenario would be to "find new owners but the same business model" REUTERS