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These are the user uploaded subtitles that are being translated: 1 00:00:12,160 --> 00:00:18,240 Someone called me and said I got somebody that wants to buy Formula One. 2 00:00:18,240 --> 00:00:20,760 I said there's been a few people who have been trying to do that. 3 00:00:20,784 --> 00:00:23,440 Are they serious, yeh, we need to talk to somebody. 4 00:00:23,464 --> 00:00:25,360 You want to talk to somebody that owns it. 5 00:00:25,384 --> 00:00:27,640 Probably the best thing to do because it's not me. 6 00:01:04,400 --> 00:01:06,880 The banks had a majority of the board 7 00:01:06,904 --> 00:01:08,320 and if they had wanted to, 8 00:01:08,344 --> 00:01:09,680 they could have fired me. 9 00:01:10,560 --> 00:01:14,200 But then Donald Mackenzie who ran CVC, 10 00:01:14,224 --> 00:01:15,880 a very successful hedge fund, 11 00:01:15,904 --> 00:01:17,440 wanted to buy Formula One. 12 00:01:21,080 --> 00:01:26,800 And Donald said to me if we buy, would you stay on and run the company. 13 00:01:26,824 --> 00:01:30,040 Donald said we have to sort the money out. 14 00:01:30,064 --> 00:01:33,120 It's a case of what we could borrow and the interest rate. 15 00:01:33,144 --> 00:01:36,800 Let's see if we can help them so I called Fred Goodwin from RBS. 16 00:01:36,824 --> 00:01:41,080 I said Fred, it's a good deal you're here in my opinion. 17 00:01:42,280 --> 00:01:44,680 So Donald borrowed the money from RBS. 18 00:01:44,704 --> 00:01:46,880 Lo and behold, I had another boss. 19 00:01:48,000 --> 00:01:52,360 But I had a few up to now so I knew exactly how to behave. 20 00:01:52,384 --> 00:01:54,560 If I ever have. 21 00:02:02,920 --> 00:02:08,040 180 miles an hour around the outside I've never seen anything like it. 22 00:02:13,760 --> 00:02:17,400 Fourth championship again. Thank you for all these years. 23 00:02:18,183 --> 00:02:20,280 I've decided together with the team 24 00:02:20,304 --> 00:02:21,680 at the end of this year that 25 00:02:21,704 --> 00:02:25,120 I'm going to retire from racing. 26 00:02:26,240 --> 00:02:29,304 Congratulations on Lewis Hamilton who's such a wonderful prospect 27 00:02:29,304 --> 00:02:32,944 in British motor sport. Double winner in GP2 this weekend 28 00:02:32,944 --> 00:02:34,640 winning yesterday and winning today. 29 00:02:34,664 --> 00:02:37,464 You're coming through the ranks now. Everything you've done from Karting 30 00:02:37,464 --> 00:02:40,384 all the way up you've won in every Formula. You're very much looks like you're 31 00:02:40,384 --> 00:02:43,024 going to win this GP2 season if you continue at the pace. 32 00:02:43,024 --> 00:02:46,704 But in your eyes now, you know that you've got an association McLaren, but where do 33 00:02:46,704 --> 00:02:49,304 you really think you can go from here? Is it truthfully into a McLaren car 34 00:02:49,304 --> 00:02:51,224 or is it somewhere else down the Formula One pit lane? 35 00:02:51,224 --> 00:02:53,784 I think anything is possible as you know, there's possibly 36 00:02:53,784 --> 00:02:58,400 a seat available at McLaren, but that would be a dream to go 37 00:02:58,400 --> 00:03:02,560 into the second McLaren seat. But I think my aim at the moment 38 00:03:02,560 --> 00:03:05,704 again is to win the GP2 title, but then we just have to wait 39 00:03:05,704 --> 00:03:08,824 and see. I don't expect to jump straight into a McLaren. 40 00:03:08,824 --> 00:03:11,464 I would have thought I would go into one of the lower teams, 41 00:03:11,464 --> 00:03:13,200 but we'll just have to wait and see. 42 00:03:19,460 --> 00:03:23,400 Putting anyone beside Fernando could be trouble. 43 00:03:26,600 --> 00:03:28,640 This could be the lead going for Hamilton. 44 00:03:28,664 --> 00:03:30,200 Alonso senses an opportunity. 45 00:03:30,224 --> 00:03:32,320 They are side by side down 46 00:03:32,344 --> 00:03:33,960 the pit straight in Indianapolis. 47 00:03:33,984 --> 00:03:36,200 Hamilton holds his nerve. 48 00:03:38,760 --> 00:03:42,720 Ron, I don't think he ever looked as Lewis being a number 2 driver. 49 00:03:44,840 --> 00:03:47,080 We come to Grand Prix's with a clear 50 00:03:47,104 --> 00:03:48,560 intention of running our 51 00:03:48,584 --> 00:03:50,960 cars equally, giving both 52 00:03:50,984 --> 00:03:53,960 drivers every opportunity to win. 53 00:04:02,800 --> 00:04:04,520 Hamilton deliberately disobeyed 54 00:04:04,544 --> 00:04:06,000 instructions to let the lighter 55 00:04:06,024 --> 00:04:07,800 Alonso passed to go for pole. 56 00:04:09,320 --> 00:04:10,760 Alonso having to wait. 57 00:04:13,360 --> 00:04:15,520 There's Lewis Hamilton queueing up behind him. 58 00:04:17,520 --> 00:04:19,000 Now Alonso's not getting on with it. 59 00:04:19,024 --> 00:04:20,200 Only a minute forty to go. 60 00:04:20,224 --> 00:04:22,120 Is he blocking Hamilton here? 61 00:04:23,600 --> 00:04:25,440 That was a little bit naughty I think. 62 00:04:25,464 --> 00:04:27,520 I think he deliberately did that. 63 00:04:27,544 --> 00:04:29,360 That is extraordinary. 64 00:04:29,384 --> 00:04:32,480 A bit of gamesmanship within his team by Fernando Alonso. 