But Ecclestone revealed: “They [The BBC] had a contract in force already, from 2012 all the way through to 2014.
“They got to grips with Sky themselves. I spoke with ITV too, and came up with the same problem as Channel 4 had. We had a contract with the BBC which didn’t run out until 2014.
“We couldn’t very well do a deal with other people for them to start doing something next year, because we had that contract.
“Other broadcasters wouldn’t want to wait until 2014 to decide what they wanted to pay.”
The F1 supremo believes the BBC – led by Director of Sport Barbara Slater – were looking to make savings in the region of £25million a year.
They wanted to renegotiate their broadcasting rights into a shared deal with another network, but simply didn’t want to share the sport with a terrestrial rival.
Asked whether the BBC “held all the cards” over the new deal, he added: “Yes, absolutely. If they [Channel 4] had said they wanted to sign a contract today to start broadcasting for £45m a year, then we would have probably done it.
“But that’s the problem. We couldn’t deal with them, even if they had wanted to.”
Formula One supremo Bernie Ecclestone: My hands were tied over BBC/Sky deal - Mirror Online