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14 Mar 2012, 19:17 (Ref:3041083)
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Veteran
Join Date: Jul 2005
Posts: 1,981
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Grand Prix inflation - and who benefits most?
Apparently Australia paid £750,000 to host the Grand Prix in 1997 and in 2012 it is costing them £26,000,000. That's inflation of 3,466%. (or 26.7% per annum compound)
Who benefits most from this? http://www.dailymail.co.uk/tvshowbiz...lifestyle.html Last edited by phoenix; 14 Mar 2012 at 19:25. |
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14 Mar 2012, 19:32 (Ref:3041090)
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Admin
Veteran
Join Date: Mar 2002
Posts: 12,028
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Tedious.
Kelvin Thompson should come back when he has some actual comment to make and not to just take a cheap shot at an easy target. The price of hosting a GP is what the market will pay, it's supply and demand. There's a finite supply of races, all of which generate global TV coverage for a country/city and there's currently more countries want them than can have them, so the price goes up. Got to figure that if they WEREN'T value for money then nobody would be forming a queue to have one. |
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14 Mar 2012, 19:33 (Ref:3041091)
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14th
1% Club
Join Date: Jul 2001
Posts: 42,600
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Small point, but it is 26.7% inflation per year.
IMHO, £750k seems cheap even in 1997, £26m too much. The commercial rights holder to F1 and the teams benefit from the increase. Of course the race organisers must still be getting something. Edit: MagnetOn's comment made me click the link. I hadn't before. Wow that is cutting edge journalism, amazing. It must be difficult to write for the Daily Mail. |
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__________________
Seriously not taking motorsport too seriously.
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14 Mar 2012, 19:35 (Ref:3041092)
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Admin
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Join Date: Mar 2002
Posts: 12,028
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Quote:
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14 Mar 2012, 19:44 (Ref:3041097)
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#5 | ||
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Veteran
Join Date: Jun 2004
Posts: 1,527
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Daily Mail speaking out against free market capitlism - well that's a new one.
This being the same paper that ran the infamous 'hurrah for the blackshirts' front page in the '30s (hint - their political leaning hasn't moved much since then) |
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__________________
There's an old F1 adage, 'If you want to finish first, first you have to be a duplicitous little moaning git'
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14 Mar 2012, 20:21 (Ref:3041115)
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#6 | |
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Veteran
Join Date: Jun 2011
Posts: 3,549
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At 26 million for Bernie that's about £260 per punter before any track running costs are included (assuming a crowd of 100,000).
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14 Mar 2012, 22:40 (Ref:3041193)
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#7 | |
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Veteran
Join Date: Jun 2009
Posts: 8,088
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Certainly not the nurses and teachers of Victoria; the Australian State that Melbourne is the Capital of; who have been spectacularly dudded on the Victorian governments election promises to increase their pay!
27000 manufacturing jobs lost in the State in the last 6 months! No better use for the funds?! |
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14 Mar 2012, 22:50 (Ref:3041195)
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#8 | ||
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Veteran
Join Date: Jun 2009
Posts: 8,088
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Quote:
About £419.35 per punter!! Last edited by wnut; 14 Mar 2012 at 22:59. |
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15 Mar 2012, 08:38 (Ref:3041338)
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#9 | ||
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Veteran
Join Date: Jul 2009
Posts: 673
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It's often referred to hereabouts as the Daily Fail for a reason.
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__________________
Paul Norris
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16 Mar 2012, 00:18 (Ref:3041924)
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#10 | ||
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Veteran
Join Date: Sep 2000
Posts: 11,402
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Not us, so can we now close the thread...
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