Monday, 17 June 2013

Why isn't the FIA tougher?

Every now and then, usually on a weekly basis, I get wound up about the vast amount of money flowing out of motorsport and into the pockets of the F1 CRH (Commercial Rights Holder) and his associates at CVC.

And then I think, well, there's not much that anyone can do, and let's face it, Bernie did legally buy the commercial rights for the next 100 years. Even though everyone at the time said it was way too cheap. It's the one thing that Max Mosley did as president that I really didn't like, and still feel it was an unfair transaction.

But that doesn't explain why the FIA doesn't try to buy the rights back, and then resell to a more racing-friendly party. Having first redefined the governance so that the FIA remains in charge, and isn't reliant on an external party to negotiate things like Concorde agreements.

OK, it might not be cheap, but Bernie and CVC clearly believe that there are buyers in place, as they plan to float in the near future. Wouldn't it make sense for the FIA to put together a syndicate, and excercise their power over the regulations to keep Bernie's price from going up? After all, if Bernie knows someone wants to buy, he's no longer interested in selling; at least, not at the same price.

So Jean, grab the bull buy the horns and find someone to out-Bernie Bernie. He can't be the only person out there that can play hard-ball. Maybe a lawyer that could use the "German situation" to effectively lower the float price of CVC, but offer a "reasonable price" to take the problem away?

I'd volunteer myself, but I'm just not that clever.

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