65 00:04:32,504 --> 00:04:36,960 Ron Dennis got out of his chair and was waving his hands around clearly furious. 66 00:04:37,560 --> 00:04:41,680 Well, the McLaren team try to insist it was a team error but the stewards, 67 00:04:41,704 --> 00:04:44,760 they decided that they didn't believe what Alonso had to tell them and 68 00:04:44,784 --> 00:04:47,120 they moved him five places back on the grid. 69 00:04:47,840 --> 00:04:50,000 People used to ask me, tell me, what do you 70 00:04:50,024 --> 00:04:51,560 actually do? I tell I'm a firefight 71 00:04:51,584 --> 00:04:54,000 because there was always fires. 72 00:05:08,080 --> 00:05:14,000 On the morning of the Hungarian Grand Prix, Ron rang me and he said, I just had Alonso 73 00:05:14,024 --> 00:05:17,480 in the motor home and he says he's got information. He's threatening to give it to 74 00:05:17,504 --> 00:05:21,760 the Federation. And then Ron said, but there isn't any information. So I said, 75 00:05:21,784 --> 00:05:24,840 well, so it's an empty threat. Yes, a completely empty threat. 76 00:05:24,904 --> 00:05:26,840 There's no information. There's nothing to come out. 77 00:05:26,840 --> 00:05:31,040 I can assure you that if there was something Max, I would have told you. 78 00:05:31,064 --> 00:05:34,880 The FIA say they have the smoking gun. Proof that McLaren had used Ferrari 79 00:05:34,904 --> 00:05:39,160 secrets to make their own cars go faster. The new evidence was an email between 80 00:05:39,184 --> 00:05:42,680 test driver Pedro de la Rosa and race driver Fernando Alonso, discussing 81 00:05:42,704 --> 00:05:46,360 Ferrari's weight distribution, their flexible wings, braking system and 82 00:05:46,384 --> 00:05:50,320 pit stop strategy. Ron Dennis insists there was never any Ferrari intellectual 83 00:05:50,344 --> 00:05:52,520 property actually on the McLaren car. 84 00:05:52,544 --> 00:05:56,880 It's very difficult for me when somebody I've known 40 years, looks me in the eye 85 00:05:56,904 --> 00:06:01,840 and says Max, I'm telling the truth with complete sincerity and you believe him. 86 00:06:01,864 --> 00:06:07,440 And it was only when I got the list from the Italian police 323 I think SMS phone 87 00:06:07,464 --> 00:06:11,040 calls going over a three month period. There has to be more to this, 88 00:06:11,040 --> 00:06:12,640 this is something serious. 89 00:06:12,664 --> 00:06:16,720 I said to Ron beforehand, when you come into the meeting, 90 00:06:16,744 --> 00:06:21,600 don't come in with 10 lawyers and a doctor and whatever. I said, just come to yourself 91 00:06:21,624 --> 00:06:28,960 and simply say the truth, I may have made a mistake in letting what happened happen. 92 00:06:28,984 --> 00:06:33,680 Probably a big mistake and I'm sorry about this. 93 00:06:33,704 --> 00:06:41,400 I just want to be very clear at no stage did I ever say any lie to anybody. I put my 94 00:06:41,424 --> 00:06:46,120 integrity above everything, above this sport and certainly above Formula One. 95 00:06:47,280 --> 00:06:50,960 In the end, Max got really upset about the whole thing. 96 00:06:50,984 --> 00:06:56,120 I said, Ron you have polluted the championship in 2007. You've probably 97 00:06:56,144 --> 00:07:00,280 polluted it in 2008 because we have no way of knowing what information you're using 98 00:07:00,304 --> 00:07:04,680 for what in your 2007, 2008 cars. So you better stay out of the championship 99 00:07:04,704 --> 00:07:08,560 until 2009 if you're still around because that way we know it's completely fair. 100 00:07:08,584 --> 00:07:13,080 In the end, I managed to convince the World Council at that time, all we needed 101 00:07:13,104 --> 00:07:20,120 to do was take away what they would have earned normally if they did run for two 102 00:07:20,144 --> 00:07:27,400 years and not ban them because if we banned McLaren they'd never come back and it was 103 00:07:27,424 --> 00:07:29,760 terrible to lose a team like McLaren. 104 00:07:41,160 --> 00:07:43,680 This gentleman here, front row. What's your next course of action? 105 00:07:43,704 --> 00:07:46,120 Will you accept the penalty? Are you going to fight it? 106 00:07:46,144 --> 00:07:49,520 Okay. We believe we've got the grounds for an appeal, but of course we're going 107 00:07:49,544 --> 00:07:52,600 to wait for the findings of the FIA, which we believe are going to be 108 00:07:52,624 --> 00:07:56,200 published tomorrow and we'll consider those carefully. 109 00:07:58,280 --> 00:08:00,520 Pity that we lost Ron. 110 00:08:02,440 --> 00:08:07,440 He's one of the old timers that was really was behind Formula One from very early on. 111 00:08:10,520 --> 00:08:17,400 Kimi Raikkonen is World Champion of 2007 and the dream is over for Lewis Hamilton. 112 00:08:21,840 --> 00:08:24,560 The pictures that have shocked the world of motor racing. 113 00:08:24,584 --> 00:08:29,520 Spain is under pressure to act after Lewis Hamilton was racially abused in Barcelona. 