Renault’s chief executive officer Carlos Ghosn has called for Bernie Ecclestone to make a bigger cut of F1’s commercial rights income available to the competing teams on the eve of the scheduled deadline (Friday 12 June) for the FIA to announce which teams it will be accepting for the 2010 world championship.
Speaking on Wednesday in front of France’s National Assembly, Ghosn made it clear that he felt it was grossly inequitable that Ecclestone and CVC Capital Partners take a 50 per cent share of the sport’s $1bn annual commercial rights income stream, money generated from race fees, television contracts and circuit advertising.
“We are the ones doing the show, who bring the technology, who bring in the engines, who hire the drivers,” said Ghosn firmly. “And if we do the show, the revenues must come back to us. Today we pay to be in F1. That is not normal. Intermediaries have made enough money with this. We want to take back control of F1.”