Formula one, 2001 season German Grand Prix at Hockenheim: Business and Politics: the jpoc report

No details were released but it was reported that the F1 teams were close to a deal with F1 rights owner Bernie Ecclestone's SLEC organisation. The deal would give the teams and engine manufacturers a larger slice of the TV revenue and more control over the sport in return for scrapping plans to laumch a breakaway series and committing to a further period in F1 beyond the 2007 duration of the current deal.

Tommy Haffa stepped down as boss of German Media group EMTV. EMTV bought a large slice of SLEC and gave Ecclestone a put option on another chunk and then ran into serious difficulties when the media market took a down turn and Bernie exercised his put option. That led to a rescue bid by German TV group Kirche which left them owning a large chunk of EMTV and separately, a large chunk of SLEC. Outside observers do not really have a good view on the true picture but it is pretty clear that Ecclestone came out of the deals ahead and EMTV lost.


The whole 2001 season All the races and the behind the scenes games
German GP at Hockenheim July 29th Who drives what?
German GP at Hockenheim July 29th Which engine goes where?
German GP at Hockenheim July 29th Circuit developments
German GP at Hockenheim July 29th Teams and personnel
German GP at Hockenheim July 29th Setting the scene
German GP at Hockenheim July 29th Practice and qualifying
German GP at Hockenheim July 29th The starting grid
German GP at Hockenheim July 29th Race report
German GP at Hockenheim July 29th Results
German GP at Hockenheim July 29th Championship standings after the race
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