MAY 22, 2000
A deal close with the European Commission?
THE appearance of European Commission President Romano Prodi at the European Grand Prix last weekend sent a very clear signal that relations between the Commission and Grand Prix racing have improved dramatically in recent months and that a deal may be close in the battle over whether or not Formula 1 is exploiting a monopoly situation. Our sources say that there are very delicate negotiations going on but everyone involved is currently refusing to give details of the situation.
As soon as the Commission settles the battles with F1, Bernie Ecclestone will be in a position to float his Formula One Holdings business which will raise more money for him and his family but will probably leave him in control of the sport for as long as he likes. This is a very important step for the long-term stability for the sport and team bosses are keen for it to go ahead as it will mean that the sport will not descend into chaos if Ecclestone dies.
|Print News Story|