Stoddart still fighting for TV income

Minardi boss Paul Stoddart is still fighting a battle over the income from television rights that the team was awarded earlier this year. The finances were passed to Minardi after the demise of Prost but not without a fight. Other team bosses ...

Minardi boss Paul Stoddart is still fighting a battle over the income from television rights that the team was awarded earlier this year. The finances were passed to Minardi after the demise of Prost but not without a fight. Other team bosses objected but Stoddart and Bernie Ecclestone came to an agreement and the money was handed over.

Now, however, it appears the matter is still not decided and some bosses continue to question the decision about where the money should go. Stoddart believes Minardi would be put out of business purely by the legal costs needed to fight an arbitration should they want him to pay the money back.

"I will turn my back on Formula One if this travesty of injustice is allowed to proceed," he said. "I cannot afford four months of my time nor the $2 million of costs that it will take to fund a challenge to this. I have circulated a document to them (other teams) from Bernie's solicitors to me putting me on notice that they have now received the papers for this to go to arbitration. At this time, with all the problems Formula One really does have, for this to happen for me is nothing short of self-destruction."

"In the last 12 months we have been through so many problems, the sport as a whole, and we've lost two teams. Now we are going to lose three as I can't afford to fight this. Maybe there's another one that's not so steady as well. Do they really want eight teams in Melbourne next year?"

"I have gone through hell and back again this year and this is the icing on the cake. It's bad enough having to deal with the problems I have had to deal with, but when you get knives in your back from your co-team principals, I'm not interested. It's a case of 'Is this the straw that breaks the camel's back, do I want to be involved in a sport with such individuals in it?' I'm not sure that I do."

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