Formula 1
Stoddart hopeful over finances
Paul Stoddart is hopeful that the debate over television income from last year's championship will be resolved next week after a meeting with other team bosses yesterday. Stoddart believes that Minardi are rightfully owed revenue from the commercial ...
Published: Jun 15, 2002, 10:33 AM
Copy link
Share on Viber
Paul Stoddart is hopeful that the debate over television income from last year's championship will be resolved next week after a meeting with other team bosses yesterday. Stoddart believes that Minardi are rightfully owed revenue from the commercial rights after finishing tenth in the 2001 championship but he met with opposition recently.
"Today's meeting was a lengthy one and many issues were discussed," Stoddart said of the gathering that took place in London on Thursday with Bernie Ecclestone and FIA president Max Mosley also present. "We hope that the issue of the television revenues will now be sorted out next week. Should that be the case then we will be happy to answer questions and confirm the KL Minardi Asiatech team's continued participation in the 2002 Formula One world championship at the Nurburgring next Thursday."
Stoddart was opposed over the finances by McLaren boss Ron Dennis and Arrows boss Tom Walkinshaw, both of whom thought the money should be divided between all the teams on the grid. Arrows are also rumoured to be in financial difficulty: despite Walkinshaw announcing recently that the team had secured two new sponsors, it was reported that title sponsor Orange are considering withdrawing.
When Orange signed the deal with Arrows in 1999 its only network was in Britain but now it's a global power owned by France Telecom. According to reports in the British press yesterday, a spokesman for Orange said the company are reconsidering F1 sponsorship with Arrows and hinted that Renault may be a more suitable partner.
We want your opinion!
What would you like to see on Motorsport.com?
Take our 5 minute survey.
- The Motorsport.com Team
Read and post comments
Read also :
Share Or Save This Story
Copy link
Share on Viber
Previous article Ford chief backs Jaguar
Next article Schumacher doubts Le Mans safety
Top Comments
There are no comments at the moment. Would you like to write one?
View More & Comment
More from
Paul Stoddart
Red Bull confident of winning fuel flow appeal
Formula 1
Formula 1
Red Bull confident of winning fuel flow appeal
From the Guardian: Daytona date is just reward for 'adrenaline junkie' Katherine Legge
IMSA
IMSA
From the Guardian: Daytona date is just reward for 'adrenaline junkie' Katherine Legge
Teams should solve their financial problems - Mateschitz
Formula 1
Formula 1
Teams should solve their financial problems - Mateschitz
More from
McLaren
Penalty drops Oscar Piastri out of F1 Mexico GP points
Formula 1
Formula 1
Mexican GP
Penalty drops Oscar Piastri out of F1 Mexico GP points
"Two steps forward, one step back" – Oscar Piastri explains the route out of McLaren's car woes
Formula 1
Formula 1
Mexican GP
"Two steps forward, one step back" – Oscar Piastri explains the route out of McLaren's car woes
Latest news
Why NASCAR's indecision led to Dodge's decision to return to Cup
NASCAR Cup
NAS NASCAR Cup
Martinsville II
18 min
Why NASCAR's indecision led to Dodge's decision to return to Cup
Dodge announces return to NASCAR Cup Series in 2027
NASCAR Cup
NAS NASCAR Cup 3 h
Dodge announces return to NASCAR Cup Series in 2027
Justin Allgaier confirms he will return for 2027 NASCAR O'Reilly season
NASCAR O'Reilly
NOAP NASCAR O'Reilly
Martinsville II
3 h
Justin Allgaier confirms he will return for 2027 NASCAR O'Reilly season
NASCAR Cup Homestead finale to feature full field of 40 cars
NASCAR Cup
NAS NASCAR Cup
Martinsville II
7 h
NASCAR Cup Homestead finale to feature full field of 40 cars
Feature
Discover prime content
Subscribe and access Motorsport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
You have 2 options:
- Become a subscriber.
- Disable your adblocker.
Subscribe now Already subscribed? Sign in here
Already disabled your adblocker?
Reload page
Manage Alerts
Subscribe