Quote:
Originally Posted by indycool
robin is famous for 'figures'..
but make no mistake...TG stated flatly.....the IRL has never turned a profit
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Quote:
Originally Posted by indycool
robin is famous for 'figures'..
but make no mistake...TG stated flatly.....the IRL has never turned a profit
IC...does it make the story any more palatable to you if the Hulmans lost 600 million? REALLY? Splitting hairs wont change the fact that Miller had the meat and potatoes of the story right on and all the Miller haters said he was creating a S*#$Storm where it wasn't warranted. Turns out he had Tony being booted off the leadership position he had at the Speedway and that the family was tired of backing his projects. Whether it was 600 or 700 million dollars is of no interest except to the sisters, who likely were the source of Miller's story.Quote:
Originally Posted by indycool
The fact is, Tony spent a lot of money winning a war for an entity that he devalued greatly winning.....and as it turns out, the sisters are not happy about it.
When Tony himself admits he made a big mistake, maybe then some his worshipers will find that his motives for starting the series were not what he claimed in the first place.
Why defend that barely educated brat anyway?
As I said, I didn't refer to any part of anyone else's post, I only indicated Robin played fast and loose with numbers.
Robin and many others go on and on about how much was spent. As many forget, they do have revenue coming in. The Hulman-George family has NOT lost $600-700 million. They have lost $$ (per TG himself), but not the full amount.
Remember the IRL has had TV revenue since day one, along with series sponsors, title sponsors, sanctioning fees, advertising $$ etc etc. This adds up over the years too.
Some people for what ever reason try to blame T. George for destroying open wheel racing; I do blame him for making himself look like a hypocrite and destroying his own series while crapping on the peopel he SAID he created it for.Quote:
Originally Posted by methanolHuffer
For THAT there is NO excuse.
IC, I'm trying to see what you're referring to but I can't find it. I went back and looked at Robin Miller's articles on SPEEDTV.com, including "IMS CEO Change" and "Tough Week at 16th & Georgetown" and both times he quoted an estimated $600 million figure. Another 100 million bucks is a lot of coin, but in the light of hundreds of millions, that's not a huge gap. Besides, Miller said "estimated", so he wasn't casting the figure in granite. Having said all that, I would still say that saying Miller is playing fast and loose with the numbers is a bit harsh. In light of the fact that he nailed this story of George being shown the door almost a month before IMS finally owned up to it, all the while getting beat up by cynics in and out of the media and here on the forums, as he has nailed other high profile stories in open wheel in recent years, I think Robin Miller is entitled to the benefit of the doubt.Quote:
Originally Posted by indycool
Chap, I'm not referring to the rest of Robin's story, which certainly scooped the world. But he referred to $600m very recently in a piece and it became $700m in the last one. If you put together all the different attendance figures he's used for races at Phoenix, you'd find a wide gap, depending on how badly he wanted to make his point.
I knew it was just a matter of time until pheonix attendance got tossed put there ....
So predictable ic
This is not like you to split hairs. Albeit a 100 million dollar one! Regardless, Robin Miller got it right at the macro level.Quote:
Originally Posted by indycool
The bottom line, as I see it, is this series had a better than 50% chance of folding. This could be the sinking of the unsinkable, the IMS.
I fear F1 is heading for the same fate.