(GMM) F1 supremo Bernie Ecclestone says he is on the verge of ridding formula one of the carmakers' 'breakaway' threat.
The 75-year-old has told British newspapers that he would be 'surprised' if divisions between the sport and five heated carmakers still exist when the five lights go out in Bahrain this Sunday.
The news coincides with reports that Ecclestone is offering the carmakers two seats on the board of his company, Formula One Administration, in a bid to give them more say in the running of the sport.
Hinting that a commercial resolution is already in place, Ecclestone said: ''What we can agree on the technical side is dependent on how much money they want to save.
''I think there is a mood of conciliation now. The teams will earn double what they got before.''
Although the GPMA alliance - Mercedes, Renault, BMW, Toyota and Honda - appeared vehemently opposed to Max Mosley's cut-price plans, Ecclestone suggested that a compromise between the extreme views had been found.
The Briton added: ''We can all see the benefits of cutting costs while continuing to allow some areas of research and development.''
Written: Tue, 07 Mar 2006 23:00:50
[ Print View ][ E-Mail Article ]
- March 11, 2006F1 factions move towards peace
- March 07, 2006The end is nigh
- February 21, 2006A multi-billion dollar business
- February 07, 2006F1 healthy despite disputes
- December 15, 2005F1's future appears bright
- December 05, 2005F1 bosses reach for chequebooks
- November 18, 2005NZ invention to change F1
- November 05, 2005F1 'not healthy' - Sauber
- October 19, 2005F1 appeal 'high' - report
- October 15, 2005F1 trying to woo China
- (March 07, 2006)View all headlines from this date
