Ecclestone to sue if F1 loses distinctive sound
Monday 04 July 2011
The Formula One chief executive Bernie Ecclestone has threatened to sue motor sport's governing body, the Fédération Internationale de l'Automobile (FIA), over its plan to introduce a more fuel-efficient engine in 2014.
There is much at stake as 17 race promoters, including Monaco and Silverstone, which hosts next Sunday's British Grand Prix, have said they will switch from F1 to its US rival IndyCar if the new engine is introduced.
The new engine, a 15,000rpm V6, is less powerful than the current V8. Mr Ecclestone and the race promoters are concerned that it will reduce performance and noise levels. Ecclestone says the distinctive noise of F1 engines is important. He added that the new engine "is not Formula One – it doesn't sound anything like Formula One".The problem is significant for promoters because their only source of income from F1 comes from tickets so they could be pushed into losses. They have written to the FIA demanding that the new engine stays at 18,000rpm and sounds like theV8.
"[The race promoters] believe these [new] engines will take away what people want when they go to Formula One races – the glamour and the noise – and therefore they won't be able to sell the tickets and they won't be able to pay us," said Mr Ecclestone.
He added: "They have got a contract with me and if they can't honour it, because they aren't selling any tickets, I probably wouldn't hold them to it." To prevent the races leaving, Mr Ecclestone said, "we may have to sue the FIA". He said the decision to introduce the new engines breached his contract with the governing body.
F1's rights holder, the Jersey-based company Delta Topco, is run by Mr Ecclestone and majority owned by the private equity firm CVC. It has an agreement with the FIA to promote F1 for the next 100 years.
Mr Ecclestone also responded to comments by Adam Parr, chairman of the Williams team, who said teams were in "early stage" talks about a minority stake in F1. "Very few of them have got enough money to run their teams [let alone buy a stake]," said Mr Ecclestone.
Sales of the tablet are set to fall again say analysts
World's most lethal spider found under a bunch of bananas
Rumours that the star wants to move on to pastures new
Comedian says he 'never laughed as hard as I have writing with Rik'
- 1 Jack the Ripper: Scientists who claims to have identified notorious killer has 'made serious DNA error'
- 2 Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
- 3 Star Wars memorabilia called a 'bit of plastic' on Antiques Roadshow by Fiona Bruce valued at £50,000
- 4 Meet Thea, Norway's 12-year-old child bride
- 5 Russell Brand might seem like a sexy revolutionary worth getting behind, but he will only fail his fans
Kobani: Fifteen-year-old boy taken captive with suspected jihadist 'shot in the head by militant group' fighting against Isis
Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
Isis fighters 'crucify' 17-year-old boy in Syria
Oscar Pistorius sentencing: Olympic star must serve 10 years, prosecutor urges
Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Sorry Judy Finnigan – Ched Evans is no less sickening than an alleyway rapist
Residents should throw a street party and mix with immigrant neighbours, councils told
Workers 'could be forced to pay £5 a week' to get benefits
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
iJobs Money & Business
£60 - 65k + Benefits: Guru Careers: We are seeking a ASP.NET Web Developer / ....
£60,000 - £80,000: Saxton Leigh: Our client is an leading Asset Manager based...
£27000 - £32000 Per Annum: Clearwater People Solutions Ltd: Our large charity ...
£50000 - £55000 per annum + bonus + benefits: Ashdown Group: IT Relationship M...