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Ferrari hopes to retain right of veto
Earlier this week, amidst claims that Toto Wolff is being lined up to replace Chase Carey as F1 supremo when the American's contract comes to an end next year, it was helpfully pointed out that in addition to the various rights and bonuses given to it over the years, Ferrari has the right of veto over a number of aspects of the sport, including the appointment of a chief executive officer. Indeed, the prospectus for the planned flotation of F1 on the Singapore stock market in 2012 reveals that F1 'must obtain the written consent of Ferrari prior to the appointment of any person as our chief executive officer if within the past five years, he or she has held a senior executive office or an...
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7y ago from Pitpass.com
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