GA_googleAddSlot("ca-pub-1197233282945943", "Star_Sports_Skyscraper");

Sports

Wednesday July 15, 2009

Ecclestone vows to end F1 feud this week

NURBURGRING (Germany): Com-mercial ringmaster Bernie Ecclestone said on Monday that he expected to have resolved Formula One’s prolonged problems over the future this week.

And, he added, that though fellow-Briton Max Mosley would step down from his post as president of the sport’s ruling body, the International Motoring Federation (FIA), later this year, he will remain in his job.

Reacting to a string of stories during the German Grand Prix at the weekend that suggested he was poised to retire and take an honorary position with CVC Capital, the company that owns the majority of the sport’s commercial rights, Ecclestone told reporters he was staying put.

“Any story suggesting I’m going anywhere is completely untrue. I don’t know where they came from,” he said.

“I hope to have a Concorde Agreement in place by Wednesday. Max (Mosley) will be happy when we have it sorted. He will have achieved everything he set out to achieve including a new agreement and cost-cutting.

“He will then be in a position to do what he said he would do and step down. But as for me, I’ll be around for the future.”

If Ecclestone’s comments are followed by the signing of a new 2009 version of the Concorde Agreement, it will end this year’s feud between a group of eight rebel teams and the ruling body and kill off threats of a breakaway series.

The managing partner of CVC Donald Mackenzie confirmed Ec-clestone’s claims. — AFP

  • E-mail this story
  • Print this story

Sports Poll