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CratSock posted:Based on the 2016 number posted, Liberty would basically have to double revenue from $965M to $1.92B, that is IF we are trying to split the revenue evenly among the teams, and match Ferrari's current amount of $192M. Realistically, there are a lot of problems with that idea. It would take probably a decade or more to achieve that growth I'd guess, which would mean Ferrari's $192M by then would actually be worth a lot less. It's in Ferrari's interest not only to retain their special money, but to retain a huge advantage over what the other teams receive to stay ahead of them on track. Their financial advantage is also a shortcut competitive advantage that's probably just as important. Imagine watching the pretty red cars trundling around behind Force Indias, Saubers, and Renaults on a regular basis. The tears would be epic. Christ, it's just so much nonsense. For one, you don't necessarily have to double revenue to double the payout to the teams; you can make a huge impact just by skimming less off the top. This would be a particularly effective scheme for Liberty, since it would mean placating the teams in the short-term while giving themselves the bulk of the benefits from long-term growth*. And two, it doesn't take 10 years to achieve this goal. This isn't a regular business and I have no idea why you think it is. There's not steady, annual growth. You get growth in huge chunks whenever you renegotiate TV deals. The Premier League went from 5.5b to 8.3b practically overnight. I can't say the word "baffling" enough. We talk for years about how Bernie is driving the sport into the ground - and he clearly was - but then sing his praises once he's gone and act like he's totally maxed out the amount of money F1 can generate. Guys, for gently caress's sake, he didn't have one single person signing sponsorship deals at FOM. It was entirely him! There's hundreds of millions of dollars to be made there alone. *Please try to remind yourselves that Liberty is a large public company whose sole goal is to increase their stock value. For them, F1 is an asset that can encourage that growth. Its value is not simply the X amount of profit it provides them. wicka fucked around with this message at 20:33 on Mar 20, 2017 |
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Mar 20, 2017 20:30
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Tsaedje would certainly carve the turkey if this thread celebrated Thanksgiving.
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Mar 20, 2017 21:51
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Tsaedje posted:I've never tried to monopolise making the thread, just ended up being the person with time to do it. I'm pretty busy this time round so I'm more than happy for someone else do do it for a change! Well there's only two adults in the thread so one of you should probably do it.
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Mar 20, 2017 23:20
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