114 00:08:32,920 --> 00:08:37,120 Hamilton is not popular in Spain after a public falling out with Spanish driver 115 00:08:37,144 --> 00:08:38,680 Fernando Alonso last year. 116 00:08:44,280 --> 00:08:50,920 It's been reported that a few people, spectators is to sort of black themselves 117 00:08:50,944 --> 00:08:57,360 up a little bit was leaning on the fence. So I said, well let's go and find them, 118 00:08:57,384 --> 00:09:02,680 which we did. And I explained to them which I what I thought I said, I'll tell 119 00:09:02,704 --> 00:09:09,000 you what we ought to do. You're gonna be here tomorrow. Yeah, they said they were 120 00:09:09,024 --> 00:09:12,400 gonna be there tomorrow. I said, well tomorrow we'll get hold of you and bring 121 00:09:12,424 --> 00:09:17,960 you into the paddock and you can face up with Lewis and explain to him 122 00:09:17,984 --> 00:09:19,640 why you've blacked yourself up. 123 00:09:21,360 --> 00:09:28,000 Which they thought was amusing until I made it clear I wasn't doing it to amuse 124 00:09:28,024 --> 00:09:31,800 anybody. But if they wanted to make a statement, that would be a good 125 00:09:31,824 --> 00:09:37,360 opportunity to make it. Funnily enough, they didn't make it. 126 00:09:43,840 --> 00:09:46,440 Welcome to the Singapore Grand Prix. 127 00:09:52,560 --> 00:09:56,480 Some races always produce something different and interesting 128 00:09:56,504 --> 00:09:58,480 like Singapore for example. 129 00:10:01,040 --> 00:10:04,880 Massa away in the lead. Hamilton 2nd, Raikkonen 3rd. 130 00:10:07,840 --> 00:10:11,760 In comes Alonzo. Now, he's going to slip back behind all the traffic. 131 00:10:18,280 --> 00:10:23,040 Oh, big crash. That's Nelson Piquet and that is likely I would have thought 132 00:10:23,064 --> 00:10:24,960 to bring out a safety car is it? 133 00:10:27,400 --> 00:10:31,520 It looks a mess, but it's a relatively minor incident. There's a lot of pieces 134 00:10:31,544 --> 00:10:35,800 all over the track. That's gonna work out very well for those that anticipated 135 00:10:35,824 --> 00:10:37,520 there would be a safety car. 136 00:10:39,720 --> 00:10:41,480 Pit lane is now open. 137 00:10:45,040 --> 00:10:49,040 When this all sorts itself out, Alonso is going to be leading the Grand Prix. 138 00:10:50,840 --> 00:10:52,280 Massa pits. 139 00:10:57,880 --> 00:11:01,000 Oh no! That's a big mistake. Massa's gone. 140 00:11:03,400 --> 00:11:08,840 That is the race leader. Ferrari's made a catastrophic mistake here in Singapore. 141 00:11:12,120 --> 00:11:16,360 The green flag. Race is resumed here in Singapore. 142 00:11:18,280 --> 00:11:20,360 Alonso leads the Grand Prix. 143 00:11:22,280 --> 00:11:25,840 Fernando Alonso coming through to take the checkered flag in 144 00:11:25,864 --> 00:11:29,040 Formula One's first ever night race and extending his 145 00:11:29,064 --> 00:11:32,200 championship lead. Lewis Hamilton finishes 3rd. 146 00:11:33,400 --> 00:11:37,440 Felipe Massa crawling across the line in 13th place. 147 00:11:40,840 --> 00:11:45,240 Piquet's father, Nelson had spoken to his son to ask him what the hell happened. Why 148 00:11:45,240 --> 00:11:50,360 can you just do stupid things you did? And I think Piquet explained to his dad 149 00:11:50,384 --> 00:11:52,320 that he was told he ought to do this. 150 00:12:00,120 --> 00:12:03,000 One thing's for sure in my opinion, it was never Flavio because 151 00:12:03,000 --> 00:12:07,400 he would have never, ever, ever thought of how to do things like this. 152 00:12:16,560 --> 00:12:21,560 Max was really, really unhappy. I suppose he would have liked Flavio to 153 00:12:21,584 --> 00:12:26,200 confess that it was him that would have made life easy for Max then 154 00:12:26,224 --> 00:12:29,040 anyway he didn't get the confession. 155 00:12:31,320 --> 00:12:35,800 The penalty for Briatore is that he can no longer be associated with the team, he can 156 00:12:35,824 --> 00:12:40,960 no longer be associated with the series, he can no longer come to the paddock of any 157 00:12:40,984 --> 00:12:46,280 FIA championship event and he can no longer manage drivers in Formula One. 158 00:12:57,760 --> 00:13:01,320 Do you still count that race as a proper race, victory for yourself? 159 00:13:01,344 --> 00:13:03,360 Yes, I do. 160 00:13:03,384 --> 00:13:06,320 Even though the team effectively manufactured it. 161 00:13:06,344 --> 00:13:10,160 But I think that's uh interpretation. 162 00:13:17,120 --> 00:13:18,960 Massa! Massa! 163 00:13:19,960 --> 00:13:21,640 Massa! Massa! 164 00:13:22,880 --> 00:13:24,520 Massa! Massa! 165 00:13:28,600 --> 00:13:32,920 So Lewis all he really wants is 5th place or better this afternoon. 166 00:13:35,360 --> 00:13:37,600 The final stages of this world championship. 167 00:13:38,920 --> 00:13:42,280 Oh my goodness me, Vettel has taken a place and that could cost 168 00:13:42,304 --> 00:13:43,920 Hamilton the World Championship. 169 00:13:45,800 --> 00:13:49,640 Only a few corners to go now and desperation starts to creep 170 00:13:49,664 --> 00:13:51,160 in for Lewis Hamilton. 171 00:13:57,560 --> 00:13:59,680 Is that Glock? Is that Glock going slowly? 172 00:13:59,704 --> 00:14:03,440 Oh my goodness me, Hamilton's back in position again. 173 00:14:06,400 --> 00:14:09,840 He is going to claim 5th place which is all he needs to do 174 00:14:09,864 --> 00:14:14,360 to become 2008 Formula One World Champion. 