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Financial crisis 'probably my fault' admits Ecclestone
Bernie Ecclestone has admitted the financial crisis which has struck Formula 1 recently, leading to the loss of two teams, is probably his fault. The 83-year-old says some bad deals have been made, which seemed good at the time, but have likely led to the problems F1 is experiencing at the moment with too much money going to a select few teams. "The problem is there is too much money probably being distributed badly - probably my fault. But like lots of agreements people make, they seemed a good idea at the time," he explained. If the problem is to be resolved, the leading teams - which receive a larger share of the prize money - need to make some sacrifices according to...
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12y ago from TheF1Times.com
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