The bottom falling out of F1 ? | Page 2 | FerrariChat

The bottom falling out of F1 ?

Discussion in 'F1' started by william, Sep 25, 2015.

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  1. dmark1

    dmark1 F1 World Champ
    BANNED Owner

    Feb 26, 2008
    11,439
    Americas Team Headquarters
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    Mark
    LOL. I'm sorry that is just funny. The NFL will be around when Jesus comes back to earth. ;)
     
  2. IamRobG

    IamRobG F1 Rookie

    Jun 18, 2007
    4,092
    NY
    Sorry but the nfl isn't going anywhere and don't be surprised if you see a British team in the next 10 years. F1 would flame out before the nfl. It is literally the biggest sport in the United States. Nfl and NASCAR
     
  3. william

    william Two Time F1 World Champ

    Jun 3, 2006
    27,890
    But both are only national series with a local audience.

    Soccer and F1 are followed all over the world with a wider audience.

    NFL and NASCAR may seem big to you, but in fact they are small in comparison with F1 and soccer.
     
  4. IamRobG

    IamRobG F1 Rookie

    Jun 18, 2007
    4,092
    NY
    Oh I know that 100% but from a financial standpoint they're both much healthier and run better. Americans are creatures of habit and tradition.
     
  5. william

    william Two Time F1 World Champ

    Jun 3, 2006
    27,890

    They operate in one country.
     
  6. Fast_ian

    Fast_ian Two Time F1 World Champ

    Sep 25, 2006
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    Ian Anderson
    +1

    They've already changed, and continue to change, the rules in attempts to not get guys, basically, killed.

    They run a fine model IMO. However, they also tried in Europe - Remember "NFL Europe"?

    Fail.

    Then we had that lunatic from wrestling - Mcmahon (?) that set up the XFL to "satisfy the demand for more (American) football".

    Fail.

    The NFL OTOH just seems to go from strength to strength - at least here in the States.

    They do have the distinct advantage of being on the tube during "prime time" however. [Where "prime time" extends from ~09:00 to 23:00 on Sunday of course! ;) ]

    Cheers,
    Ian
     
  7. Fast_ian

    Fast_ian Two Time F1 World Champ

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    Their size is measured how?

    I'm not being funny, and if we use TV eyeballs as "size", over the course of the year, then yeah, worldwide, you're 100% correct.

    How about using "advertising revenue" as another measure...... I haven't researched it, but suspect 30 seconds in the Superbowl costs more than the same in the FA Cup final......

    Cheers,
    Ian
     
  8. Fast_ian

    Fast_ian Two Time F1 World Champ

    Sep 25, 2006
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    Ian Anderson
    They keep talking about it, but it never seems to go further than that.

    Logistically, it could be done.

    I'm pretty sure they sell out Wembley (~80k IIRC?) whenever they do a real game there - They tried pre-season games and no one went......

    But, is there support for a franchise there is the many $MM question? Any owner would need *big* cojones IMO! ;)

    Cheers,
    Ian
     
  9. singletrack

    singletrack F1 Veteran

    Mar 16, 2011
    5,832
    Pittsburgh, PA
    Based on viewership, but not revenue.

    F1 revenue 2014: ~1.3B US
    NFL revenue 2015: ~12B US

    F1 valuation 2014: ~12B US
    NFL valuation 2014: ~64B US (avg of 2B per team @ 32 teams)

    But in viewership, yah F1 probably wins by a factor of 4 of more (hard to determine since they don't share it), and in revenue per event it crushes an NFL game. There are 19 races in F1 vs 332 games with playoffs in the NFL.

    Either way, the point was that the system of the NFL is healthy for the game, which is good for the fans and the teams. Where the system in F1 leaves certain teams unable to compete and fans and stakeholders frustrated.
     
  10. singletrack

    singletrack F1 Veteran

    Mar 16, 2011
    5,832
    Pittsburgh, PA
    I did it for you sir ; )

    2015 is projected at 12B, 2014 I have seen figures of 10.x to 11B...it's somewhere in there. What's more impressive is that they are charting revenue growth at 1B US year over year. There is no way F1 can match that unless Bernie keeps adding races which is not possible because of the rotation of the earth and its proximity to the sun ; )
     
  11. Fast_ian

    Fast_ian Two Time F1 World Champ

    Sep 25, 2006
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    Ian Anderson
    Thankyou sir! :)

    :eek: ;)

    :D

    Wow! Source?