175 00:14:55,400 --> 00:14:59,520 Slavica was fed up my traveling. I think in fairness to her, 176 00:14:59,544 --> 00:15:04,400 I think I promised her so many times. This is going to be the last year 177 00:15:04,424 --> 00:15:07,080 and I'm gonna step down. 178 00:15:08,080 --> 00:15:12,000 I think she knew it wasn't true, it wasn't gonna happen. 179 00:15:12,024 --> 00:15:15,560 Even if it was my intention, she knew I wouldn't carry it out. 180 00:15:15,584 --> 00:15:19,960 So she decided she was 50 years old. 181 00:15:23,360 --> 00:15:28,560 She was well off. And I think she thought she could have a 182 00:15:28,584 --> 00:15:35,160 much happier life and she decided she should leave. 183 00:15:36,960 --> 00:15:43,080 So it was the end of me being with Slavica. I've been with her for 28 years odd. 184 00:15:48,200 --> 00:15:55,240 It really is one of the biggest failures that I had when I wanted to do something to 185 00:15:55,264 --> 00:15:57,680 make something happen and it didn't happen. 186 00:16:23,320 --> 00:16:32,680 We renew with CVC or we theoretically as the basketball teams in America did many 187 00:16:32,704 --> 00:16:39,040 years ago with the big success, create our own company like NBA just to run to the 188 00:16:39,064 --> 00:16:48,920 races, the TV rights and so and third to find a different partner. 189 00:16:48,944 --> 00:16:53,400 I don't know whether the teams wanted to actually run Formula One 190 00:16:53,424 --> 00:16:55,080 in the way they thought it should be run. 191 00:16:55,400 --> 00:17:00,160 This will be very important the team decisions because at the end of 2012 192 00:17:00,184 --> 00:17:04,480 our contract will expire. So theoretically CVC doesn't own anything. 193 00:17:04,720 --> 00:17:09,800 In fact they discussed the fact that they should get together Formula One Teams 194 00:17:09,824 --> 00:17:13,720 Association where they thought they could be in a much better position. 195 00:17:14,640 --> 00:17:18,320 Formula One has been thrown into chaos with eight of its major teams saying they're now 196 00:17:18,344 --> 00:17:22,040 planning to set up a rival championship. The threat is over a row with the 197 00:17:22,064 --> 00:17:26,400 motor sports governing body over proposals to limit how much each team can spend. 198 00:17:28,920 --> 00:17:30,760 Do you think there will be a resolution? 199 00:17:30,784 --> 00:17:32,840 I have no idea. Speak to Max. 200 00:17:33,160 --> 00:17:37,680 We must operate up the cost cap if you possible under present circumstances 201 00:17:37,704 --> 00:17:40,080 is to operate any other way. 202 00:17:41,120 --> 00:17:47,400 Max wanted it to be restricted to an absolute maximum of 40 million a year. 203 00:17:48,120 --> 00:17:51,760 The basic issue is very simple. We cannot go on spending the 204 00:17:51,784 --> 00:17:54,240 sort of money that's been spent. So what we're saying is, 205 00:17:54,264 --> 00:17:57,360 limit the expenditure and then a clever engineer within that 206 00:17:57,384 --> 00:17:59,720 expenditure can do whatever he likes on the chassis. 207 00:17:59,744 --> 00:18:04,560 This is a row about money and power. Teams don't like the idea of having budget 208 00:18:04,584 --> 00:18:09,440 caps imposed upon them from above, but the FIA regards smaller budgets as 209 00:18:09,464 --> 00:18:13,640 essential if the sport is to survive in these difficult economic times. 210 00:18:13,720 --> 00:18:16,400 It's in the nature of a loony that you don't really have a leader that 211 00:18:16,424 --> 00:18:19,240 you also loonies together. Generally speaking, they find it very 212 00:18:19,264 --> 00:18:20,400 difficult to agree on anything. 213 00:18:20,424 --> 00:18:21,400 What's your next step? 214 00:18:21,424 --> 00:18:25,280 The next step that we're going to take because trying to take something which 215 00:18:25,304 --> 00:18:30,440 isn't yours is not really in accordance with the law. So next week we will be 216 00:18:30,464 --> 00:18:34,240 issuing legal proceedings against, against Ferrari and also against FOTA. 217 00:18:46,960 --> 00:18:51,440 This weekend, Bahrain is hosting a Grand Prix. When Moseley's traveled there 218 00:18:51,464 --> 00:18:55,960 in the past, he's received a royal welcome. But the crown prince of Bahrain here on the 219 00:18:55,984 --> 00:19:01,040 right has written to him asking him to stay away this time, informing him that his 220 00:19:01,064 --> 00:19:02,680 presence there would be inappropriate. 221 00:19:02,960 --> 00:19:08,880 Mex had another problem. This is how he was reported and carrying out sort of sexual 222 00:19:08,904 --> 00:19:14,160 acts and beatings and all sorts of things. Whatever journalists could even think about 223 00:19:14,184 --> 00:19:15,640 or even wish could happen. 224 00:19:16,840 --> 00:19:20,760 But Max Mosley insists that there were no Nazi connections to anything that happened. 225 00:19:22,360 --> 00:19:27,400 I said to Max, we've gone to millions of meetings together. The one meeting I would 226 00:19:27,424 --> 00:19:29,480 have loved to have gone with, I never got an invite. 