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Old 11 May 2017, 17:27 (Ref:3732856)   #42
chillibowl
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to be honest, and this is just a theory of mine with no supporting evidence, but how much of the venue's losses are actual operating losses or losses created once the local promoters and/or their management companies have taken out their fees, salaries, bonuses etc?

regardless of that though, i see you point, if CC wants the venues to do more, then he needs to willing to incentivize that behaviour and the most obvious method for that is a reduction in sanctioning fees.

so then the question becomes how would the venue make use of that extra money?

if its to promote F1 and/or subsidize their other events then im fine with that as the overall promotion of motorsports is a good thing (and one way we can beat the NIMBY's back).

but if its just for more profit and more money to distribute among themselves then i go back to having a problem.

cynically though i feel like it would be the latter...too many years under the reign of BE and far too many greedy people feeding from the trough. not that i think any of them are bad people per say, just being greedy became the way to survive and succeed at this game.

F1 needs a culture change so for the time being im willing to support CC. some of the things he has done strike me as business as usual but similarly i do believe he is sincere in creating a better partnership with the stakeholders.
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