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Ferrari retains F1 rules veto

Apr 1, 2013, 11:11 AM EDT

Fernando Alonso AP

Formula One’s technical rules cannot be changed without the approval of Ferrari, a new report has confirmed.

Rumours that Ferrari have the power to directly influence F1’s rules have persisted for several years.

A document drawn up in anticipation of F1’s potential flotation on the Singapore stock exchange reveals the extent of Ferrari’s power within the sport.

“In respect of Ferrari only, Ferrari may terminate if the regulatory safeguards agreed between the FIA and Ferrari do not allow Ferrari to veto any change to the regulations already announced or introduced (subject to certain exceptions),” says the prospectus, as reported by ESPN.

Ferrari’s power of veto is believed to have been first offered to them in 2005. Whether it has used or threatened to use the veto remains unclear.

However Luca di Montezemolo, the president of the Italian car manufacturer, has repeatedly criticized the F1 rules for being too focused on aerodynamics and restricting teams’ opportunities to test.

A major change in the technical rules for next season will introduced new V6 engines with greater use of modern energy recovery technologies.

The document also confirmed Montezemolo has been offered a 0.25% stake in the sport if it is floated. Ferrari also receives an additional bonus payment for competing in Formula One.

  1. apexassassin - Apr 1, 2013 at 11:42 AM

    This isn’t news to any true f1 fan.

    Perhaps 2005 is where the paper trail begins, but we all know it started during Schumi’s reign.

    I effing hate favoritism in sports, no matter how vital a player or club or team is to the sport.

  2. alicesrightfootesq - Apr 1, 2013 at 12:50 PM

    Not surprised but they can’t be that powerful given the results of the last 4-5 years. This seems kind of overblown to be honest.

    • apexassassin - Apr 1, 2013 at 3:11 PM

      Why should one team and one team only have the same power as all the teams unified at voting time?

      Keep in mind Ferrari led most of the year last season and are annual favorite for both titles.

      Just imagine if Red Bull were granted the same accord.

  3. wallio - Apr 1, 2013 at 1:26 PM

    The other teams know about this and are fine with it, (at least they were back when Ferrari was still in FOTA) so what’s the big deal?

  4. petearon - Apr 1, 2013 at 4:38 PM

    Unfortunately, this is the reality of F1. Everyone knows that Ferrari draws more fans to each event than any other team. Basically, without Ferrari, F1 would cease to exist. If the Concord agreement were to expire, and Ferrari decided to start their own series, they would probably be able to talk a lot of the other teams into going with them. It’s all about money.

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