216 replies to this topic

[LuckyStrike1]

If Monza goes I will not watch the Italian GP! 

[KWSN - DSM]

I will still watch F1, one would think however if F1 did not have a German and Italian Grand Prix that the teams would make some sort of noise?

 

There is a 'Strategy Group' consisting of the anointed teams and a token minnow. The anointed all report to board rooms of Multinational conglomerates, it would make sense that their strategy would be for the sport they are spending billions on are also brought live to the masses in the countries they themselves originate.

 

Nothing can be taken for granted, I have been wrong many times with the shenanigans in F1, if Monza lose the race I will be very very surprised.

 

[andrewf1]

This is a bunch of bullshit, pardon my opinion.

 

Bernie's job is to provide the sport with money.  No one provides more of it to the teams.  Charging outrageous sums to foreign governments is one of the biggest sources of revenue for FOM, and thus the top10 teams.

 

Poor old altruistic Bernie. Bernie doesn't give a flying f*** about the welfare of the teams.

 

His job is to provide CVC with money, not the sport.

 

Charging outrageous sums to governments is a great way to lose races, tv contracts, fans and thus overall revenue, it's a very sustainable plan.

Edited by andrewf1, 23 May 2015 - 09:50.

[Kristian]

http://thejudge13.co...f-formula-one/?

 

If we lose Monza to that boring, vacuous, polluted, identikit, grey, Tilkdrome Buddh, I am seriously done with this sport. 

[FullThrottleF1]

I think i'll join you buddy.

[KnucklesAgain]

Ecclestone says Monza could be dropped after 2016 due to a poor commercial agreement with the current contract.

 

Autosport article: http://www.autosport...t.php/id/114743

 

**** off

[Wingcommander]

 

Charging outrageous sums to governments is a great way to lose races, tv contracts, fans and thus overall revenue, it's a very sustainable plan.

 

Bernie and CVC won't be around F1 for very long. They'll just milk it dry while they still can and leave it to the others to clean up the mess they've left behind.

[Clatter]

Bernie and CVC won't be around F1 for very long. They'll just milk it dry while they still can and leave it to the others to clean up the mess they've left behind.

Many have been saying that for over 10 years now, but they are still there. 

[KWSN - DSM]

Many have been saying that for over 10 years now, but they are still there. 

 

Bernie will not let you claw it from his cold dead hands, CVC fvcked themselves buried in debt and even with their huge take from the sport, only just keeping up on payments on the loan they took out to buy their shares, IPO on any stock exchange seems less and less likely they have a stake in an enterprise covering itself in layer upon layer of ineptitude, I think they are sticking to fleece what they can before selling the shredded carcass cheaply, claiming a loss and deduct that on the bottom line.

 

[Amphicar]

Bernie will not let you claw it from his cold dead hands, CVC fvcked themselves buried in debt and even with their huge take from the sport, only just keeping up on payments on the loan they took out to buy their shares, IPO on any stock exchange seems less and less likely they have a stake in an enterprise covering itself in layer upon layer of ineptitude, I think they are sticking to fleece what they can before selling the shredded carcass cheaply, claiming a loss and deduct that on the bottom line.

 

Not according to Forbes:

 

"Private equity firm CVC Capital has made $8.2 billion from its investment in Formula One auto racing, according to new research.

CVC took a gamble when it bought F1 for $2 billion in 2006 in a leveraged buyout financed with two loans. The Royal Bank of Scotland (RBS) provided $1.1 billion whilst a further $965.6 million came from CVC’s $7.3 billion investment Fund IV. It came to 13.3% of the total amount available in Fund IV and was particularly risky since F1’s teams were threatening to start a new series due to a pay dispute.

The teams were pacified through a series of smart decisions made by F1’s chief executive Bernie Ecclestone. It led to F1’s revenues accelerating 31.7% to $1.6 billion over the past five years with net profits standing at around $378 million.

F1 is now understood to be valued at around $12 billion and CVC has got $8.2 billion of cash out and remaining value. It gives the private equity firm a return of 751.3% which is one of the highest it has made since it was founded in 1981 as the venture capital division of financial services firm Citigroup. Over the past 33 years CVC has invested in more than 300 businesses and secured $50 billion from investors including the California Public Employees’ Retirement System (CalPERS) which is the largest pension fund in the United States.

CalPERS invested $350.1 million in CVC’s Fund IV and data from the pension fund shows that it has made a 180% return on its money. In itself this shows that F1 is performing far better than some of the other businesses which the fund has bought." 

[August]

http://thejudge13.co...f-formula-one/?

If we lose Monza to that boring, vacuous, polluted, identikit, grey, Tilkdrome Buddh, I am seriously done with this sport.

There will probably be also many others who will say to be done with F1 then, yet 95% them will still keep on watching F1, just complaining more.

For me, that'd just kill my interest in F1 which has already by now decreased.

As for the Buddh track, I don't really like it. The middle sector was pretty cool for a new track but otherwise quite dull. But I think it was a rare new race that it wasn't funded by a government but with private money, right? And I feel F1 might have some potential to gain new fans in India, surely more than in Bahrain.

