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Post by oglethorpe on Jan 28, 2009 14:38:59 GMT
I have F-1 news...watch it closely in 2009, for it will be the last ever F-1 campaign. Renault WILL be bankrupt, Toyota will have laid off 15,000 employees worldwide by year end providing instant justification for the abrupt end to it's F-1 program. BMW has put on hold, expansion plans for their USA manufacturing operation, and will lay off up to 2500 employees due to diminishing SUV sales. Mercedes Benz has also seen sales slumps of 35 to 40% these past three months. Those SUV"s that guzzle fuel, and burn holes in the sky, are to meet their demise, and for the very same reason, increasing global demand for an immediate end to such anarchy( racing cars anywhere for any reason )will happen soon, and happen forcefully and quickly. We are about to enter a new age. An age where excesses and bling, and 40,000,000.00 dollar athletes and their cantankerous behaviors will not be tolerated by the jobless masses. With no car companies left to make engines, no interest worldwide, because it will be so OUT OF STYLE for the rich and famous, so anti green. so anti people don't have jobs anarchy is coming, that it will meet a disastrous and very abrupt ending, before 2010 F-1 will be a bankrupt entity with no buyer, and no future... OGIE
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Post by gizzy on Jan 29, 2009 0:25:43 GMT
Ogie, times are very bad...and we keep on hearing terrible news on the economy. I know first hand, living in the Detroit area which is the hardest hit vicinity in North America for job losses, foreclosures, and business failures. It's really tough around here...but the people with the biggest cahones, experience, and knowledge seem to survive somehow.
We must keep a posative attitude and try to go through this mess. It will take a couple of years for the economy to get back on it's feet. Some people are better prepared to ride out this storm.
Racing will be cut back, teams will drop out, salaries will be reduced. I don't see an elimination of F1, but you know people will be watching every penny just like any business venture.
Over here, Ice Hockey (NHL) instituted a salary cap per team to reduce costs. I see that happening for other sports, other leauges, and F1 drivers as well. A limit on driver salary spending (they are still rich beyond compare) but something to rein in the excess.
F1 is not dead yet, but a shake up is due.
-mark
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Post by oglethorpe on Feb 4, 2009 21:53:21 GMT
Thats it...50 million euro budgets per team in 2010...IRL/Cart teams spend that much...if you want to call homoginized engines, gear boxes, and the likes F-1...fine...but it will NEVER be the same....toyota spent a reported 500 MILLION dollars LAST YEAR ALONE.....502 mill is a drop in the hat....yes the NHL works, because the small market teams could NEVER keep up with New York spending as much as 15 million for Jagr, when some teams entire payroll was 30 million. So the NHL, realizing without Canadian teams is useless. No interest in Canada, how can you sell the game in Nashville. F-1 will be similar. Pay drivers will be the norm, the 22 best drivers will NEVER line up together again. F-1 may not even sport the very best open wheel cars anymore, as I just read today, that Honda, wishes to continue in IRL/cart, with competition in engines. Honda spokesperson said and i quote " the IRL/Cart is better poised than any other current racing series in the world to survive as we don't have to make any real cutbacks""Many other series with too much credit extension may not survive"...I don't think they were referring to Nascar. ...OGIE
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Post by oglethorpe on Feb 5, 2009 20:13:40 GMT
LONDON, Feb 5 (Reuters) - Formula One is facing its biggest crisis in 40 years and must act quickly to cut costs further, International Automobile Federation (FIA) president Max Mosley said on Thursday.
"It's by far the biggest (crisis) since I've been involved in the late 1960s," he told reporters when asked how the situation compared to the oil crisis of the 1970s.
Japanese manufacturer Honda has already pulled out of the sport due to the global financial situation, with their team still to be sold, and Mosley said he was concerned that the situation could deteriorate further.
"For 2010 we want to see the (team) budgets come right down, to the point where the FOM money (television revenues and prize money) plus very modest sponsorship equals the cost of going racing," he said.
"The teams, as I understand it, agree with the principle but they don't want to do it that quickly. I think we are going to have to do it that quickly."
Mosley said the sport, with teams like Honda spending an estimated $300 million last year, had become unsustainable some time ago.
"There has been a Formula One bubble which rivals any credit bubble or housing bubble or IT bubble and there seems a reluctance to recognise that," he said. ...just more proof that the future F-1 will look more like IRL/CART...than the reverse...OGIE
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Post by apedant on Feb 7, 2009 18:04:02 GMT
Motor racing started in the 1920s, and after the dark days of the 30s and 40s it emerged, albeit radically different, still intact. I dare say there were those in the early days after the Wall Street crash who said that such frivolous activities as professional sport could never survive. Truth is pro or semi-sport has been with us since classical times, it seems to meet some societal need. Pro sports, F1 included will need to change and adapt, but they will come through the crisis and into the great unknown of the future.
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Post by Alonso_Ferrari on Feb 8, 2009 13:42:59 GMT
Things will get better! and we still have privateer Teams  |
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