(GMM -- Dec.21) A trio of banks that own and control the majority of F1's holding company (SLEC) would prefer to avert a threatened 'breakaway' after 2007.
Gerhard Gribkowsky, SLEC and Bayerische Landesbank chairman, said the motor sport market is 'too small' for both F1 and the carmaker-led 'GPWC' to compete with rival world championships.
''A power struggle between the two series would harm both,'' he told Der Spiegel magazine in Germany. ''But I don't think the doors are closed yet.''
Gribkowsky welcomed the somewhat usurped Bernie Ecclestone's recent moves into China and Bahrain, but thinks other stakeholders should also have a say into where new grands prix are held.
He added: ''It would be desirable to go to Russia and India (and) with only two races in North America we are under-represented compared to purchasing power.''
Written: Tue, 21 Dec 2004 07:24:30
[ Print View ][ E-Mail Article ]
- December 05, 2005Banks in F1 sale veto
- November 02, 2005F1 bank urges peace
- October 12, 2005Two banks sell F1 shares
- August 30, 2005F1 'not for sale' - Bernie
- April 27, 2005Banks plan F1 change
- January 25, 2005Bernie back in court
- December 21, 2004Banks reveal F1 stance
- December 20, 2004Banks won't oust Bernie
- December 06, 2004The High Court decides
- (December 21, 2004)View all headlines from this date
