MotoGP Forum  

Go Back   MotoGP Forum > Motorsports Forum > Motorsports

Motorsports Motorsports Racing Forum - For everything else motorsports


Reply
 
LinkBack Thread Tools Display Modes
March 5th, 2012, 12:03 PM   #1
Senior Member
 
povol's Avatar
 
Joined: Feb 2007
From: Tennessee

Posts: 10,009
Likes: 1282

http://www.statesman.com/sports/form...s-2215199.html
povol is offline  
 
March 5th, 2012, 06:36 PM   #2
Senior Member
 
Joined: Mar 2007
From: Texas

Posts: 6,833
Likes: 76

Quote:
Originally Posted by povol View Post


It has been a stupid project since the beginning. Hellmund landed a contract with F1. The terms sucked, the METF used bunk numbers (from the Superbowl) to authorize funds b/c they wanted investors to build a track. On top of that, mindless liberals have been trolling around from the beginning b/c this is a "Republican" project, and they need some scandal to mess around with Texas politics.



The circuit breached contract with F1. Tavo got bought out, and the contract was renegotiated, but Texas is still on the hook for $25M per year over 10 years.



The best part: The Concorde Agreement expires at the end of this season so the promoters don't even know who will be showing up to race in the future. Not much different in MotoGP.
mylexicon is offline  
March 6th, 2012, 06:48 AM   #3
Senior Member
 
povol's Avatar
 
Joined: Feb 2007
From: Tennessee

Posts: 10,009
Likes: 1282

Quote:
Originally Posted by mylexicon View Post
It has been a stupid project since the beginning. Hellmund landed a contract with F1. The terms sucked, the METF used bunk numbers (from the Superbowl) to authorize funds b/c they wanted investors to build a track. On top of that, mindless liberals have been trolling around from the beginning b/c this is a "Republican" project, and they need some scandal to mess around with Texas politics.



The circuit breached contract with F1. Tavo got bought out, and the contract was renegotiated, but Texas is still on the hook for $25M per year over 10 years.



The best part: The Concorde Agreement expires at the end of this season so the promoters don't even know who will be showing up to race in the future. Not much different in MotoGP.
Im sure Bernie will offer enough " incentives" to the teams for a new agreement. Didnt it cost him about a half billion for their pledge last time.
povol is offline  
March 6th, 2012, 08:37 PM   #4
Senior Member
 
Joined: Mar 2007
From: Texas

Posts: 6,833
Likes: 76

Quote:
Originally Posted by povol View Post
Im sure Bernie will offer enough " incentives" to the teams for a new agreement. Didnt it cost him about a half billion for their pledge last time.


Something like that. The main problem is that Bernie doesn't own the commercial right anymore. He sold them to CVC (mainly), and that transaction forced CVC to sell MotoGP. It's all related.



CVC have their own ideas for how much money the sport should be making. They don't want to pay FOTA, and they are forcing Bernie to abandon Europe in search of oil principalities with money. FOTA tried to organize a forced buyout through some people connected to Ferrari. The takeover failed, and CVC have threatened to float the sport on an Asia stock exchange if FOTA don't behave. Bernie re-negotiated the commercial rights for 100 years, so it would be a disaster for everyones (fans, FOTA, FIA), if the commercial rights got dumped on a stock exchange.



Ugly doen't even begin to describe F1.
mylexicon is offline  
Reply

  MotoGP Forum > Motorsports Forum > Motorsports

Tags
problems, texas



Thread Tools
Display Modes



Facebook Twitter Google+ RSS Feed



Copyright © 2005-2017 Powerslide. All rights reserved.
MotoGP Forum is a MotoGP enthusiast's forum, but it is in no way affiliated with, nor does it represent MotoGP or Dorna Sports, S.L. of Madrid, Spain.