UK Karting - Notice Board (Chat) : FIA will loose Ł1.3BN from F1

Notice Board (Chat)

FIA will loose Ł1.3BN from F1
Posted by 'Gillard77' on 19 Jun 2009 @ 09:55

| View Message Thread | Reply to this message |

Gillard77Joined: December 2003
Total Posts: 1
[ View User Profile ]

F1 stands to lose more than Ł1.3 billion a year – almost half its total annual revenue – from the Formula One Teams' Association's breakaway series, it has been calculated, with the investment and sponsorship benefits provided by the FOTA dissenters set to cost the top flight dear indeed.

The eight FOTA rebels – Ferrari, McLaren-Mercedes, BMW-Sauber, Renault, Toyota, Red Bull Racing, Scuderia Toro Rosso and current runaway world championship leaders Brawn GP – announced this morning that, following a breakdown in discussions with the FIA over Max Mosley's controversial budget cap proposal for 2010, they are to go ahead with their threat of establishing a breakaway from next season onwards.

According to industry monitor Formulamoney, that is set to cost F1 far more than just some of its most famous names and all of its manufacturers, with the 'FOTA eight' bringing an annual $2.2 billion to the sport in terms of sponsorship (Ł407 million), supplier deals (Ł33 million) and team owner contributions (Ł917 million) – equivalent to 47 per cent of all income in 2008, so a considerable chunk indeed.

Moreover, in the absence of the leading teams – and by extension, therefore, most likely its leading drivers too – there is the fear that fans will hold off from booking tickets to next year's grands prix. That could have the knock-on effect of making it difficult for race promoters to afford the hosting fees – currently worth an average of Ł14.5 million per event, whilst television revenue, corporate hospitality and trackside advertising could also take a significant hit. Formulamoney reports that Ł336 million is required for F1 to satisfy its annual costs and liabilities and remain solvent.

Karting will have to make up the shortfall !! National B licence now Ł32,800 per year.

With this much at stake will FIA really let Mad Max stay on ?

G77

Message Thread:

End of F1 this time ? by 'Gillard77' (19 Jun 2009 @ 4:50)

Re: End of F1 this time ? by 'raceinstructor' (19 Jun 2009 @ 8:01)

Re: End of F1 this time ? by 'Gillard77' (19 Jun 2009 @ 8:08)

Re: End of F1 this time ? by 'QuickOldTimer' (19 Jun 2009 @ 9:16)

Re:FIA F1 World championship,yeah right by 'Doink' (19 Jun 2009 @ 10:22)

Re: End of F1 this time ? by 'tsp' (19 Jun 2009 @ 9:24)

Re: End of F1 this time ? by 'Gillard77' (19 Jun 2009 @ 9:29)

Re: End of F1 this time ? by 'tsp' (19 Jun 2009 @ 9:44)

Re: End of F1 this time ? by 'DanTheK1RaceGearMan' (19 Jun 2009 @ 9:32)

FIA will loose Ł1.3BN from F1 by 'Gillard77' << You are here!

Re: FIA will loose Ł1.3BN from F1 by 'Tmoon' (19 Jun 2009 @ 11:53)

Re: FIA will loose Ł1.3BN from F1 by 'RevvedUp' (19 Jun 2009 @ 12:30)

God forbid some of these Teams had to compete on.. by 'SteveC' (19 Jun 2009 @ 13:16)

Re: God forbid some of these Teams had to compete by 'richpudd2003' (19 Jun 2009 @ 13:50)

Re: God forbid some of these Teams had to compete by 'Doink' (19 Jun 2009 @ 13:56)

Re: God forbid some of these Teams had to compete by 'Gillard77' (19 Jun 2009 @ 14:10)

Doink......quite frankly.... by 'Newshound' (19 Jun 2009 @ 15:03)

Re: Doink......quite frankly.... by 'tsp' (19 Jun 2009 @ 15:27)

Re: Newshound... by 'Doink' (19 Jun 2009 @ 15:52)

FIA starts legal proceedings against Ferrari by 'Gillard77' (19 Jun 2009 @ 15:54)

Re: FIA starts legal proceedings against Ferrari by 'chriskasch' (19 Jun 2009 @ 16:20)

I fully agree Chris nt by 'Newshound' (19 Jun 2009 @ 16:22)

Re: I fully agree Chris nt by 'KenE' (19 Jun 2009 @ 22:16)

Post a Reply:

You may post a direct reply to this message which will appear in this thread.
To post a new or unrelated message use This Form. Top of Page
Notice Board Index

[ UK Karting Main Index ]


News	Karts & Karting	Notice Board	Market Place	Companies Directory	Tracks Directory	Events Calendar	Race Results	Photo Gallery	Links