50% of his posts are troll remarks, and the remaining 50% are childish remarks. Put him on ignore like the rest of the forum and move on.
I think it is safe to say a billion or two, but I am sure it is well-sheltered. 'The promoters money' = usually government-backed dollars. Races in small countries exist ONLY because their governments pay for them. When the price went up for Detroit, they said 'have a nice day' and switched to CART cars in 1989. Bernie did a lot for the sport for safety issues, medical issues, and yes, making tracks safer, as well as cars, but that has also taken a little bit away from it. You all talk about how sponsors and such have pumped all the money into it, made it super-expensive to compete at the top level, but you have not asked WHY. TELEVISION - that's why. Drop it off international television - and you will see the money pumped into it dropped by about 80-90%. As far as Ferrari bailing on F1, how many of us know about Ferrari because we grew up with it? It was always a dream car for all of us (60 or older, anyway). If Ferrari bails, it will take about 25 years, but they will start to feel it. Lamborghini, Maserati, Pagani, McLaren - all the high-end road cars exist because of Ferrari, but none of them have the mystique of a Ferrari, so if Ferrari quits, it will be to their demise. As an aside, for those of you over about 50, when you think of drivers, in any motorsport, who do you think of? You guys between 30 and 50, who do you think of? For the kids today between 15 and 25, who will they think of in 30-40 years? That's my point - us old geezers thing of Garlits, Snake, Mongoose, Petty, Yarbrough, Earnhardt, Allison, Fittipaldi, Hunt, Lauda, Stewart, Senna, Prost, Mansell, AJ Foyt, Mario Andretti, Mears, the Unsers, and who do we have today, and the last 10 years? Jimmy Johnson, Vettel, Hamilton, Schumacher maybe, John Force. The point is there are very few drivers people are growing up with, and that will hurt the sport and the marques in 20-30 years.
Ever wondered what it looks like to LOSE $1.7 BILLION? Here's the answer. The #F1 share $FWONK today hit the lowest price of the past year wiping out all of the gains it has made since May. The sport has LOST nearly a quarter of its value (23.6%) in the past 5 months alone. Image Unavailable, Please Login
Considering how much they're probably sinking into the sport to improve areas like the digital platform, it's not that surprising.
So #F1 is refunding 2 weeks of payments to F1 TV subscribers. $FWON will incur a huge cost from this which is the last thing it needs as the stock has CRASHED by 15% in the past 6 months & LOST $1 BILLION of value. Image Unavailable, Please Login
Red Bull Racing's parent company made an £8.4 million net profit in 2016 when last year's #F1 car was designed. Red Bull itself ended up in the red on it and that's exactly the way it should be as we report here Image Unavailable, Please Login
Sebastian Vettel made it into the Forbes List Top 20 for highest paid athletes. Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
