Formula One Teams to Boycott Meeting with IAF Chief

VOA Sports
April 7, 2005

Nine of the 10 Formula One auto racing teams have decided to boycott a meeting with International Automobile Federation head Max Mosley as part of an ongoing battle over money and rules.

The teams - everyone except Ferrari - along with five manufacturers oppose Mosley's and chief executive Bernie Ecclestone's tight controls over the money in Formula One.

The so-called Concorde agreement, which spells out how money is divided and how the sport is governed, is due to expire in 2007. Mosley had called the meeting to discuss rules for the 2008 season.

The nine teams boycotted a similar meeting in January. Ferrari, the richest and most successful team in the sport, decided to stay with FIA until 2012 after Ecclestone offered the Italian team a lucrative deal over the next three years.

The breakaway teams also plan to start a rival circuit called Grand Prix Racing. Teams want a bigger share of Formula One's revenues and more say in how the sport is governed. Currently, Ecclestone and his holding companies receive most of the profits from commercial rights generated by Formula One.

Some information for this report provided by AP and AFP.

The Crittenden Automotive Library

Home - About Us - Advertising

Any trademarks or service marks appear here in nominative use and are property of their respective owners, who are not affiliated with or in any way endorse The Crittenden Automotive Library. View our Legal Information: Disclaimers & Terms of Use

Due to the enormous volume of information available most of the lists on the site are works in progress. They are great for seeing what information or products are available or what events have happened but the absence of information or a line item on a list should not be interpreted that something did not exist or did not happen. It probably just means we haven't gotten around to adding it yet.

Unless otherwise noted, photo captions are from the photographer or source, and not from The Crittenden Automotive Library.

To notify The Crittenden Automotive Library of errors, suggest topics, contribute information or to ask a question e-mail us.