{"id":25815,"date":"2014-11-23T10:48:39","date_gmt":"2014-11-23T15:48:39","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=25815"},"modified":"2014-11-23T10:48:39","modified_gmt":"2014-11-23T15:48:39","slug":"ecclestone-ready-to-tear-up-income-contracts","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/ecclestone-ready-to-tear-up-income-contracts\/","title":{"rendered":"Ecclestone ready to &#8216;tear up&#8217; income contracts"},"content":{"rendered":"<p>Bernie Ecclestone on Saturday said he is prepared to &#8220;tear up&#8221; contracts and start again, as the sport&#8217;s civil war appeared to ease slightly in Abu Dhabi.<\/p>\n<p>The F1 supremo reportedly even apologised for calling struggling teams Lotus, Sauber and Force India &#8220;beggars&#8221; as they look for a fairer distribution of the team&#8217;s almost $1 billion in annual revenues.<\/p>\n<p>Also strongly chided during Ecclestone&#8217;s meeting on Saturday between the small teams and F1 owner CVC&#8217;s Donald Mackenzie was Christian Horner, the boss of the powerful Red Bull team.<\/p>\n<p>It is believed that during one recent meeting, Horner laughed and joked about the demise of the backmarkers Caterham and Marussia.<\/p>\n<p>&#8220;I hit the limiter on that one,&#8221; said Lotus owner Gerard Lopez, not referring specifically to Horner.<\/p>\n<p>&#8220;It was a complete lack of respect and from someone paid to be here rather than paying to be here.&#8221;<\/p>\n<p>Suddenly, the tide appears to have turned in favour of the three small teams, perhaps because of the threatened intervention of the European Commission&#8217;s competition arm.<\/p>\n<p>So after recently ruling out more money for the teams, Ecclestone said on Saturday: &#8220;Let&#8217;s see.<\/p>\n<p>&#8220;Personally, I would tear up all of the contracts and discuss the redistribution of money.\u00a0 No problem,&#8221; he added.<\/p>\n<p>The next major F1 meeting will take place on Sunday, when Ecclestone and Mackenzie get together with Mercedes (Daimler) and Ferrari (Fiat) bigwigs Dieter Zetsche and Sergio Marchionne.<\/p>\n<p>Germany&#8217;s Auto Motor und Sport said that the chiefs of the F1-involved car manufacturers will discuss cost-cutting, engines, and the distribution of the sport&#8217;s income.<\/p>\n<p>\u00a9 RIF | GMM<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bernie Ecclestone on Saturday said he is prepared to &#8220;tear up&#8221; contracts and start again, as the sport&#8217;s civil war appeared to ease slightly in Abu Dhabi. The F1 supremo reportedly even apologised for calling struggling teams Lotus, Sauber and Force India &#8220;beggars&#8221; as they look for a fairer distribution of the team&#8217;s almost $1 &#8230;<\/p>\n","protected":false},"author":1,"featured_media":22937,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[2348,59,128,2625,117,3002,5262,576,5340,58,306,5107,114,1408],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/25815"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=25815"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/25815\/revisions"}],"predecessor-version":[{"id":25816,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/25815\/revisions\/25816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media\/22937"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=25815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=25815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=25815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}