The Business of Formula OneFormula 1 

EngieDiesel
he doesn't want to compete against the thing that he's spent the majority of his life building up.
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I'd imagine it is more a case that he can't than doesn't want to it. Bernie himself spent a lot of time and money making sure there couldn't be a direct rival series to F1, making tracks sign clauses in contracts, locking teams in, and so on.
 
Samus
I'd imagine it is more a case that he can't than doesn't want to it. Bernie himself spent a lot of time and money making sure there couldn't be a direct rival series to F1, making tracks sign clauses in contracts, locking teams in, and so on.
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That's what I figure too. Though in his own words Bernie said he didn't want to do anything to damage F1's reputation, which is likely his way of saving face and not having to say "I can't beat the monster I created".
 
The European Parliament may be launching an inquiry into Formula 1, investigating "anti-competitive practices" and in particular the prize money allocations that have been a hot button issue lately. There were rumblings earlier about revising the prize payout scale, but if this goes through it may force the issue sooner than Liberty wanted to address it.
 
EngieDiesel
The European Parliament may be launching an inquiry into Formula 1, investigating "anti-competitive practices" and in particular the prize money allocations that have been a hot button issue lately. There were rumblings earlier about revising the prize payout scale, but if this goes through it may force the issue sooner than Liberty wanted to address it.
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With Liberty coming in and Bernie on the way out, then this is the perfect moment for a review. Almost too perfect perhaps. It remains to be seen how the larger teams will react to this, especially Ferrari who look like they may lose their additional deal as well at some point.

Personally I'm all for it as this has been an imbalanced system for at least 30 years and we need the smaller teams to race and not just make up the numbers. But we also need the investment of technology from the manufacturers (who at least feel they are taking something back from this in the form of increased sales of their own products) and prize money is a good hook.
 
What year did Red Bull and Mercedes-Benz join this club?
What year did Williams fall out of this club?

Success seems to be a prerequisite to be in the golden handshake club. McLaren must have been given a stay of execution.
 
Liquid
What year did Red Bull and Mercedes-Benz join this club?
What year did Williams fall out of this club?

Success seems to be a prerequisite to be in the golden handshake club. McLaren must have been given a stay of execution.
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Only Bernie knows for sure. And probably the Formula 1 Group shareholders.
 
Telstar
Although I can't read it because it seems to be an Autosport Plus article, when will Bernie finally hang it up and just enjoy his retirement? You could think he's had enough now with his 86 years.
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When something has been the entirety of your life for about a half century or so, it's hard to say "okay, I guess I'll just go home and start a vegetable garden or something".
 
EngieDiesel
When something has been the entirety of your life for about a half century or so, it's hard to say "okay, I guess I'll just go home and start a vegetable garden or something".
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Maybe. But doesn't an ultra-stressful, day-and-night job in a billion dollar business become too exhausting at his age eventually? Apparently not, Bernie seems to be a really hardy guy.
 
prisonermonkeys
Teams are already thinking up new ways to engage with fans - Williams are offering two fans to sleep over in their garage at the British Grand Prix:

http://www.speedcafe.com/2017/05/13/williams-launch-sleepover-competition-silverstone/

Meanwhile, Ross Brawn has touted the idea of NASCAR-style open-air scrutineering inspections.
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Proven reasonably popular at Le Mans although that's because it's Le Mans. I'd like to see how it works before I properly judge though.
 
prisonermonkeys
From the article:
Haas receives a total of $19million in 2017, the lowest of any team, as it does not qualify for a $36m 'Column 1' payment for finishing inside the top 10 of the constructors' championship in two of the last three seasons.
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So just by the nature of being there for three years they will get $36m instead of $19m? This is they're second year so I guess 2019 they will be able to do a lot more?
 
I would imagine so. The system is intended to promote longevity and bring stability to the grid - to stop someone buying a team up, running a skeleton crew for a year, then collecting a payment and selling the team to make a profit.
 
Has that actually happened and they put rules to prevent it again or they just assume someone would fill the loop hole if they discovered it and don't want that option in the first place?
 
Down with Socialism, up with entitlements, Gene is a confused man it seems.:lol: Then again it might ruin his pseudo factory team status and force him to send money to Maranello instead of the nice deal he has now.;)
 
Liquid
Redirected.



Can you share more details on this?
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Chase Carey was a long time executive for News Corp. and was even in line to take over for Murdock at one point. From what I have found he is no longer an executive there, but still serves as a consultant.

Having said that, I don't see how that makes Liberty "Murdoch in all but name", unless I'm missing something.
 

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