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Ecclestone takes blame for F1 financial crisis
Formula 1 boss Bernie Ecclestone has admitted fault for the sport’s current financial crisis while offering a suggestion to alleviate the pressure on smaller teams.
The category boss was forced into a shock media briefing at Austin’s Circuit of the Americas following a boycott threat from Sunday’s United States Grand Prix by Force India, Sauber and Lotus.
Such drastic action has been mooted by Force India’s deputy team principal Bob Fernley as a response to the escalating costs to compete and the inequitable distribution of F1’s commercial income, following the demise of backmarker squads Caterham and Marussia.
Ecclestone, who has been in control of F1’s commercial rights since...
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10y ago from SpeedCafe.com
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