Joined Feb 2007
11K Posts | 2K+
Tennessee
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.
Joined Feb 2007
11K Posts | 2K+
Tennessee
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.
