OCTOBER 13, 1997
Mosley hints at Concorde cancellation
The withdrawal from the rebel camp of Tyrrell is a big blow to Williams and McLaren, which both insist that they will not give up the fight. The two teams are giving up a guaranteed income of at least $12m this year - with more in the future - because they believe that Bernie Ecclestone's Formula One Holdings, which has a deal with the FIA for the promotional rights for the F1 World Championship, is taking too much money out of the sport and they should be given more of the profits. Their resistance is delaying the flotation of FOH.
The rebels are now waiting for a ruling from the European Commission on whether the deals are anti-competitive. European Competition Commissioner Karel van Miert is against lengthy exclusive broadcasting contracts but Ecclestone is arguing that his undertaking to maintain free-over-air TV broadcasts will be sufficient.