user icon

Ecclestone, CVC looking at 'base payment' for smaller teams

  • Published on 04 Nov 2014 12:07
  • comments 0
  • By: Rob Veenstra
F1 authorities are scrambling this week to put down a lingering boycott threat ahead of the Brazilian grand prix. As the sport's air freight touches down in Sao Paulo, the Brazilian news agency Estado reports that organisers of the Interlagos race are dismissing claims of a boycott threat, insisting that 18 cars - every team with the exception of insolvent Caterham and Marussia - will line up on the grid.

In truth, the organisers are probably not in a position to issue such a guarantee. Angry Force India, Lotus and Sauber threatened to sit out last Sunday's Austin race, and the threats have resurfaced ahead of the remaining two grands prix in 2014. Indeed, it appears that Bernie Ecclestone and F1 owners CVC are taking the threats seriously.

It is believed CVC chairman Donald McKenzie has telephoned Lotus owner Gerard Lopez with the aim of diffusing the situation. Lopez is making clear his demands. "I know CVC and Bernie have been looking at this, but it's going to be a base payment given to the smaller teams, the racers, which is essentially going to make it possible for a normal budget to be pretty much closed," he said.

Initially, the big teams instinctively baulked at Ecclestone's proposal that they give up a percentage of their huge contracted bonus payments. But, perhaps also realising the angry minnows are serious in their boycott threat, Mercedes team boss Toto Wolff has now said he is willing to give up "a few per cent" if that is also matched by Red Bull and Ferrari.

Until very recently, Mercedes' grandee rivals appeared unmoved. "The teams are there to compete," Red Bull team boss Christian Horner is quoted by France's L'Equipe, "not to sponsor each other." And Ferrari's Marco Mattiacci agreed: "Ferrari is focused on making the pie bigger, not changing the way the pie is cut."

The latest reports and rumours, however, suggest a solution may now have been found. "To be honest, it's really not a complicated thing to do," said Lopez. "It just requires a bit of goodwill. The overall amount we're discussing, once you start dividing it by the number of teams, is not that massive. I really think there is a way to solve this in the coming days, probably even to get to a proposal before Brazil. In which case I don't see the point in doing anything drastic that would damage the sport," he added. (GMM)

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2021

Show full world champion standings

Test calendar

Bahrain International Circuit - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Team profile

Show full profile

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
16 - Apr 18
Italy
7 - May 9
Spain
20 - May 23
Monaco
4 - Jun 6
Azerbaijan
18 - Jun 20
France
25 - Jun 27
Austria
2 - Jul 4
Austria
16 - Jul 18
United Kingdom
30 - Aug 1
Hungary
27 - Aug 29
Belgium
3 - Sep 5
Netherlands
10 - Sep 12
Italy
24 - Sep 26
Russian
1 - Oct 3
Singapore
8 - Oct 10
Japan
22 - Oct 24
United States of America
29 - Oct 31
Mexico
5 - Nov 7
Brazil
19 - Nov 21
Australia
3 - Dec 5
Saudi Arabia
10 - Dec 12
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar