What has happened to Formula One?
The history of F1 started back in the 1950s. In the late '70s, Bernie Ecclestone got the commercial rights and started a massive promotion campaign, successfully making Formula One what it is today.
Max Mosley and Bernie joined forces when Max was president of FOCA (Formula One Constructors Association). They ran a sort of dictatorship and threatened to boycott Grandprix because of a dispute over television revenues and technical regulations. Talks of starting a rival series also emerged.
Sounds like a déjà vu, right?
Max Mosley fought his way to the top of the FIA and became there president in 1983.
After the horrible race at Imola where two drivers died, the most known Ayrton Senna and a almost unknown Roland Ratzenberger Max did not go to Senna's funeral because his ties to Roland's team Simtek.
You might have heard this name recently, yes SimTec is on the way back in Formula 1. and it looks like Max will do what he can to get his friend Nick Wirth back again.
Bernie sold most of his rights on Nov. 25, 2005, to CVC. A partnership that did not help the sport. The late financial crises did not help, ether.
Bernie is doing everything he can to get more money to CVC. But he is a business man and I believe he would do other business if it would make him more money, but F1 is a great business for him and CVC. He and CVC is getting 50 percent of all revenue the sport is making, The teams then get a slice of that each year.
Bernie has said that now with the lower budget cap the teams do not need that much money anymore and that he would take a bigger share.
So what will happen with Formula One? We all know that most of the big teams are talking about leaving the circus and rightly so.
The sport has been run by two dictators, where one of them actually has ties to a real one that had an idea to run the whole world, they have become greedy and the sport has been thrown out in one scandal after the other.
If you talk to people about F1, the talk is no longer about the racing but it all about the political game. The future looks to bring even more of this.
I can only encourage the teams to leave. When the teams is no longer able to get there input on the sport, what are they then just puppets for two power tripping men.
Regarding the big Cut in F1, I found this, albeit on Wikipedia:
In March 2007, F1 Racing published its annual estimates of spending by Formula One teams. The total spending of all eleven teams in 2006 was estimated at $2.9 billion. This was broken down as follows; Toyota $418.5 million, Ferrari $406.5 m, McLaren $402 m, Honda $380.5 m, BMW Sauber $355 m, Renault $324 m, Red Bull $252 m, Williams $195.5 m, Midland F1/Spyker-MF1 $120 m, Toro Rosso $75 m, and Super Aguri $57 million.
I think it does show that the teams can compete and still do a amazing show for the fans even with a big gap on the budget.
Fota has lately said they would cut in there budgets but still Max wants the budget to be so low that he can get more teams in, and yes it's a great idea, but under these circumstances, he will lose all the big teams.
The latest news is that Ferrari tried to save the sport, but with no luck in the french court.
What will the future bring?
F1 will be with a lot of small teams, with the same engine, same gear box, same chassis.
I'm stunned cause it sound just like A1GP, and GP2 and they are not doing well.
My hopes are still strong, strong that the big teams will finally make a break and start there own FOTA Series.