SkyNews City Editor, Mark Kleinman has revealed on his blog that CVC Capital have handed Ferrari’s Luca Montezemolo and Red Bull’s Detrich Mateschitz, shares in F1’s parent company. The recent maneuver comes as CVC’s moves toward listing Formula 1’s income whilst negotiating a new Concorde agreement with the current Formula 1 teams through to 2020.

Coming off the back of Ferrari and Red Bull’s defection from the Formula One Teams Association (FOTA), the recent development theoretically dashes the hopes of the remaining F1 teams wishing to gain a bigger slice of revenues during the new Concorde negotiations.

The news was also a shock to SkySportsF1 Executive Producer Martin Turner, despite the scoop about the alliance coming from “in-house”. Kleinman’s blog (released last weekend) disappeared from the Sky News website, only to reappear on Monday.

Kleinman was also reported to have intimate legal knowledge concerning the Lotus naming dispute in 2011.

At a time when SkySportsF1 are still finding their feet with the F1 community, the fumble comes at the worst possible time, given Sky’s promise to give fans the greatest access available inside the world of F1. Likewise, the period of harmony enjoyed between the teams since 2007’s ‘Spygate’ scandal (between McLaren and Ferrari) could also be under threat.

Other plans muted under the draft version of the new Concorde agreement, are that ”new” teams would be able to race a single car acquired from one of Formula 1’s leading constructors.

Such a plan was scrapped after the departure of FIA President Max Mosley and was the basis on which teams such as Marussia, Caterham and HRT entered the sport.


About trentprice

Driver ICoach V8 Race Experience Freelance writer Freelance Writer (Sole Proprietorship) Sole Proprietorship; Myself Only; Writing and Editing industry 2011 – Present (less than a year) Writing for film and entertainment and motoring magazines in Australia and UK REGION 4 Magazine Responsibilities: Press releases for new media products, competitions and events co-ordinator, article concept developer, arranging and conducting interviews within the film industry including actors such as Heather Graham, Monet Mazur, Steve Coogan and Seinfeld’s Michael Richards to name but a few. Writer: creative performance Artist Services – Foxtel Cable Television Australia Responsibilities: Writer, performer and segment producer overseeing editing and post-dubbing ABC Recovery –ABC Television- Weekend Youth Music program - Writer and performer ABC Backberner- ABC Television-Australian news satire program – Writer MG Enthusiast -Kelsey Publishing UK February 2011- Feature motoring articles MG Racer Magazine- online publication Responsibilities: Co-founder, writer, editor, concept developer, promotion and marketing, sponsorship coordination MG Racing in Australia- online forum Responsibilities: Concept developer, writer, monitoring of content

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