    "Exclusive" indeed! ;)

    Each friggin' team in baseball plays a 162, before the playoffs!......

    +1

    Easy to "see", harder to "fix"......

    Cheers,
    Ian
     
  12. singletrack

    singletrack F1 Veteran

    Mar 16, 2011
    5,832
    Pittsburgh, PA
    25B rev target for NFL:
    Goodell sets revenue goal of $25B by 2027 for NFL - SportsBusiness Daily | SportsBusiness Journal | SportsBusiness Daily Global

    12B revenue projection for 2015 (also notes 2014 revenue of over 10B):
    NFL sees big jump in revenue - Jul. 20, 2015

    NFL team valuations:
    The Business Of Football - Forbes

    F1 revenue 2014(Note that the 16.2B is over 15 years):
    F1 Revenue Accelerates Past FIFA's To $16.2 Billion

    F1 revenue also but outdated perhaps - shows 1.5B in 2013:
    Formula for success: How F1 built a billion dollar business - CNN.com

    F1 valuation of 12B US:
    How CVC Has Made $8.2 Billion From Formula One Auto Racing


    No doubt!
     
  13. ginge82

    ginge82 Formula 3

    Jul 23, 2012
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    Art Corvelay
    I love football but it is doomed and deep down the vast majority of fans that have done an ounce of research on CTE know it too.
     
  14. Fast_ian

    Fast_ian Two Time F1 World Champ

    Sep 25, 2006
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    Ian Anderson
    Great links, thanks!

    Maybe Bernie should hire Goodell.......

    There's always been "haves" & "have-nots" in F1.

    Teams, from the largest manufacturers to the tiniest minnows come & go.

    Always been that way, & I'm pretty sure always will be.

    Nature of the game. Nothing to see here, please move along. ;)

    Cheers,
    Ian
     
  15. singletrack

    singletrack F1 Veteran

    Mar 16, 2011
    5,832
    Pittsburgh, PA
    Then why is boxing still around?

    The NFL has exposure to the players that didn't know the risks previously. New players know the risks. The ones that aren't ok with it are retiring. The biggest risk IMO is reduced participation at lower levels of football due to concerns from parents.

    Is women's soccer also doomed?

    Concussions in women's soccer: Are girls at risk? - Fortune
     
  16. singletrack

    singletrack F1 Veteran

    Mar 16, 2011
    5,832
    Pittsburgh, PA
    Welcome!

    Hahahahah! I have a love hate relationship with Goodell. His handling of "spygate" is one of the greatest screw ups in sports history IMHO. There is an inherent conflict of interest in his job also since he really works for the owners. One thing I know for certain though is that he is trying and loves football.

    He use to tend bar here in Pittsburgh when he was in college. The owner once asked him what he wanted to do when he graduated. He said, "I'm going to be the commissioner of the NFL". Pretty amazing story; worth a read:

    The Season from Hell: Inside Roger Goodell's Ruthless Football Machine | GQ

    I've accepted that honestly, but it doesn't hurt to dream. : ) I'm finding that racing, in general, is full of broken hearts and sad stories. I come from a background of team and individual sports where, usually, the cream rises to the top. Racing seems like a minefield even for the most talented, hard working, and well intentioned.
     
  17. Fast_ian

    Fast_ian Two Time F1 World Champ

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    Yeah, but it seems to work pretty well.... So called "independent" bodies don't seem to do any better. [Blatter of FIFA is now under investigation in Switzerland, of all places!]

    +1

    Can't really ask any more.

    Another great link! Thx. :)

    Always been that way......

    And best funded...... But, I think the cream still rises.

    Cheers,
    Ian
     
  18. Remy Zero

    Remy Zero Two Time F1 World Champ

    Apr 26, 2005
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    MC Cool Breeze
    F1 has been in crisis since God knows when. As someone mentioned, the model is just not right anymore. Year in year out teams like sauber and lotus have issues starting races let alone survival.
     
  19. 4rePhill

    4rePhill F1 Veteran

    Oct 18, 2009
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    Phill J
    Teams like Sauber and Lotus have been having these sort of problems since Grand Prix racing has ever existed! - Not just since F1 went into crisis.

    Do a Google search of all teams that have ever participated in Grand Prix racing/F1 and you'll find loads that have got into trouble and left the sport/gone under because they simply couldn't afford to participate in it any more.
     
