Formula 1 team McLaren fined $100M

[NewHummerGuy]

http://www.msnbc.msn.com/id/20760504/

Damn...makes Nascar fines look like pocket change.

[DRTYFN]

McLaren fined, stripped of constructors? points
McLaren have been excluded from the 2007 constructors? championship and fined US$100 million following Thursday?s FIA World Motor Sport Council (WMSC) hearing in Paris. Drivers Fernando Alonso and Lewis Hamilton have not been penalized and are free to continue their fight for the drivers' title.

"The WMSC have stripped Vodafone McLaren Mercedes of all constructor points in the 2007 FIA Formula One world championship and the team can score no points for the remainder of the season,? said an FIA statement.

"Furthermore, the team will pay a fine equal to $100m, less the FOM (Formula One Management) income lost as a result of the points deduction.?

The penalty follows McLaren?s admission that the team was in breach of the International Sporting Code through their possession of confidential technical data belonging to rivals Ferrari, who are now all but assured of the 2007 constructors? title.

The FIA will explain the reasons behind the Council's decision on Friday.

The full statement from the FIA:

In an extraordinary meeting of the World Motor Sport Council was held in Paris on the 12th of September 2007, The following decision was taken:

"The WMSC has stripped Vodafone McLaren Mercedes of all constructors' points in the 2007 FIA Formula One World Championshiop an the team can score no point for the remainder of the season *.

"Furthermore, the team will pay a fine equal to 100 million dollar, less the FOM income lost as a result of the points deduction.

"However, due to the exceptional circumstances in which the FIA gave the team's drivers an immunity in return for providing evidence, there is no penalty in regards to drivers' points **.

"The WMSC will receive a full technical report on the 2008 McLaren car and will take a decision at its December 2007 meeting as to what sanction, if any, will be imposed on the team for the 2008 season."

The full reasons for this decision will be issued on the 14th September 2007.

* Points gained by other teams so far this season will not be affected.

** No McLaren representative will be allowed on the podium should a McLaren driver win any of the remaining races of the 2007 season.

http://www.formula1.com/news/headlines/2007/9/6767.html

[KenP]

Those crazy open wheelers.

[NewHummerGuy]

Patriots fined 500k for spying........no where near 100M.....DAMN

[KenP]

Originally Posted by NewHummerGuy

Patriots fined 500k for spying........no where near 100M.....DAMN

That guy running F1 these days is money hungry.

[MDimitri]

Holy Hannah!! that's a hell of a fine....but 100M? That is just wayy out of line, I could see 5-10M, but 100M? The F1 races make a slew of cash not to mention all the automotive research funding they get but to set a punative fine so high is just nuts!

[bparker]

Dam! Thats gotta be the fine of all fines eh?