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Re: Ferrari quits FOTA
Posted by: Parminio_USA
Date: 05/12/2011 13:43
The funny part is that they haven't actually quit. All they've done is announced that they are not going to renew. In reality, they are still full blown memebers. They've done it every single year for the last 5 years. They also did it in 2002.
Ferrari always does it as a muscle move to make sure they get more money from FOM than anybody else. They think to this day that the sport exist SOLELY because they are in it, so they demand to be paid for it.
Given the lack of interest in the sport and the fact that contracts and sponsorship is shrinking at an alarming rate, they just want to make sure they get their usual payoff...and maybe a bit more.
They wont actually be out of FOTA until next year. If a new Concord agreement is signed, it'll all pass as usual and nothing will come of it.
I think Red Bull are just jumping on the bandwagon looking for the same kind of handout. They're not going to get it and it's probably going to edge Red Bull towards bowing out of F1 altogether within the next 4 years.
You heard it here first.
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