Renault CEO demands F1 revenue

[John S]

So there is more to the big boys revolt than just the budget cap then.
I wonder which part Carlos was auditioning for at the National assembly?  - vice president maybe

During an audition before France's National Assembly held on Wednesday, the CEO of car manufacturer Renault spoke strongly against the current state of revenue sharing in Formula One.

Speaking of Renault and the other manufacturers with established Formula One teams, Carlos Ghosn declared: "We are the ones doing the show, who bring in the technology, who bring in the engines, who hire the drivers. And if we do the show, the revenues of Formula One must come back to us."

Echoing the demands of the eight Formula One Teams Association members (Renault, Toyota, Ferrari, BMW, McLaren, Brawn, Red Bull and Toro Rosso), AFP reported Ghosn as insiting that the regulations should be amended in order to ensure that the "principal beneficiaries" be those who create the attraction.

Currently the commercial rights holder keeps a majority portion of the revenue, with the rest allocated between the teams.   
 
The Renault CEO also underlined the need for additional manufacturers to enter the sport, and further criticised the sums collected in order to participate in F1.

"Today we pay to be in Formula One; that is not normal," Ghosn said. "Intermediaries have made enough money with this. We want to take back control of Formula One."

In light of the ongoing talks between the FOTA alliance and the FIA regarding next year's controversial regulations, Ghosn made Renault's position clear.

"We want the same rules for everyone," he stated. "Accepting different rules depending on the constructor is out of the question."

Daniel BASTIEN
© CAPSIS International

[Dare]

What was  the politics of F1 in the 50's and 60's before
pimps like B&M came along.Was their one promoter raking
in the money or did the tracks promote the races

[Scott]

Hey Carlos, ya got my support as long as you drop the seat prices by about 50%, and open up the paddock for about another $100 a day on top of a ticket price.  As long as you want your private domain back there behind the grandstands only for those privileged few and some others who want to fork out $5000 for a paddock pass, and insist on charging more than my car is worth for a weekend at an F1 race, then I couldn't care a less what you want.