Ecclestone Labels F1 Breakaway Reports ‘Nonsense’

December 21, 2010

Bernie Ecclestone, CEO of Formula One Management, has rubbished renewed reports of a possible breakaway in the world’s leading motorsport championship.

Ferrari President Luca di Montezemolo raised new speculation at a media lunch where he had stated that teams would not want to be “locked in an F1 prison” ahead of the discussions in place to extend the Concorde Agreement. The current deal will expire at the close of the 2012 season.

The CEO told Reuters: “It’s what he (Montezemolo) says every time he goes to Monza every year. ‘We need more money’. It’s all nonsense.”

Ecclestone added: “They’re not going to break away. They’ve tried it all before. Luca’s a lovely guy but he likes to say these things and then he forgets what he is saying.”