Renault CEO demands F1 revenue - Mercedes-Benz Forum

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Renault CEO demands F1 revenue

Renault CEO demands F1 revenue
''We want to take back control of Formula One''
10/06/09 17:40

Ghosn making his views clear
During an audition before France's National Assembly held on Wednesday, the CEO of car manufacturer Renault spoke strongly against the current state of revenue sharing in Formula One.

Speaking of Renault and the other manufacturers with established Formula One teams, Carlos Ghosn declared: "We are the ones doing the show, who bring in the technology, who bring in the engines, who hire the drivers. And if we do the show, the revenues of Formula One must come back to us."

Echoing the demands of the eight Formula One Teams Association members (Renault, Toyota, Ferrari, BMW, McLaren, Brawn, Red Bull and Toro Rosso), AFP reported Ghosn as insiting that the regulations should be amended in order to ensure that the "principal beneficiaries" be those who create the attraction.

Currently the commercial rights holder keeps a majority portion of the revenue, with the rest allocated between the teams.

The Renault CEO also underlined the need for additional manufacturers to enter the sport, and further criticised the sums collected in order to participate in F1.

"Today we pay to be in Formula One; that is not normal," Ghosn said. "Intermediaries have made enough money with this. We want to take back control of Formula One."

In light of the ongoing talks between the FOTA alliance and the FIA regarding next year's controversial regulations, Ghosn made Renault's position clear.

"We want the same rules for everyone," he stated. "Accepting different rules depending on the constructor is out of the question."

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