  20. Fast_ian

    Fast_ian Two Time F1 World Champ

    Sep 25, 2006
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    Ian Anderson
    +1

    Is it really in a "crisis"?

    The crowd in Japan looked pretty good to me.

    Attendance, and indeed TV eyeballs may be down some, and they sound ****, but is it really a crisis?

    +1 The list is long - Very long - and not terribly distinguished.........

    Cheers,
    Ian
     
  21. singletrack

    singletrack F1 Veteran

    Mar 16, 2011
    5,832
    Pittsburgh, PA
    Not financially certainly - it is doing great...for the investors and the top teams. I'm not even convinced the TV eyeballs are down honestly. I've never seen one link of credible data to this effect. Now you have a US team entering, so that should help drive up eyeballs.

    The sound is horrible though.

    F1 valuation 2006: 2B US based on the sale to CVC
    F1 valuation 2015: 12B US

    Is there any doubt that Bernie cheated BayernLB out of their fair value for F1? They got ~800M for 47% of F1 in 2012. LOL! 47% of F1 today is worth 5.6B US. Contrast that with revenue growth over the same time. F1 revenue in 2006 was 1B US. In 2015 let's say it will be around 2B. So revenue doubled, but valuation increased by a factor of 6? Makes no sense. Either F1 is overvalued now, or it was dramatically undervalued when Germany sent Gribkowsky away for over 8 years for accepting a bribe from Bernie.

    Ecclestone Indictment Calls F1 "Bribe" Into Question

    But isn't that the "crisis"? So you use to be in a situation where there were a lot of teams trying to qualify and get into F1. Now you have teams going out of business because no one is interested in investing. That's the risk to me - if you lose a good chunk of the small teams, the grid is so small, that it's kind of a joke.

    I think the Haas deal is nothing short of critical to F1. If a serious guy like Haas and his team can't make F1 work for them, then almost no one stands a chance.
     
  22. 4rePhill

    4rePhill F1 Veteran

    Oct 18, 2009
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    Phill J
    TBH, I was originally going to put the word crisis in quotation marks as it was mentioned by others first and I was responding their post, but the fact is, F1 does have quite a few problems at the moment that could indicate that the sport is in a crisis. for example:

    1) The German GP was cancelled this year due to poor ticket sales.

    2) With a few exceptions, most of the GP's are no longer sell-outs, in fact, at quite a few races there are a lot of empty seats in the stands.

    3) The TV viewing figures in general are down of what they used to be.

    4) They're losing one of their engine suppliers (Renault), which in turn has put Red Bull at risk of disappearing from the series (highly unlikely IMO but if Ferrari change their minds about supplying engines to Red Bull then what else can Red Bull do but quit?).
     
  23. ginge82

    ginge82 Formula 3

    Jul 23, 2012
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    Art Corvelay
    It amazes me that what is deemed a 'crisis' for F1 would be a dream for those running and following WEC.
     
  24. tervuren

    tervuren Formula 3

    Apr 30, 2006
    2,469
    #49 tervuren, Sep 27, 2015
    Last edited: Sep 27, 2015
  25. ypsilon

    ypsilon F1 Rookie

    May 4, 2008
    2,636
    the Netherlands
    German GP was cancelled due to Bernie and new Nurburgring management not reaching an agreement:

    German Grand Prix officially cancelled from 2015 Formula 1 calendar - F1 news - AUTOSPORT.com
    F1: Boss of Hockenheim gives up on trying to save 2015 German GP - F1 news - AUTOSPORT.com

    Could be high ticket pricing ??

    Bernie again, squeezing every last penny out of organizers.

    Are they still ? or was that last season due to the new engines.

    Comming season team Haas will join F1; probably will attract a few Americans watching F1.

    Problem isn't Ferrari not wanting to supply; problem is Red Bull wants an A list engine; the same as Ferrari themselve use. They want to compete for the title again.

    According to H.Marko their having a meetin again next week with a supplier (Ferrari probably) to discuss this again.
    The Red Bull threat of leaving F1 can be seen in the same light; maybe even hoping Bernie steps in at some point to save the day and persuade Ferrari to deliver.

    If not and with VW not stepping in their having a real problem:
    Christian Horner: Red Bull-Volkswagen deal ?up in smoke? |
     

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