Stoddart hopeful after bosses meeting

Minardi principal Paul Stoddart is confident of the team's future after another meeting with other bosses today about money owed to Minardi from television rights. Yesterday Stoddart was angry over what he called 'a game of politics' when a prior...

Minardi principal Paul Stoddart is confident of the team's future after another meeting with other bosses today about money owed to Minardi from television rights. Yesterday Stoddart was angry over what he called 'a game of politics' when a prior meeting failed to resolve the issues: other team principals were blocking the decision to pay Minardi the money owed them.

Today the Australian businessman said he can't forsee any further problems with getting what he believes is rightfully his: "I think I can," he replied when asked if he could confirm Minardi will continue. "I say that with hesitation because nothing's done until its done and the money's not in until it's in. But I do feel that Minardi will be completing the season. If something stops that now, it won't be something that I can foresee as I stand here now."

Stoddart has been involved in lengthy battles to gain the television revenue which was originally due to Prost. As Prost went into liquidation early this year, Stoddart said the money should come to Minardi. FIA president Max Mosley had instructed Bernie Ecclestone to pay Stoddart but other team bosses were unhappy and the payment was delayed.

"It arguably is settled. It was settled when Max wrote a letter to Bernie and I believe Bernie will act upon that letter," Stoddart said. "Whether all the teams are happy about it, that's for them to make comments. If they are not happy then clearly they have a legal recourse which is arbitration."

There is likely to be a further delay until the matter is settled but Stoddart hopes it will be within the next couple of days.

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About this article
Series Formula 1
Drivers Paul Stoddart , Bernie Ecclestone
Teams Minardi