227 00:19:31,360 --> 00:19:35,640 Motoring organizations, Formula One teams and manufacturers and personalities 228 00:19:35,640 --> 00:19:39,720 around Formula One have been suggesting that Max Mosley must step down as 229 00:19:39,720 --> 00:19:43,160 president of the FIA, the ultimate governing body of the sport. 230 00:19:43,320 --> 00:19:48,880 Corporation like Toyota and the team can't really accept behavior of that nature. 231 00:19:50,800 --> 00:19:55,280 If he had been working for any multinational corporation public company, 232 00:19:55,304 --> 00:20:01,640 a theory would have already had to resign because the moral issue is part of that. 233 00:20:01,920 --> 00:20:08,920 A person in his position with his background, it's unbelievable. 234 00:20:09,044 --> 00:20:12,360 Significantly this morning, his long term partner at the head of Formula One, 235 00:20:12,384 --> 00:20:15,760 Bernie Ecclestone refused to give an interview that would either criticize or 236 00:20:15,784 --> 00:20:20,040 even defend his old friend instead just saying that Moseley's future is now 237 00:20:20,064 --> 00:20:22,680 entirely a matter for the FIA. 238 00:20:24,160 --> 00:20:28,640 I had an awful lot of pressure. The sponsors called me. 239 00:20:28,640 --> 00:20:32,760 All the teams called me. Promoters called me. 240 00:20:32,784 --> 00:20:37,440 There was no one that didn't call. So you must insist that Max goes. 241 00:20:38,120 --> 00:20:42,760 The sport is losing certain power, certain sponsorships and a break up 242 00:20:42,784 --> 00:20:46,180 is possibly imminent if he doesn't make that decision quite soon. 243 00:20:46,204 --> 00:20:51,820 It's the first time you know that I've done such a thing, which I knew was wrong to do. 244 00:21:02,680 --> 00:21:06,700 So the World Council meeting, I apologized to Max in front of everyone. 245 00:21:10,800 --> 00:21:15,900 I was more hurt. I think Max was in it when it all happened that I'm not 246 00:21:15,924 --> 00:21:20,920 supporting him but have been against him. And it's something I should never forget. 247 00:21:25,520 --> 00:21:29,320 Speed is everything in Formula one. But even so the pace of today's deal 248 00:21:29,344 --> 00:21:33,280 between FIA President Max Mosley and Ferrari's Luca di Montezemolo 249 00:21:33,304 --> 00:21:34,640 caught many by surprise. 250 00:21:35,480 --> 00:21:37,000 Ah dear oh dear. 251 00:21:40,200 --> 00:21:42,680 Yeah, I mean but, good quality people. 252 00:21:43,560 --> 00:21:48,240 In those days, they used to get a percentage of the television revenue 253 00:21:48,264 --> 00:21:52,400 having made an agreement where they got a percentage of everything the company made. 254 00:21:52,424 --> 00:21:59,440 Which was about 70%. No FOTA and no more money for the teams. 255 00:22:00,280 --> 00:22:07,000 One of the goal that we shared with Max one year ago was to maintain the most 256 00:22:07,024 --> 00:22:12,520 important teams and the car manufacturers in Formula One. There is a commitment to 257 00:22:12,544 --> 00:22:17,720 stay in Formula one at least until 2012. But as far as Ferrari is concerned, 258 00:22:17,744 --> 00:22:21,520 this is not only Ferrari is indefinite for, for the future. 259 00:22:24,340 --> 00:22:28,640 Had the teams decided they wasn't going to sign, it would have been 260 00:22:28,664 --> 00:22:32,600 very easy to get another group of people to produce Formula One cars 261 00:22:32,624 --> 00:22:38,360 and do exactly that. Formula One teams are like actors in the film. 262 00:22:38,384 --> 00:22:44,000 It's a film that makes the actors not the actors that make the film. 263 00:22:45,760 --> 00:22:49,560 Whilst on the face of it, this was an argument about cutting costs, what the 264 00:22:49,584 --> 00:22:53,280 teams really wanted was a greater say in the running of Formula One 265 00:22:53,304 --> 00:22:55,140 and they wanted Mosley out. 266 00:22:59,320 --> 00:23:05,480 Max was ready to stand down from the FIA. He had more or less enough of what he was 267 00:23:05,504 --> 00:23:13,160 doing. And he didn't do this until he knew he could find somebody that could replace 268 00:23:13,184 --> 00:23:20,760 him and he spoke to Jean Todt. He spoke to me about this and we agreed probably 269 00:23:20,784 --> 00:23:22,640 Todt would be the right guy. 270 00:23:22,640 --> 00:23:28,720 I love racing, you know, I mean why I've been aiming for this position because I 271 00:23:28,744 --> 00:23:34,220 love cars, I love racing and I'm motivated to go for it. 272 00:23:34,680 --> 00:23:38,680 Max had never managed to achieve what he really wanted 273 00:23:38,704 --> 00:23:43,920 to achieve. It wasn't being president of the FIA at all. 274 00:23:45,920 --> 00:23:55,943 He was a politician basically and he would have been a super Prime Minister. 275 00:23:59,000 --> 00:24:02,560 He's a controversial billionaire who's been the boss of Formula one for three 276 00:24:02,560 --> 00:24:06,680 decades and in that time Bernie Ecclestone's rub shoulders with world 277 00:24:06,704 --> 00:24:12,400 leaders. Today in an interview with The Times, he criticized contemporary 278 00:24:12,424 --> 00:24:14,920 politicians and commented on Adolf Hitler. 279 00:24:15,720 --> 00:24:21,640 I get a little bit upset when people say I'm anti-Semitic or against black people 280 00:24:21,664 --> 00:24:24,200 or anything is completely utterly wrong. 