This is either a typical Bernie negotiating, b Bernie has finally made enough money to pack it all in.
c.Bernie has lost his marbles (unlikely
BERNIE ECCLESTONE is considering charging teams an entry fee to race in Formula One.
The teams are negotiating with F1 chief Bernie Ecclestone over the terms of the Concorde Agreement, which commits them to race and specifies that they share 50 per cent of the sport’s profits as prize money.
The teams are believed to want 75 per cent, but Ecclestone is unlikely to give ground. He told the Daily Express that, in fact, his business could get a boost if no new contract is signed.
“I don’t even care if we don’t have a Concorde Agreement. It makes no difference to us,” he said. “What we might do is run the championship and ask the teams for money to enter.”
Ecclestone’s business levies no charge on the teams to race in F1 and their only direct costs of getting a grid slot are registration and entry fees, which come to about £500,000 per outfit – which are paid to the sport’s governing body the FIA, not to Ecclestone’s company CVC, where he is chief executive officer.
Read more: http://www.express.co.uk/posts/view/248685/Bernie-Ecclestone-s-back-on-the-chargeBernie-Ecclestone-s-back-on-the-charge#ixzz1NLqe65bV
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c.Bernie has lost his marbles (unlikely
BERNIE ECCLESTONE is considering charging teams an entry fee to race in Formula One.
The teams are negotiating with F1 chief Bernie Ecclestone over the terms of the Concorde Agreement, which commits them to race and specifies that they share 50 per cent of the sport’s profits as prize money.
The teams are believed to want 75 per cent, but Ecclestone is unlikely to give ground. He told the Daily Express that, in fact, his business could get a boost if no new contract is signed.
“I don’t even care if we don’t have a Concorde Agreement. It makes no difference to us,” he said. “What we might do is run the championship and ask the teams for money to enter.”
Ecclestone’s business levies no charge on the teams to race in F1 and their only direct costs of getting a grid slot are registration and entry fees, which come to about £500,000 per outfit – which are paid to the sport’s governing body the FIA, not to Ecclestone’s company CVC, where he is chief executive officer.
Read more: http://www.express.co.uk/posts/view/248685/Bernie-Ecclestone-s-back-on-the-chargeBernie-Ecclestone-s-back-on-the-charge#ixzz1NLqe65bV
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