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  1. #1
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    Bernie is the biggest obsticle to F1

    It seems the one thing holding F1 back now is Bernie.

    With Ford leaving, and Minardi & Jordan on the way out w/o an engine, Bernie's only opinion is that Jag had it coming, and Ferrari, McLaren & Williams can run 3 cars ... WTF?!?!?!?

    so much for cost savings too if these teams have to run a 3rd car, but where's the sport if it's 3 teams every race?

    Here's a thought... less revenues to Bernie and more to the teams to make it profitable to run in F1. AND nix the $50 Million entry fee to encourage more teams to join. If he had his way, there'd be 6 ferraris, 6 Williams, 6 Mercedes and 2 Renaults every 2 weeks ... Wa-hoo...

    The loss of Ford is bigger than just another 2 cars, it's the ONE tie that the american market had to the sport. If there was an american driver in a blue-oval F1 car, there'd the more interest over here.... once people got used to the idea of cars turning rigth that is.

    just some monday venting.


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    Re: Bernie is the biggest obsticle to F1

    You do have to wonder at how the money gets dispersed. The attendance at these events usually tops 100k people doesn't it? At an average of $100 per ticket, that's quite a bit of change. So, ten million per event times 18 events, well that's only 180 million per year in tickets. Not really all that much when you get down to it. I know the track owners, and promoters get a slice, but does the Bernie/FIA get some of that take?
    I didn't know about the $50 million entry fee. That seems kinda silly to me. Is that per year?<html>
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  3. #3
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    Re: Bernie is the biggest obsticle to F1

    The average is well over 100k at each event. I know Canada this year was 307,000 ... I was one of them :) but that's just ticket sales, with sponsors that number is much higher. I read somewhere that Bernie's take is over 40%, not sure how accurate, but wouldn't be too surprised either.

    The $50M is just the enterance fee, one time charge, but a big hit upfront when you consider that's larger than some teams annual budgets.




  4. #4
    JimKim
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    it's all smoke and mirrors

    at the end of the day, 53% of all the money generated by formula 1's activities goes to slec and a trio of banks. how the money is distributed after that is basically unknown. slec, of course, holds the rights to formula 1, and bernie is the man in charge there, so it's pretty safe to say that a very large amount of formula 1's revenues ends up in bernie's pocket.

    the other 47% goes to the individual teams based on their season-ending constructor's standing. that's why the teams really fight to move up the ranks. the higher the ranking, the more money you get, which i think is backwards since it's the teams that end up lower on the grid that could use the extra cash to build a better car.

    but of course, the world of formula 1 financials is all very hush hush, just as bernie would like it to be. at the end of 2007, the current concorde agreement binding all the teams to these terms come to an end, and the rules will probably be rewritten at that time. if not, either a breakaway series will emerge (gpwc), or it'll be the official end of formula 1.

    the $50 million entrance fee is a one-time payment to be able to compete in formula 1. it was setup to keep those who have no business in formula 1 out of formula 1. these days though, the budget alone is enough of a filter. you need at least $200 million a year if you want to fight minardi's and jordan's, and close to $500 million and up if you want to win races.

    jaguar's 2004 budget is $180 million. ferrari's is $600 million. that's a lot of marlboro cigarettes.

    -james

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    Re: it's all smoke and mirrors

    I read somewhere in the past year that Bernie's London house (read mansion) sold for a record price! I live in NYC, but if you know London real estate prices, that's really something, even to a New Yorker.
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