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|