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Thread: ISC Pre-tax loss of £4m...
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30th May 2008, 20:24 #1
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ISC Pre-tax loss of £4m...
This is an article taken from The Daily Telegraph from Wednesday, which is quite intersting;
World rallying rights holder crashes into red
"The fortunes of ISC, holder of the commercial rights to motorsport's WRC, have gone into reverse, according to it's latest accounts.
Results released this month show that a dent in the value of the sport's commercial rights sent turnover tumbling 40% to £8.8m in 2006. This left the business with a £4m pre-tax loss - down from a £250,000 profit the previous year.
Must admit I didn't know just how bad the profits were, I knew the sport was struggling , but these show just how poorly the WRC is.
Is there a better sound than that of Porsche engined Flat-6 ???
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