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Old 6 Feb 2014, 21:46 (Ref:3365012)   #76
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Originally Posted by wolfhound View Post
Even though I am not a fan of Pitpass I like this article by Mike Lawrence. Its where he compares F1 teams to football teams and how soccer players are paid compared to F1 drivers.

http://www.pitpass.com/50876/The-Elastoplast-Technique

Thanks Wolfhound, well written piece.

This is the bit that gets me

"There are other factors, one of which is that CVC Capital Partners takes an enormous slice of revenue to the benefit of its investors. In 2012, that slice was 550 million pounds. That was money taken from the sport without a penny being returned.
That equates to fifty million pounds per team, which is almost the total budget for some teams. The rights to Formula One were sold by the FIA for about half what CVC makes per annum.
This is not a criticism of CVC, which exists to do the best it can for its investors, it is a criticism of the fabric of Formula One which allowed it to happen."
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Old 20 Feb 2014, 03:42 (Ref:3370259)   #77
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Another piece in the puzzle.

Quite who would be worse for F1 than CVC that F1 has to be protected from you have to wonder!

http://www.pitpass.com/50913/How-CVC...of-Formula-One
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Old 20 Feb 2014, 10:37 (Ref:3370326)   #78
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Bernie has won his High Court case.
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Old 20 Feb 2014, 10:50 (Ref:3370331)   #79
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Bernie has won his High Court case.
How stupid and shortchanged must Gribkowski be feeling!
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Old 11 Mar 2014, 02:25 (Ref:3377284)   #80
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http://www.pitpass.com/51009/Reveale...om-Formula-One

Christian Sylt believes Motorsport have got it wrong and Uncle Bernie isn't raping F1.

His distinction between profit share and dividend in this context however is moot and irrelevant imo.

Just because a share of the profit taken out of F1 is not paid out as a dividend, does not mean it has not left the sport.

An interesting article nevertheless.
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Old 11 Mar 2014, 08:10 (Ref:3377339)   #81
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http://www.pitpass.com/51009/Reveale...om-Formula-One

Christian Sylt believes Motorsport have got it wrong and Uncle Bernie isn't raping F1.

His distinction between profit share and dividend in this context however is moot and irrelevant imo.

Just because a share of the profit taken out of F1 is not paid out as a dividend, does not mean it has not left the sport.

An interesting article nevertheless.
I knew there were flaws in the Motorsport article when I read it but by the same token the writer of the Pitpass articles is not giving us all the detail, only what supports his argument, so nothing is as simple as it looks.
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Old 11 Mar 2014, 08:50 (Ref:3377350)   #82
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I think Joe Saward might have been reading the same story.

http://joesaward.wordpress.com/2014/03/10/poor-cvc/

I find it strange that CVC are trying to play down the profits they make, I wonder what they are trying to divert peoples attention from?
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Old 11 Mar 2014, 10:29 (Ref:3377373)   #83
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I think Joe Saward might have been reading the same story.

http://joesaward.wordpress.com/2014/03/10/poor-cvc/

I find it strange that CVC are trying to play down the profits they make, I wonder what they are trying to divert peoples attention from?
I wonder what Ferrari's percentage of the total revenue would look like if you multiplied their take by 10 or 11 to represent the funds due to all the teams if the distribution was made on a fair and equitable basis, bet you it would be way above 44% of the revenue.

I would guess this would explain why all the teams cannot get together to increase their total take beyond 44% of the revenue.
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Old 11 Mar 2014, 20:58 (Ref:3377542)   #84
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I wonder what Ferrari's percentage of the total revenue would look like if you multiplied their take by 10 or 11 to represent the funds due to all the teams if the distribution was made on a fair and equitable basis, bet you it would be way above 44% of the revenue.

I would guess this would explain why all the teams cannot get together to increase their total take beyond 44% of the revenue.
I also suspect the team that was the first to break away from FOTA as their team principal is a very good mate of an eighty something year old who runs F1.
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Old 2 Apr 2014, 00:44 (Ref:3387629)   #85
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http://www.pitpass.com/51227/Caterha...les-F1-profits
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Old 2 Apr 2014, 01:34 (Ref:3387640)   #86
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Is this an April fool's day story?

Edit. Haha. Never mind. Saw another article about it posted a day ago.

Last edited by chillibowl; 2 Apr 2014 at 01:51.
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Old 2 Apr 2014, 10:10 (Ref:3387758)   #87
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Doubt this can be ascribed to April 1 foolishness

Williams having Financial problems - Todt

http://www.grandprix.com/ns/ns27656.html
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Old 2 Apr 2014, 10:13 (Ref:3387761)   #88
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Doubt this can be ascribed to April 1 foolishness

Williams having Financial problems - Todt

http://www.grandprix.com/ns/ns27656.html
Indeed it can't. The article is from March 30. The problems of Sauber, Lotus, Caterham and Marussia are known, but so far I thought Williams were relatively safe compared to the other midfield teams.
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Old 2 Apr 2014, 12:46 (Ref:3387812)   #89
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It is concerning to me, to see 5 teams in such trouble. I recall Bernie in the past being far to dismissive of the situation.

Saying F1 could have 15- 18 cars from 5 or 6 teams (3 car teams) and survive, but for me that would be another nail in F1's coffin.

I hope something can happen to help F1.
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Old 3 Apr 2014, 00:21 (Ref:3388087)   #90
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It is concerning to me, to see 5 teams in such trouble. I recall Bernie in the past being far to dismissive of the situation.

Saying F1 could have 15- 18 cars from 5 or 6 teams (3 car teams) and survive, but for me that would be another nail in F1's coffin.

I hope something can happen to help F1.
And RBR thinking of pulling its sponsorship; allegedly; 2 teams!

Move along, nothing to see here ....
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