281 00:24:25,480 --> 00:24:29,720 He believes in a form of dictatorship because he always believed that no one 282 00:24:29,744 --> 00:24:33,440 else will agree, he'll have to pull them together and it will be his way or no way. 283 00:24:39,620 --> 00:24:42,960 While few will argue against the need for strong leadership, it is Ecclestone's 284 00:24:42,984 --> 00:24:45,880 reference to Adolf Hitler that upsets some people. 285 00:24:45,904 --> 00:24:49,400 Typical of journalists and I don't blame them, they have to write something the 286 00:24:49,424 --> 00:24:56,280 majority of people like to hear. I'm not anti-Semitic, never have been, never will 287 00:24:56,304 --> 00:24:59,640 be. And I'm not against black people. 288 00:25:06,160 --> 00:25:13,120 Seb is mothered by Red Bull. He's a very sensitive guy. So it's good for him at Red 289 00:25:13,144 --> 00:25:20,160 Bull. Seb and I got on from day one. We used to go on holiday together and meet 290 00:25:20,184 --> 00:25:26,240 each other, come to the house at Christmas because he lives in Switzerland. I taught 291 00:25:26,264 --> 00:25:32,680 him to play Backgammon. He's a winner and does get upset if he doesn't win. 292 00:25:58,640 --> 00:26:05,760 Christian Horner, the team manager used to say to me, make sure when you play 293 00:26:05,784 --> 00:26:10,960 backgammon before the race that you beat him because he gets so aggressive. 294 00:26:14,520 --> 00:26:17,400 We have four contenders. Who will be champion today? 295 00:26:28,720 --> 00:26:31,620 Sebastian Vettel, you are the World Champion! 296 00:26:32,200 --> 00:26:35,200 If there's one team who knows how to party, it's Red Bull. 297 00:26:40,663 --> 00:26:44,200 The new World Champion Sebastian Vettel. 298 00:26:53,680 --> 00:26:55,960 You're a triple world champion. 299 00:27:10,920 --> 00:27:13,600 Sebastian Vettel wins at India. 300 00:27:28,600 --> 00:27:33,280 I said if we have to lose a team and which is the one we can't 301 00:27:33,304 --> 00:27:38,540 afford to lose I'd say Red Bull and Ferrari. 302 00:27:52,980 --> 00:27:56,480 A number of different disciplines are required to run this business. Any other 303 00:27:56,504 --> 00:28:01,480 business engineering, as well as business practices, accounting, etcetera, is a 304 00:28:01,504 --> 00:28:02,940 combined board that will run the business. 305 00:28:03,064 --> 00:28:08,040 Frank was one of those guys. He was always very positive about everything. 306 00:28:09,040 --> 00:28:10,160 Even after this accident. 307 00:28:14,120 --> 00:28:16,660 It's just too much for me. Really nice thanks. 308 00:28:30,360 --> 00:28:33,880 He was a special, special person. 309 00:29:01,180 --> 00:29:04,000 Michael, he was never born to be with Mercedes. 310 00:29:12,440 --> 00:29:17,820 It is without doubt that we did not achieve our goals to develop a world 311 00:29:17,844 --> 00:29:22,400 championship fighting car. It's good to say goodbye and that's what I'm doing 312 00:29:22,424 --> 00:29:28,160 here with by the end of the season and it might this time even be forever. 313 00:29:44,880 --> 00:29:51,000 Nikki realized what a valuable driver Lewis was and he found some way of 314 00:29:51,024 --> 00:29:55,800 persuading him he should be driving for Mercedes. If he didn't get paid what he 315 00:29:55,824 --> 00:30:01,560 wanted, Lewis, he wasn't going to agree. So I said at least somebody that I think 316 00:30:01,560 --> 00:30:08,040 Mercedes needs, I'll pay the difference. But eventually Mercedes paid. 317 00:30:12,400 --> 00:30:15,960 After nearly four decades in charge, Ecclestone finds himself in the 318 00:30:15,984 --> 00:30:19,400 high court in what is the biggest challenge of his career. 319 00:30:23,280 --> 00:30:28,520 German media company Constantin Medien claimed that he finalized a multi-million 320 00:30:28,544 --> 00:30:33,200 dollar payment to a banker called Gerhard Gribkowsky resulting in F1 being 321 00:30:33,224 --> 00:30:37,880 deliberately undervalued when it was sold and then losing out on commission and so 322 00:30:37,904 --> 00:30:40,520 they're suing for 140 million dollars. 323 00:30:40,644 --> 00:30:44,560 Ecclestone is accused of entering into a corrupt agreement with this man, 324 00:30:44,584 --> 00:30:50,280 German banker Gerhard Gribkowsky who was selling his bank's stake in Formula One. 325 00:30:50,280 --> 00:30:54,520 It's alleged the deal facilitated that sale which included its lucrative 326 00:30:54,544 --> 00:30:59,640 TV rights to Ecclestone's chosen buyer who in turn would agree to keep 327 00:30:59,664 --> 00:31:01,840 him on as boss of Formula One. 328 00:31:01,864 --> 00:31:05,560 Today we've been hearing evidence from Donald Mackenzie who is the chairman of 329 00:31:05,584 --> 00:31:11,800 CVC partners, the private equity group who bought F1, 7 years ago. He said if 330 00:31:11,824 --> 00:31:16,200 Bernie Ecclestone has done something criminally wrong, he would be fired. 331 00:31:16,440 --> 00:31:20,320 The judge ruled that the shares weren't sold too cheap. 