News Details
F1 owner CVC not interested in developing sport
Force India has lashed out at F1's owner CVC, accusing the private equity firm of not being interested in developing the sport.
The financial news agency Bloomberg quoted deputy team boss Bob Fernley as saying new deals that give more money and power to the bigger teams are a "disaster".
"CVC is not interested in developing the sport, it's interested in making as much money as possible and then selling it," he said.
"The income split doesn't support formula one."
Many of F1's smallest teams are struggling, and former Renault boss Flavio Briatore told Sky Italia this week: "I can't understand why none of the team bosses are saying anything".
Spanish...
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