Sunglasses? ;)Quote:
Originally Posted by Blancvino
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Sunglasses? ;)Quote:
Originally Posted by Blancvino
I'm disappointed - I was hoping to cheer for them to someday not be last on the grid & even score a point or two. (I also would have liked to visit the shop if it was open for visitors.) The operation seemed like a good idea that just wasn't managed worth anything.
This just illustrates a larger problem with the administration of Formula One - the hyper-expensive dictatorial top-down management. They use a flawed & political awarding of a "franchise" type permission to race. Teams got accepted that aren't going to ever make the grid, while others have their funding, equipment, & management in place, yet can't proceed because they don't have official approval. USF1 quite possible already spent more money getting FIA approval then they will ever spend getting a car racing.
How much better if any team in the world could show up with a car built to spec? If they could submit to & pass a crash test, pass race-week scrutineering, and qualify, they should race. Once they score a point, then they get F1 travel money, a guaranteed grid spot, and a place at the award & bargaining tables.
It kinda the same way with racing venues. Formula 1 demands an astronomically exorbitant fee for the privilege of being hosted, so much so that most of the races are now government (re: taxpayer/people's treasury) supported and not commercially viable. What ever happened to getting a cut of the gate, especially as they get TV money too. We end up without races at great tracks and near true fans.
I will be rooting for Virgin (who seem to be doing everything that USF1 was supposed to do, but actually doing it) and Lotus (because they are Lotus, duh) because new teams are exciting.
Although I could never understand why someone will support a team or driver just because they are from the same country :confused: I do understand your disappointment.Quote:
Originally Posted by e2mtt
F1 used to be a sport where people could buy cars, form a team and just turn up - thats how, for example, Williams began. Cars could also be constructed, enter and try to qualify - there was no such thing as a "crash test". The FIA as constituted today did not exist - thank God!
F1 was different than today in culture, attitude and approach.
But you know that things change and especially in a world where government intrusion is rife and moving worldwide for decades now further and further away from liberty.
Nothing in isolation - as capitalism is destroyed you cannot expect the most capitalistic of all world sports, formula one, not to be affected.
Hence you have the FIA. Welcome to hell.
I don't understand all the politics and money stuff, but if a place wants to host a Grand Prix, they pay to have the race there and provide a place for the race, yet they don't get money in return?
So it's like if the star quarterback and the captain of the cheerleaders want to have a graduation party at my place, I pay them to have the party at my place. They charger partygoers an admission fee, and I get nothing in return?
Not quite, you get to keep the money from sales at the gates - no less, no more.Quote:
Originally Posted by Civic
Pretty close. Formula One (as owned by Bernie Ecclestone) gets a flat fee of about $20 million PLUS all of the advertising money on signs PLUS all the TV revenue. Reportedly the venue pays Bernie an average of $45 MILLION to host the race. (Singapore paid $90 million last year?) The only way any track can raise that money is by getting the local governments or large corporate advertisers to pitch in. The races are huge money losers, that get written off as advertising & publicity for the cities & companies involved. Meanwhile Bernie & CVC & the Formula One Group (which is not FIA) show more then a $1 BILLION in profits a year.Quote:
Originally Posted by Civic
This is from memory, some of my numbers may be a little off. Sorry about the thread-hijack.
FOM (Bernie) gets a sanction fee to have the race at the venue (Silverstone pays just under $20m for 2010 race, and an annual escalation at 7% per year, for 17 years.....).Quote:
Originally Posted by e2mtt
FOM sells all trackside signage and keeps 100% revenue.
FOM sells premium rate Paddock Club VIP hospitality and keeps 100% revenue - the venue can sell second-level hospitality.
Merchandise - venues can rent sites to retailers; FOM licenses some retailers for official F1 merchandise.
On-site food and beverage - circuit keeps revenue.
Quote:
Originally Posted by milly
Also, sanction fees vary across events:
Malaysia and Abu Dhabi pay approx $45m in 2009.
Monaco pays nothing.
Monza pays about $5m.
Average price is $20m across the season.
Assuming WTF1 isn't going to race (and it's a fairly safe bet), what happens now? Just handing the entry to Stefan GP would be a bit of a risk as they haven't really come out with anything more than a repainted Toyota chassis, and no mention of where their funding is going to come from. If USF1 fail with the backing of Youtube, I'm sceptical as to how an unheard of Serbian entry can find the cash any better.
Edit: just noticed the other thread on this :s
Really? That's the most logical thing in the world. You support a driver who has something in common with you, language, habits etc. There is nothing strange about that.Quote:
Originally Posted by Saint Devote