F1 earns revenue of $1.5 billion a year. But this massive amount of money is distributed disproportionatedly to small teams, who earnestly needs more funding than the giants. More than half is taken by CVC, the owner of this motorsport, and few big teams are given 3 to 8 times more than the smallest two teams. The gap between the rich and the poor is getting bigger and bigger.
Covering up the situation, are you consent with the cost cap remedy? If you are, what could be other ways to rescue small teams? If not, why are you against it?
< References >
http://www.tsmplug.com/f1/formula-1-prize-money/
http://www.bbc.com/sport/0/formula1/29789233
http://abcnews.go.com/Sports/wireStory/financial-troubles-dogging-f1-american-race-26611828
I really think that all team should resive the same amount of money. The FIA is not doing this right, because for the fans of F1 it is more fun to be as equal as posible in the races and qualifications. Now-a-days every seson after the first 3 races you already can predict more or less how is it going to end. And that is becoming more boring.
ReplyDeleteYes, that is definitely going to upgrade the excitement of the sport!
DeleteHowever, how do you think the influential teams are going to react to this propose, who were even against the expense limitation?
After thinking about it, even-though it is hard for a team like Marussia or Caterham to try to be as good as the top teams. In my opinion it is part of the F1 culture, once again is it all about the money. But as a said earlier in other comment, it would nice of there is an amount of money that the teams cannot go over. It would make the F1 more exciting, but I do not think it will happens in that sport....
ReplyDeleteI can't deny that this is the nature of F1, but don't you think that the sport needs to evolve changing the financial rules for long term perspective? This cost cap example might boost the excitement coming from uncertainty of race results. New fans will be attracted and the existing fans are going to be refreshed from the predictable games.
DeleteF1 is definitely not a fair competition we always see the same teams getting the first spots with the same drivers
ReplyDeleteThanks for your comment! So do you think F1 has to stick to their original characteristic or should introduce financial regulations for small teams?
DeleteYou say that the Formula 1 earns revenue of 15m per year, that seems a bit low no ? I think it is fair, to a certain extent, that teams like Ferrari get a bigger piece of the pie. Scuderia Ferrari have been competing in motor sports since 1929 and have defined the industry during that time and should reap the benefits of that kind of dedication. On the other hand there needs to be a system where emerging teams have a chance to compete as well but that is a part of a bigger discussion
ReplyDeleteYes you are right! The revenue was $1.5 billion, not $15 million.
DeleteThank you for your correction!
The thing is, the rules are applied fairly to rich teams, as
Ferrari gained $17.5 million for contribution of the sport last year.
But for new teams, there is no system available to bridge the gap between the rich and humble teams, although capitalists drive the identity of this sport. And cost cap is rising for balance remedy for small teams.