332 00:31:21,160 --> 00:31:26,080 Today a legal victory but it may not have felt that way for Ecclestone with the high 333 00:31:26,080 --> 00:31:31,800 court ruling he paid a bribe to secure a deal to sell F1 back in 2005. 334 00:31:33,000 --> 00:31:35,000 I never bribed anyone. 335 00:31:36,760 --> 00:31:39,320 You emphatically maintain your innocence, don't you? 336 00:31:39,344 --> 00:31:40,120 Absolutely. 337 00:31:41,160 --> 00:31:43,120 No corrupt agreement, no corrupt bargain. 338 00:31:43,144 --> 00:31:44,120 No, no. 339 00:31:44,880 --> 00:31:48,760 You confident that you can stay at the control and at the top of Formula One? 340 00:31:48,784 --> 00:31:51,880 I'm happy doing what I do. The minute I'm not, I leave. 341 00:32:06,520 --> 00:32:11,520 After the trial in England, it opened the doors a little bit. The people to start 342 00:32:11,544 --> 00:32:18,560 thinking that maybe there was something else. So I was prosecuted in Germany. 343 00:32:19,840 --> 00:32:23,560 They were very nice about these things. I went a couple of days a week. 344 00:32:24,760 --> 00:32:30,600 The whole trial with evidence obviously in German so I sat there peacefully. 345 00:32:30,624 --> 00:32:37,120 I'd obviously managed to acquire it but turned out decent lawyers to defend me. 346 00:32:37,280 --> 00:32:44,800 We are in a situation where we can make our statement and have a fair chance to 347 00:32:44,824 --> 00:32:49,280 explain how the events run at that time. 348 00:32:50,440 --> 00:32:54,400 And during the break for lunch, they bring me up to speed. 349 00:33:09,240 --> 00:33:14,800 We've been there I think three months or four months or something and Sven decided 350 00:33:14,824 --> 00:33:20,640 that this could go on forever and maybe there was a good way of sorting this out. 351 00:33:20,640 --> 00:33:27,920 Basically in a very crude and not very nice way to put it, you can buy your way 352 00:33:27,944 --> 00:33:35,160 out of these things. So I met with the prosecutor. Just tell me how much you're 353 00:33:35,184 --> 00:33:41,480 looking for to settle this. He said, well you're very rich. 354 00:33:41,504 --> 00:33:46,640 Would you like to make an offer? And I've got to have three figures. 355 00:33:47,880 --> 00:33:50,880 100 million. 356 00:33:53,640 --> 00:33:56,000 I said there's three figures what you're asking for 357 00:33:56,024 --> 00:34:00,680 Put out my hand to shake hands with him 358 00:34:00,704 --> 00:34:06,200 in the normal used car dealer fashion which he said, shook hands. 359 00:34:06,224 --> 00:34:13,080 The judge is happy to accept that and he said to me, can you pay that? 360 00:34:13,104 --> 00:34:21,120 I said if we hurry before the banks close, I think we can manage. 361 00:34:21,600 --> 00:34:24,760 Am I happy? I'm happy to get back to the office. 362 00:34:35,920 --> 00:34:40,760 Hamilton wins the Italian Grand Prix. The margin three seconds over his 363 00:34:40,784 --> 00:34:44,920 teammate Nico Rosberg. It's another one-two for Mercedes. 364 00:34:49,960 --> 00:34:50,760 Has he got the cap? 365 00:34:51,560 --> 00:34:55,520 They're a bit optimistic thinking that that flag might be celebrating 366 00:34:55,544 --> 00:34:59,400 one of the three podium men. The disappointing season for Ferrari. 367 00:35:16,920 --> 00:35:20,760 It was a little bit of a surprise when Luca decided to disappear 368 00:35:20,784 --> 00:35:25,600 from Formula One because nobody could ever expect that to happen. 369 00:35:27,480 --> 00:35:38,520 My first meeting with Bernie Ecclestone was in the middle of 1973 in a hotel in 370 00:35:38,544 --> 00:35:44,760 the airport where we used to have a meeting to Formula One and I'd be 371 00:35:44,784 --> 00:35:47,400 sent there from Enzo Ferrari. 372 00:35:50,920 --> 00:35:57,680 I mean he was Ferrari, no doubt about that. Everybody looked at him as Ferrari. 373 00:36:06,300 --> 00:36:10,240 Lewis Hamilton is the 2014 World Champion. 374 00:36:13,940 --> 00:36:14,780 Well done. 375 00:36:15,820 --> 00:36:19,480 World Champion. First Mercedes Benz champion since Fangio. 376 00:36:47,540 --> 00:36:48,360 Good day. 377 00:36:48,384 --> 00:36:49,600 For you. 378 00:36:58,160 --> 00:37:03,340 Lewis Hamilton and he's now a three time World Champion. 379 00:37:22,640 --> 00:37:25,920 You start thinking about, you know everything, you've gone through the trials 380 00:37:25,944 --> 00:37:30,240 and tribulations, what my dad did to get me there, the sacrifice that my dad had 381 00:37:30,264 --> 00:37:33,680 four jobs at one stage, he was just putting for sale signs up in vending 382 00:37:33,704 --> 00:37:36,560 machines and doing anything he could just to keep me Go-Karting. 383 00:37:36,584 --> 00:37:37,480 And then you sack him. 384 00:37:39,400 --> 00:37:40,400 Well, yeah. 385 00:37:47,400 --> 00:37:54,280 Donald Mackenzie rented a really nice boat. Chase Carey and Sean Bratches and their 386 00:37:54,304 --> 00:38:03,280 wives wanted to see royal. We had dinner together and talked about things in general 387 00:38:03,304 --> 00:38:08,960 and never really much about the business, but more about Monaco and Formula One. 388 00:38:08,984 --> 00:38:14,960 Business wasn't discussed there at all. I think what they really thought in the end, 389 00:38:14,984 --> 00:38:20,080 the bottom line was simple. Here we've got an 80 year old guy that's been running 390 00:38:20,104 --> 00:38:25,560 this company for 40 years. Imagine us proper American business people, 391 00:38:25,584 --> 00:38:29,000 if we had the company, what we could do. 392 00:38:31,880 --> 00:38:34,600 Hello Bernie, I haven't talked to you on the grid for a while. 