F1 CEO Bernie Ecclestone's Formula For Compromise Set To Divide Paddock

F1’s struggling teams "could have an answer to their financial woes within days" if F1 CEO Bernie Ecclestone is "as good as his word," according to Kevin Eason of the LONDON TIMES. There were "fevered negotiations" as the Abu Dhabi Grand Prix played to its conclusion. CVC Capital Partners Founding Chair Donald Mackenzie flew into Abu Dhabi "to lead negotiations, underlining the seriousness of the crisis engulfing the sport his business owns." Whether Mackenzie and Ecclestone can find a compromise agreement "remains to be seen." Revelations that the European Union competition commission could be tempted to launch an investigation into F1’s arcane finances "appear to have triggered a new sense of urgency. " South East England region MEP Anneliese Dodds is expected to meet Europe’s new Competition Commissioner Margrethe Vestager on Tuesday. An investigation "could lay bare the intimate and secret details of F1’s financial affairs and put the sport on hold for months" (LONDON TIMES, 11/24).