And manufacturers taking part in a series that was not F1 would be unable to draw on the same sort of public appeal. It would also mean that the TV companies would own the rights to a competition with no big names. The problems of having two rival championships can be seen in American Indy car racing. It is a perfect example of how a car manufacturer's involvement does not guarantee worldwide appeal. But nevertheless, the ACEA is trying to get hold of some shares in the Formula One business.
TV have a serious influence on the sport.
No doubt, Kirch is the company that the manufacturers will try to buy the shares from. F1's governing body, the FIA, has said it would approve of any changes so long as safety requirements were met, but that does not mean it is in favour. The FIA's agreement with the plans is just its standard response to any group of people who wish to set up a motorsport championship of any description. In reality, it will be wishing that this is sorted out as soon as possible. So it is likely that high level negotiations are already going on between FIA boss Max Mosley, F1 commercial supremo Bernie Ecclestone, the manufacturers, and the TV companies.