393 00:38:34,624 --> 00:38:38,360 Is there something big going down in Formula One ownership? 394 00:38:38,384 --> 00:38:44,440 I don't think so. A lot of conversations good for the press, you know, they've got 395 00:38:44,464 --> 00:38:46,380 nothing else to write about. This is all good. 396 00:38:47,200 --> 00:38:50,840 I believe the deal is going to happen with a minority shareholding initially with 397 00:38:50,864 --> 00:38:56,240 Liberty Media guy called Chase Carey coming in as chairman, presumably 398 00:38:56,264 --> 00:39:00,520 executive chairman, which obviously has implications on where Mr. E. 399 00:39:00,544 --> 00:39:03,280 fits in it all and... If that's the case, is your hunch 400 00:39:03,304 --> 00:39:05,880 that this could be the end of Bernie Ecclestone. 401 00:39:05,904 --> 00:39:08,960 If the deal gets concluded, changes will take place. 402 00:39:11,120 --> 00:39:15,960 Welcome back. Bernie Ecclestone says he is prepared to stay in his role as the chief 403 00:39:15,984 --> 00:39:20,760 executive of Formula One following Liberty Media which belongs to John Malone, 404 00:39:20,784 --> 00:39:24,760 the news that has bought the company that has a controlling stake in Formula One. 405 00:39:24,784 --> 00:39:29,120 The company that has that stake is CVC and now Liberty Media has bought a 406 00:39:29,144 --> 00:39:33,640 controlling stake for $4.4 billion. Take debt involved in the actual size 407 00:39:33,664 --> 00:39:37,200 becomes about $8 billion. Ecclestone is set to stay for now but 408 00:39:37,224 --> 00:39:39,120 there's a new chairman. Chase Carey. 409 00:39:39,820 --> 00:39:42,200 We have somebody who knows what they're doing for a change. 410 00:39:43,360 --> 00:39:44,980 I'm just here learning from Bernie, 411 00:40:08,200 --> 00:40:10,440 I shall have to retire one day for sure. 412 00:40:10,464 --> 00:40:12,360 Looking forward to it or 413 00:40:12,384 --> 00:40:14,760 Why, nobody looks forward to dying. 414 00:40:14,784 --> 00:40:18,280 I remember you winding me up years ago when I first met you. 415 00:40:18,304 --> 00:40:23,280 And then one day I had a call from then new Chief Executive of the company saying 416 00:40:23,304 --> 00:40:29,200 could we meet up on Monday. I said sure, sure. What time not to 10 o'clock. I said 417 00:40:29,224 --> 00:40:36,240 yeah fine. So I appeared smartly dressed with a tie. Well I thought you know 418 00:40:36,264 --> 00:40:41,360 make a good appearance in case they want me to hang on so I'll be looking for a 419 00:40:41,384 --> 00:40:48,120 job so let's see what happens. And I was greeted although Chase was a bit late. 420 00:40:48,144 --> 00:40:54,520 He said we bought the company. I said I know. I knew because 421 00:40:54,544 --> 00:40:59,880 I had all the shares that they bought. So yeah I know and he said ... 422 00:41:01,600 --> 00:41:08,920 I'll take your job. So I said you bought the car you might as well drive it. 423 00:41:12,240 --> 00:41:18,120 And then well that lawyer had been with me for years working for me 424 00:41:18,144 --> 00:41:25,840 appeared with a bit of paper written out. They said this is a sort of leaving the 425 00:41:25,864 --> 00:41:30,520 company saying you're gonna leave because I had still had a three year contract 426 00:41:31,160 --> 00:41:38,440 to go. So I said yeah so she said to me, there it is and I said what is it? 427 00:41:38,464 --> 00:41:44,960 She said it's you're resigning. So I said where do I sign? Got a pen and signed 428 00:41:44,984 --> 00:41:48,280 and that was the end of that. 429 00:41:51,840 --> 00:41:58,480 It's really like a marriage really. Easy to get in, difficult to get out. 430 00:41:58,504 --> 00:42:00,760 So I got out. 431 00:42:03,340 --> 00:42:06,020 So that was the end of Formula one for me. 432 00:42:27,720 --> 00:42:29,400 And then I was gone. 433 00:42:36,200 --> 00:42:40,920 I can honestly say I've never planned anything. I've seen opportunities. 434 00:42:40,944 --> 00:42:46,120 If I think they're worth it, I take them and try and make them work. 435 00:42:47,200 --> 00:42:53,120 Sometimes they work well and sometimes I wish I hadn't have jumped in. 436 00:42:56,320 --> 00:42:59,200 But overall I've been lucky. 437 00:43:09,320 --> 00:43:12,080 Bernie is really a gardener. 438 00:43:12,400 --> 00:43:18,520 He found this piece of land and planted some seeds that grew quickly and others 439 00:43:18,544 --> 00:43:25,520 that would take many seasons. Sometimes he had to cut things down even if they 440 00:43:25,544 --> 00:43:31,560 were very beautiful because Bernie always knew what the garden would be. 441 00:43:32,860 --> 00:43:40,360 Bernie's garden will look after itself when his garden was made to last. 44111

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