[BullHead]

It really could be the final straw for me. Can't beleive Ferrari would allow it.  It's a another double points moment....  God will someone please replace the mad hatter

[PayasYouRace]

If we lose Italy I'd be massively upset, more so than France and Germany. But if we lost Monza and gained Mugello I wouldn't mind too much.

[Heisenberg]

F1 just won't be the same without some of the historic and great circuits such as Canada, Belgium, Brazil and of course Italy! France should come back imo and Germany too!

Edited by Heisenberg, 30 May 2015 - 08:07.

[KWSN - DSM]

Not according to Forbes:

 

"Private equity firm CVC Capital has made $8.2 billion from its investment in Formula One auto racing, according to new research.

CVC took a gamble when it bought F1 for $2 billion in 2006 in a leveraged buyout financed with two loans. The Royal Bank of Scotland (RBS) provided $1.1 billion whilst a further $965.6 million came from CVC’s $7.3 billion investment Fund IV. It came to 13.3% of the total amount available in Fund IV and was particularly risky since F1’s teams were threatening to start a new series due to a pay dispute.

The teams were pacified through a series of smart decisions made by F1’s chief executive Bernie Ecclestone. It led to F1’s revenues accelerating 31.7% to $1.6 billion over the past five years with net profits standing at around $378 million.

F1 is now understood to be valued at around $12 billion and CVC has got $8.2 billion of cash out and remaining value. It gives the private equity firm a return of 751.3% which is one of the highest it has made since it was founded in 1981 as the venture capital division of financial services firm Citigroup. Over the past 33 years CVC has invested in more than 300 businesses and secured $50 billion from investors including the California Public Employees’ Retirement System (CalPERS) which is the largest pension fund in the United States.

CalPERS invested $350.1 million in CVC’s Fund IV and data from the pension fund shows that it has made a 180% return on its money. In itself this shows that F1 is performing far better than some of the other businesses which the fund has bought." 

 

We should trust Forbes over me, I stand corrected.

 

[Kristian]

There will probably be also many others who will say to be done with F1 then, yet 95% them will still keep on watching F1, just complaining more.
 

 

Of course I'd not stop watching F1 - its too ingrained in my life for that. But certainly I'll be putting my money elsewhere - I accidentally watched the BBC highlights package for the first time after my Sky box cocked up the recording as I was away for the weekend, and it actually opened my eyes - I felt like I'd seen the whole race without some of the boring bits, and it saved a me a helluva lot of time. So that's a potential £80 a month saved. 

 

Then I'm considering stopping my Autosport subscription (which I've had since 1998), though that's partly both due to a decline in quality of F1 and the mag itself. Another £12 a month saved. I have F1 Racing on the books though, though I probably won't get rid of that. 

 

Finally, and most importantly, I'm rapidly losing races I want to go to - I've got no desire to go to a soulless Tilkedrome where I'm sat 100m from the track and need binos to see the cars; the best experiences of my life have been at places like Monza, Melbourne, Montreal, Nurburgring, etc. and losing the classic circuits will mean I'll spend my hard earned holiday money elsewhere. 

 

So when I say "I'll be done with F1" - yes I'll still follow it, but I wont be spending a penny on it. I ask myself "Is it worth spending over £100 a month, and maybe £1000 on a trip a year, to follow a sport that doesn't really thrill me anymore?" I honestly never thought it would come to even thinking along these lines, but I'm just getting ever so disillusioned right now.  

Edited by Kristian, 30 May 2015 - 11:33.

[Stugg93]

Of course I'd not stop watching F1 - its too ingrained in my life for that. But certainly I'll be putting my money elsewhere - I accidentally watched the BBC highlights package for the first time after my Sky box cocked up the recording as I was away for the weekend, and it actually opened my eyes - I felt like I'd seen the whole race without some of the boring bits, and it saved a me a helluva lot of time. So that's a potential £80 a month saved. 

 

Then I'm considering stopping my Autosport subscription (which I've had since 1998), though that's partly both due to a decline in quality of F1 and the mag itself. Another £12 a month saved. I have F1 Racing on the books though, though I probably won't get rid of that. 

 

Finally, and most importantly, I'm rapidly losing races I want to go to - I've got no desire to go to a soulless Tilkedrome where I'm sat 100m from the track and need binos to see the cars; the best experiences of my life have been at places like Monza, Melbourne, Montreal, Nurburgring, etc. and losing the classic circuits will mean I'll spend my hard earned holiday money elsewhere. 

 

So when I say "I'll be done with F1" - yes I'll still follow it, but I wont be spending a penny on it. I ask myself "Is it worth spending over £100 a month, and maybe £1000 on a trip a year, to follow a sport that doesn't really thrill me anymore?" I honestly never thought it would come to even thinking along these lines, but I'm just getting ever so disillusioned right now.  

 

Why doesn't the GPDA just read a few comments like this? It will save them a lot of time with the survey.