Apr 1, 2013, 11:11 AM EDT
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.
Jul 25, 2014, 1:00 PM EDT
Brembo and Mercedes release a joint statement concerning the incident during qualifying for the German Grand Prix.
Jul 25, 2014, 12:11 PM EDT
Nationwide Series rookie continues to show strong pace ahead of Saturday’s Lilly Diabetes 250.
Jul 25, 2014, 11:39 AM EDT
Four-time Brickyard champ: “From an overall strength of the team and speed of the cars, this is by far the best chance we’ve had of winning in a long time.”
Jul 25, 2014, 11:30 AM EDT
Alonso to McLaren? Vettel to Mercedes? Hamilton to who-knows-where? Silly season is beginning to churn out some cracking stories already in F1.
Jul 25, 2014, 10:30 AM EDT
Baku set to host a street race from 2016.
Jul 25, 2014, 10:18 AM EDT
The Sprint Cup regular topped out with a lap of 181.043 mph on his 12th and final lap of the session.
Jul 25, 2014, 10:00 AM EDT
Mercedes driver confirms that talks about a new deal have not yet begun, but suggests that it is merely a formality.
Jul 25, 2014, 9:31 AM EDT
The Briton continues to dominate at the Hungaroring with his teammate in tow.
Jul 25, 2014, 9:00 AM EDT
News and interviews from around the F1 paddock ahead of the Hungarian Grand Prix – it’s the latest edition of the NBC Sports Original Digital Series “Paddock Pass.”
Jul 25, 2014, 7:45 AM EDT
Can Hamilton double up in FP2 at the Hungaroring?
Jul 25, 2014, 7:00 AM EDT
Sergio Perez and Esteban Gutierrez delighted by the news, calling it a “dream come true”.
Jul 25, 2014, 6:30 AM EDT
First run-out for Marussia will come at Spa; set for Austin in November.
Jul 25, 2014, 6:00 AM EDT
The final race before the summer break in F1 highlights a jam-packed weekend of motorsport across the NBC Sports Group network.
Jul 25, 2014, 5:31 AM EDT
Another one-two for Mercedes during first practice, with Hamilton leading Rosberg.
Jul 25, 2014, 3:45 AM EDT
The first chance for teams to get in some running at the Hungaroring comes this morning at 4am ET.
Jul 24, 2014, 6:09 PM EDT
On Thursday’s edition of NASCAR AMERICA, Jeff Burton joined the crew to discuss what makes racing in the Brickyard 400 unique. Burton says NASCAR is a guest at the Indianapolis Motor Speedway due to the history IndyCar has made at the track.
Jul 24, 2014, 6:04 PM EDT
On Thursday’s edition of NASCAR AMERICA and in preparation for this week’s Brickyard 400, Leigh Diffey talked with 2006 Indianapolis 500 winner Sam Hornish Jr. on what it was like to win the third closest finish in race history. Hornish also discussed some of the keys that drivers will need to succeed at the Brickyard 400.
Jul 24, 2014, 5:52 PM EDT
After two years of huge success with the NASCAR Camping World Truck Series racing at his Eldora Speedway, Tony Stewart would love to eventually see the Nationwide and Sprint Cup series come to his little half-mile track, as well.
Jul 24, 2014, 5:30 PM EDT
On Thursday’s NASCAR AMERICA, Leigh Diffey is the in-studio host and is joined by Sam Hornish Jr. (2006 Indy 500 winner and current Nationwide Series driver and winner of the 2014 Iowa Nationwide race).
- Jeff Gordon high on confidence going into Brickyard 400 0
- Hamilton tops second practice in Hungary ahead of Rosberg 0
- F1 Paddock Pass: Hungarian Grand Prix (VIDEO) 0
- Hungarian GP highlights 30+ hours of motorsports coverage across NBC, NBCSN and CNBC this weekend 0
- Hamilton quickest in first practice for Hungarian GP 0