Bernie Ecclestone is not concerned about Ferrari chief Luca di Montezemolo’s recent suggestion that the major teams (Ferrari, McLaren, Red Bull and Lotus-Renault) could set up a rival series to Formula One. Last week, Montezemolo warned that Ferrari and the other teams could walk away from the sport’s current owners at the end of the 2012 Concorde Agreement. But when asked about the comments, F1 chief executive Ecclestone shrugged it off, saying “Oh yes, we all know Montezemolo’s emotional side. But how often has Ferrari actually gone?” The Formula One impresario, not incidentally, flatly rejected calls that F1 teams get a larger share (currently 50%) of the sport’s TV revenues — undisclosed but obviously quite substantial.
Hardly new, as this has been going on for years.