- FOTA news
Teams' association 'unneccesary' - Ecclestone
- Bernie Ecclestone
F1 CEO Bernie Ecclestone has labelled the Formula One Teams' Association (FOTA) "unnecessary", insisting its members' financial interests are best served by him.
FOTA was established in 2008 to give the teams a single voice in issues affecting the future of the sport. In 2009 it locked horns with the FIA over plans for a budget cap in 2010 and threatened to create a new series, separate from Ecclestone's F1 brand. In the end it came to an agreement with the FIA and has since enjoyed a more harmonious relationship, but it is currently pushing for a bigger share in the Formula One Group's profits under the next Concorde Agreement.
When asked in a recent interview on the official F1 website what he thinks of FOTA, Ecclestone responded: "I try not to think of them."
He added: "It is an unnecessary association of people who should put their sole emphasis on getting competitive cars on the grid. It's just more of what they don't have to think of. I look after that so there are enough financial resources."
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