SM
Club Brugge vs. Aston Villa: 16 hrs 16 mins
Upcoming predictions and previews

CEO says Ferrari keeping controversial veto power

:Headline: CEO says Ferrari keeping controversial veto power: ID:381299: from db_amp
Ferrari CEO Louis Camilleri has confirmed that the Maranello team is keeping its controversial veto rights in 2021 and beyond.

Ferrari CEO Louis Camilleri has confirmed that the Maranello team is keeping its controversial veto rights in 2021 and beyond.

It was rumoured that the historical and unique veto had been negotiated out of the next Concorde Agreement, which is yet to be signed by the teams.

Ferrari has refrained from being a loud public voice amid the negotiations.

"We don't need to," Camilleri told the Financial Times.

"Everyone, including our direct competitors, realises that Ferrari is key to F1 and F1 is key to Ferrari. If Ferrari were to exit F1, would it be the same thing? I don't think so."

As for the ability to veto any rule changes it disagrees with, Camilleri says Ferrari is keeping that power.

"We have retained the right of veto, which is crucial to us," he is quoted by Germany's RTL. "But it is also important for Formula 1 overall.

"Some teams think the veto is anachronistic and should come to an end, while others think it's a good idea to have a leader in the room," Camilleri added.

As for the 2021-2025 Concorde Agreement more generally, he said: "Things will have to move.

"We agree on the basic principles, but there is still a lot to do.

"We will ensure that Formula 1 remains the premier category, with ample room for technological creativity, which has historically been a key driver of Formula 1," Camilleri said.

"A year ago, standardised parts were rejected, and that's good."

It is believed that F1 CEO Chase Carey has been presented with a letter from the teams in the past days requesting that Liberty Media pay the teams more of the sport's income.

But Camilleri says Liberty is at least being more equitable than in the Bernie Ecclestone days.

"That was Bernie's way," he said. "There's a much fairer allocation now in terms of the economic sustainability of F1, it's much better."

amp_article__381299 : Database Data restored...  : 
last updated article - 2019-12-01 08:47:28:
html db last update - 2019-12-01 08:47:28 :

ex - 7200 : read : read cache amp html

Click here for more stories about Louis Camilleri

Click here for more stories about Ferrari

Share this article now:
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Liverpool108111961325
2Manchester CityMan City1072121111023
3Nottingham ForestNott'm Forest10541147719
4Chelsea105322012818
5Arsenal105321711618
6Aston Villa105321715218
7Tottenham HotspurSpurs1051422111116
8Brighton & Hove AlbionBrighton104421714316
9Fulham104331413115
10Bournemouth104331312115
11Newcastle UnitedNewcastle104331010015
12Brentford104151920-113
13Manchester UnitedMan Utd10334912-312
14West Ham UnitedWest Ham103251319-611
15Leicester CityLeicester102441418-410
16Everton102351017-79
17Crystal Palace10145813-57
18Ipswich TownIpswich100551021-115
19Southampton10118719-124
20Wolverhampton WanderersWolves100371427-133
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .