katiekutie:

Thanks for that stigga, I have seen some of that for the Foundation which seems a very worthwhile thing and I didn't mean to suggest there was anything wrong with it if thats what my post implied.

It's the main body of the FIA I find secretive - one of my friends has likened it to a sort of Freemasons, not that I would really know what they are like, I've just heard the rumors about funny handshakes and ritual ceremonies!

I didn't take that implication from it, I only posted it as I'd been looking at exactly what it does and trying to discover who was linked with it, interestingly I think Schumey was appointed as a director of the foundation on 20/03/2008, and resigned on 07/04/2009. He was also elected as a trustee in 2007.

As for the FIA itself, it is indeed secretive, and seemingly the more you look into it the more that secrecy manifests itself, little wonder transparent governance is called for.

justrace:

stigga:

justrace:

I am looking forward to that ridiculous complain. Just goes to show what FOTA is made off. Instead of sticking to agreements and representing them truthfully all they are capable off is backstabbing people who do not bend to them.

 

Dear me what a load of rubbish, who are they backstabbing exactly ? A team that has gained entry to the series is having its public relations sorted by a director of a company owned by the Chief Steward of that series. Not very dodgy at all I suppose, if you're as straight as a dogs back leg.

There is no chief steward, there is only a head of stewards without vote.

Let me know once the complaint has been filed before you get completely carried away with your conspiracies.

Granted "chief Steward" may be the wrong title to give him, although I note that many many publications refer to him as such, including, formula1.net, The Guardian, Planetf1, totalF1.net and many others, and then there's the fact that he took over from Tony Scott Andrews (who's title was Chief Steward) its irrelevant whether he has a vote.

 I dont have a conspiracy, I (along with many others it seems, some of them being team principals) have very genuine concerns that a top FIA official is allowing his own company to promote an individual F1 team, in fact, if Manor does become renamed as Virgin, and Donnelly is revealed to have played a part in that, I would hazard a guess that he is in contravention of the EU ruling that forbade the FIA from having anything to do with the teams commercial activities..

I'm not a fan of conspiracys justrace, especially when they're without foundation, for instance someone implying that the manufacturers had "tried to take over the regulatory side of F1", now that really is a conspiracy theory.

I've been looking for a definitive conclusion concerning what the the European Commission said about the FIA and commercial interests.

Given that Alan Donelly has commented on the leaked email, but not denied its existence nor content, I wonder how he personally, and his company, Sovereign, reconcile his/their actions with the points raised in the report below.

I think this might be one of those stories that runs for a while.

stigga:

Investment Managers
AXA Investment Managers	London
JPMorgan Charity Services	London
Morgan Stanley Investment Management	London
Morley Fund Management	London

 

 

 

Period End	Dec 2007
EOYHead	Dec-07
Total Income	£6.63m
Total Expenditure	£10.192m
Total Funds	£266.249m
Governance as% of Total expenditure	4.68%
Voluntary Income	0.342
Investment income	6.247
Investment Costs	1.292
Costs of Charitable Activities	8.422
Governance	0.478

 

 As for the FIA itself I wouldn't know.

Very useful information indeed.

Just curious for some of the entries:

what do the "Investment Managers" (in relation to FIA) do???

How about one of those entries i.e. "Investment Costs"   1.292 what is it for? 

Interestingly you have an income of 6.63m against total expenditure of 10.192m, so how does that work??

Do you know if FIA's financial records are filed in UK (i.e. in "companies house")? 

mo1965:

stigga:

Investment Managers
AXA Investment Managers	London
JPMorgan Charity Services	London
Morgan Stanley Investment Management	London
Morley Fund Management	London

 

 

 

Period End	Dec 2007
EOYHead	Dec-07
Total Income	£6.63m
Total Expenditure	£10.192m
Total Funds	£266.249m
Governance as% of Total expenditure	4.68%
Voluntary Income	0.342
Investment income	6.247
Investment Costs	1.292
Costs of Charitable Activities	8.422
Governance	0.478

 

 As for the FIA itself I wouldn't know.

Very useful information indeed.

Just curious for some of the entries:

what do the "Investment Managers" (in relation to FIA) do???

How about one of those entries i.e. "Investment Costs"   1.292 what is it for? 

Interestingly you have an income of 6.63m against total expenditure of 10.192m, so how does that work??

Do you know if FIA's financial records are filed in UK (i.e. in "companies house")? 

 

"Very useful information indeed"

Its the only kind of information I provide.

"How about one of those entries i.e. "Investment Costs"   1.292 what is it for?"

Its the cost figure entry, for the investments.

"Interestingly you have an income of 6.63m against total expenditure of 10.192m, so how does that work??"

Not very well I'd imagine.

"Do you know if FIA's financial records are filed in UK (i.e. in "companies house")?"

See the last line in my post, the one that says "As for the FIA I wouldn't know"  

stigga:

mo1965:

stigga:

Investment Managers
AXA Investment Managers	London
JPMorgan Charity Services	London
Morgan Stanley Investment Management	London
Morley Fund Management	London

 

 

 

Period End	Dec 2007
EOYHead	Dec-07
Total Income	£6.63m
Total Expenditure	£10.192m
Total Funds	£266.249m
Governance as% of Total expenditure	4.68%
Voluntary Income	0.342
Investment income	6.247
Investment Costs	1.292
Costs of Charitable Activities	8.422
Governance	0.478

 

 As for the FIA itself I wouldn't know.

Very useful information indeed.

Just curious for some of the entries:

what do the "Investment Managers" (in relation to FIA) do???

How about one of those entries i.e. "Investment Costs"   1.292 what is it for? 

Interestingly you have an income of 6.63m against total expenditure of 10.192m, so how does that work??

Do you know if FIA's financial records are filed in UK (i.e. in "companies house")? 

 

"Very useful information indeed"

Its the only kind of information I provide.

 "How about one of those entries i.e. "Investment Costs"   1.292 what is it for?"

Its the cost figure entry, for the investments.

"Interestingly you have an income of 6.63m against total expenditure of 10.192m, so how does that work??"

Not very well I'd imagine.

  

"Do you know if FIA's financial records are filed in UK (i.e. in "companies house")?"

See the last line in my post, the one that says "As for the FIA I wouldn't know"  

  

The best answer I have had to date. Weldone for providing such a valuable information. I shall print laminate this information for future use. 

By the way, it is not a bad idea, to have an understanding of what you are posting. 

mo1965:

 

 

By the way, it is not a bad idea, to have an understanding of what you are posting. 

 

Irony.

stigga:

mo1965:

 

By the way, it is not a bad idea, to have an understanding of what you are posting. 

 

 

Irony.

Why Irony, my 500 posts are no match for your over 4500 posts. You have beaten me by a ratio of 9 to 1!!! 

stigga:

justrace:

stigga:

justrace:

I am looking forward to that ridiculous complain. Just goes to show what FOTA is made off. Instead of sticking to agreements and representing them truthfully all they are capable off is backstabbing people who do not bend to them.

 

Dear me what a load of rubbish, who are they backstabbing exactly ? A team that has gained entry to the series is having its public relations sorted by a director of a company owned by the Chief Steward of that series. Not very dodgy at all I suppose, if you're as straight as a dogs back leg.

There is no chief steward, there is only a head of stewards without vote.

Let me know once the complaint has been filed before you get completely carried away with your conspiracies.

 

Granted "chief Steward" may be the wrong title to give him, although I note that many many publications refer to him as such, including, formula1.net, The Guardian, Planetf1, totalF1.net and many others, and then there's the fact that he took over from Tony Scott Andrews (who's title was Chief Steward) its irrelevant whether he has a vote.

 I dont have a conspiracy, I (along with many others it seems, some of them being team principals) have very genuine concerns that a top FIA official is allowing his own company to promote an individual F1 team, in fact, if Manor does become renamed as Virgin, and Donnelly is revealed to have played a part in that, I would hazard a guess that he is in contravention of the EU ruling that forbade the FIA from having anything to do with the teams commercial activities..

I'm not a fan of conspiracys justrace, especially when they're without foundation, for instance someone implying that the manufacturers had "tried to take over the regulatory side of F1", now that really is a conspiracy theory.

Of course it is important that the head of stewards does not have a vote. And it is no surprise that the publicattions you list also like to imply that he is the "chief steward".

The complaint you mentioned says that somebody else in Donnelly's company was working pro-bono for Manor. It was not Donnelly, it was not Donnelly's company. Arranging meetings and usig contacts is as old as F1, and constructing anything untoward from it would make the majority of players in F1 guilty of the same. And constructing out of all that that the FIA has any commercial interest in all this is so obviously wrong that it does not even need explaining.

Regarding your last paragraph, the whole point of the breakaway series was to take absolute control of the sport, commercially and regulatory. In a way it is a shame it did not happen, as I would have liked to see your posts about conflicts of interest in the breakaway series.

justrace:

stigga:

justrace:

stigga:

justrace:

I am looking forward to that ridiculous complain. Just goes to show what FOTA is made off. Instead of sticking to agreements and representing them truthfully all they are capable off is backstabbing people who do not bend to them.

 

Dear me what a load of rubbish, who are they backstabbing exactly ? A team that has gained entry to the series is having its public relations sorted by a director of a company owned by the Chief Steward of that series. Not very dodgy at all I suppose, if you're as straight as a dogs back leg.

There is no chief steward, there is only a head of stewards without vote.

Let me know once the complaint has been filed before you get completely carried away with your conspiracies.

 

Granted "chief Steward" may be the wrong title to give him, although I note that many many publications refer to him as such, including, formula1.net, The Guardian, Planetf1, totalF1.net and many others, and then there's the fact that he took over from Tony Scott Andrews (who's title was Chief Steward) its irrelevant whether he has a vote.

 I dont have a conspiracy, I (along with many others it seems, some of them being team principals) have very genuine concerns that a top FIA official is allowing his own company to promote an individual F1 team, in fact, if Manor does become renamed as Virgin, and Donnelly is revealed to have played a part in that, I would hazard a guess that he is in contravention of the EU ruling that forbade the FIA from having anything to do with the teams commercial activities..

I'm not a fan of conspiracys justrace, especially when they're without foundation, for instance someone implying that the manufacturers had "tried to take over the regulatory side of F1", now that really is a conspiracy theory.

Of course it is important that the head of stewards does not have a vote. And it is no surprise that the publicattions you list also like to imply that he is the "chief steward".

The complaint you mentioned says that somebody else in Donnelly's company was working pro-bono for Manor. It was not Donnelly, it was not Donnelly's company. Arranging meetings and usig contacts is as old as F1, and constructing anything untoward from it would make the majority of players in F1 guilty of the same. And constructing out of all that that the FIA has any commercial interest in all this is so obviously wrong that it does not even need explaining.

Regarding your last paragraph, the whole point of the breakaway series was to take absolute control of the sport, commercially and regulatory. In a way it is a shame it did not happen, as I would have liked to see your posts about conflicts of interest in the breakaway series.

According to the FIA his title is "Chairman Of The Stewards"

http://www.fia.com/en-GB/automotive/issue-15/sport/Pages/article-5.aspx

When I said his voting was irrelevant, I meant in the context of your answer, not in the context of his job description, but I'll take that one on the chin.

I dont know quite why you think its "no surprise" those publications like to list him as Chief Steward, even the bbc have done so, and so has James Allen on his site, as Chairman of the stewards, with no steward being above him I'd suggest that whilst its not his official title, its one justifiably used, whilst acepting he has no vote.

It might not have been Donnelly working for Manor in respect of the original complaint, but it was an associate director of his company. The leaked email suggest that he himself has been involved, and far from not needing explaining, it needs explaining to the nth degree, as an FIA official he should be taking no interest in the financial affairs of any team, arranging investment/sponsorship for instance.

Yes, the breakaway series was to take absolute control of the sport, commercially and regulatory, but that was FOTA's intention, which is quite different from what you said isn't it, ie: that the manufacturers had "tried to take over the regulatory side of F1", FOTA contains independent teams as you're well aware.

"Regarding your last paragraph, the whole point of the breakaway series was to take absolute control of the sport, commercially and regulatory. In a way it is a shame it did not happen, as I would have liked to see your posts about conflicts of interest in the breakaway series."

I think its a shame it did not happen too, but for more idealistic reasons.

Paddocktalk has issued an apology to Alan Donnelly.

"A recent commentary published by our publication regarding Alan Donnelly should not have been published. It had not been fully reviewed nor was it intended to be published as it was presented, thus it did not uphold the standard of fairness that we expect of opinions published at PaddockTalk.com. The commentary has been removed.

We are extending our sincerest apology to Alan Donnelly. His actions in his FIA role are completely independent of any particular Formula One team as a representative of the FIA. And his actions should only be viewed in their most positive light"

I notice no-one else has issued one, time will tell but I suspect the FIA/Donnelly/MAx are just bullying those without the resources to fight back. I like the last line  

"And his actions should only be viewed in their most positive light."

If the email proves to be true and accurate his actions have no positive light.

An interesting comment from Chris Sylt in Pitpass today raises doubt over whether USF1 will actually be on the grid next season, I think the company in question was Disney.

"Pitpass had rcenetly reported that USF1 had approached the completely  wrong department of a company which it hoped to woo as a sponsor, now, speaking under condition of anonymity a senior business source in F1 has told Pitpass business editor Chris Sylt that somebody went to see the American team the other day and said "there's nothing there, I'd be very surprised if they are there (nest season)"

stigga:

An interesting comment from Chris Sylt in Pitpass today raises doubt over whether USF1 will actually be on the grid next season, I think the company in question was Disney.

 

"Pitpass had rcenetly reported that USF1 had approached the completely  wrong department of a company which it hoped to woo as a sponsor, now, speaking under condition of anonymity a senior business source in F1 has told Pitpass business editor Chris Sylt that somebody went to see the American team the other day and said "there's nothing there, I'd be very surprised if they are there (nest season)"

So it's true then; at least one of the new teams is Mickey Mouse!

andy karter:

stigga:

An interesting comment from Chris Sylt in Pitpass today raises doubt over whether USF1 will actually be on the grid next season, I think the company in question was Disney.

 

"Pitpass had rcenetly reported that USF1 had approached the completely  wrong department of a company which it hoped to woo as a sponsor, now, speaking under condition of anonymity a senior business source in F1 has told Pitpass business editor Chris Sylt that somebody went to see the American team the other day and said "there's nothing there, I'd be very surprised if they are there (nest season)"

So it's true then; at least one of the new teams is Mickey Mouse!

Lol, I think I read elsewhere it was Disney, as for whether USF1 will be there, it may well prove to be the case,given that the source isn't revealed I wouldn't bet my mortgage on it, but after the latest revelations nothing would surprise me, oddly enough I'd always thought that USF1 were at least more likely to get on the grid than Manor, but then, perhaps USF1 aren't as friendly with Donnelly as John Booth is.

andy karter:

stigga:

An interesting comment from Chris Sylt in Pitpass today raises doubt over whether USF1 will actually be on the grid next season, I think the company in question was Disney.

 

"Pitpass had rcenetly reported that USF1 had approached the completely  wrong department of a company which it hoped to woo as a sponsor, now, speaking under condition of anonymity a senior business source in F1 has told Pitpass business editor Chris Sylt that somebody went to see the American team the other day and said "there's nothing there, I'd be very surprised if they are there (nest season)"

So it's true then; at least one of the new teams is Mickey Mouse!

It had to be said!