Quote:
Originally Posted by ptack
The NY Times had a good article. The proverbial bottom line is that Bernie mortgaged the hell out of Formula 1 to gain control of it and while there's enough total revenue to make the sport work, more than half of it goes to the cabal behind Bernie which does nothing, nada to support the sport. The money is just skimmed of the top. Since one of the cornerstones of the sports popularity is cutting edge technology, there's no way that business model can be sustained unless the revenues can be greatly increased. If they instead decide to cut costs as Christian Horner suggests, I think they stand a good chance of seeing their revenues decline as well.
|
Agreed - very good article in the NYT yes
Even the bottom teams are spending $100 million a year + and can't come close to competing as they are getting out spent 4-5 times over
Most successful sports series have salary caps - it would hurt the tech but may control cost and tighten up the competition.