Tuesday February 20th, 2001
FIA president Max Mosley said on Tuesday that the proposed deal for German media groups EM.TV and Kirch to buy up to 75 per cent of SLEC is not good for the sport and that it may not be approved.
Mosley, who is against the deal, said that EM.TV/Kirch's potential purchase of 75 per cent in SLEC, Bernie Ecclestone's family trust which holds the commercial rights to the sport, won't help Formula One.
He admitted that he would like to see a consortium of five leading Grand Prix car manufacturers purchase a stake in SLEC. Mosley also revealed that the EM.TV/Kirch deal hinges on a decision from the FIA's general assembly.
"The manufacturers would be positive," Mosley said. "They would bring stability and they are easier to deal with from the FIA's point of view because they are looking at the bigger picture.
"EM.TV is not good - I hope we can get it sorted. We (the FIA) have to be satisfied and if we are not satisfied then we can terminate the contract. That is the bottom line.
"The general assembly has 60 days in which to say whether they are satisfied. It is really down to them to say whether they are satisfied."