(GMM) The German bank that controls F1's commercial rights, Bayerische Landesbank, says it is 'crucial' that the prospect of breakaway is ended.
BayernLB's Dr Gerhard Gribkowsky, a regular in the paddock in 2005, called on the teams and carmakers to 'focus their energies' elsewhere.
Referring to the five errant 'GPMA' carmakers, he said: ''Mr (Bernie) Ecclestone and the shareholders are committed to continuing ... dialogue and to finding solutions.''
As a start, BayernLB has taken sole control of the 75 per cent SLEC share from two American banks, allied to its earlier court win over Ecclestone, wrestling control of F1.
Gribkowsky says the banks 'support' Bernie, the F1 'CEO', and have no immediate plans to sell their share in the sport.
''A divestiture ... is currently not a relevant issue,'' he insisted. ''All shareholders need to act ... to support the future development of the sport and that is exactly what we are doing.''
Written: Wed, 02 Nov 2005 09:23:00
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