F1 Austin... Best news this week

[green hell]

Originally Posted by Thraan

99% of the money is spent in the greater Montreal area. Everyone involved in the Canadian GP wins.

it is highly unlikely that 99% of the money is spent in the greater montreal area, unless that happens to encompass the two hour radius previously mentioned. lodging and meals are always pretty spendy around the time of big events, so people stay as far away as they can tolerate.

if the city government puts forth, say $25 million towards an event, and the total event takes $100 million (and that number sounds a bit high to me as well), and the local sales tax is (let's say a liberal) 10%, then the city just spent $25 million to make $10 million.



if the austin facility costs $300 million (low end estimate, i'd bet), and the sanctioning fees are $30 million a year for a ten year deal, that's $600 million right off the bat. and i'd wager the fees will go up.

and there's a lot more money than that necessary to support such an event.

look, if bernie doesn't fuck austin on this deal it will be great. but f1 makes money for a very limited number of people. bernie has a lot of debt to pay down, and i've no doubt that if austin doesn't play ball he'll stick it in them and twist it, and they'll be stuck with a very expensive scca course.

[Dilligaf0220]

Originally Posted by green hell

usgp ticket prices were some of the lowest in the world, however, and i don't believe there was a corporate sponsor.

Well that was because they could stuff more paying seats than any other track in the world. Indy isn't exactly like any other track in the US (possibly the world?). Comparing Indy to Austin is like comparing the Yankees to the Texas Rangers, Yankee Stadium is a completely different league in all financial aspects than Enron Ameriquest Rangers Ballpark.

So far the US GP has moved from New Jersey, to New York, and now Texas. All before June.

It's Uncle Bernie yanking as many chains to fill his pockets as much as he can.

We shall see.

[rajflyboy]

Originally Posted by Dilligaf0220

Well that was because they could stuff more paying seats than any other track in the world. Indy isn't exactly like any other track in the US (possibly the world?). Comparing Indy to Austin is like comparing the Yankees to the Texas Rangers, Yankee Stadium is a completely different league in all financial aspects than Enron Ameriquest Rangers Ballpark.

So far the US GP has moved from New Jersey, to New York, and now Texas. All before June.

It's Uncle Bernie yanking as many chains to fill his pockets as much as he can.

We shall see.

It will end up in Laguna!! Thats my prediction

[wannaklr]

Originally Posted by Thraan

99% of the money is spent in the greater Montreal area. Everyone involved in the Canadian GP wins.

If everyone wins why was the Canadian GP taken off the schedule?

[HarveyMushman]

Originally Posted by rajflyboy

It will end up in Laguna!! Thats my prediction

[Ken]

I will be at the first race

[Ken]

Originally Posted by wannaklr

If everyone wins why was the Canadian GP taken off the schedule?

Local laws outlawing cig advertising...

[Dilligaf0220]

Originally Posted by wannaklr

If everyone wins why was the Canadian GP taken off the schedule?

Bernie wanted to win more, eventually the state offered to put up money it wasn't putting up before.

[Jurgen]

USF1 dream finally ends

The final nail will be driven into the coffin of the USF1 Team later today when the contents of the team's Charlotte base go up for auction.

The team, headed by Peter Windsor and Ken Anderson, was due to join the F1 this season but failed to find the funding needed to take its place on the grid.

Although the team hoped to delay its entry until 2011, the fact that the team was unable to take its place as scheduled proved to be the beginning of the end, with the FIA starting a tender process to find a replacement for next season.

With USF1 having been closed down, the contents of the Charlotte factory will now go up for sale in an auction starting at 09.30 local time.

The auction includes various items of office furniture and equipment needed to try and put a race team together, although there is a distinct lack of items that relate directly to an actual F1 car

[Thraan]

Originally Posted by wannaklr

If everyone wins why was the Canadian GP taken off the schedule?

Disagreement over money and miscalculation regarding leverage. Bernie thought he was holding enough cards to annex a larger slice of the pie. His bluff was called. Once the new Concorde Agreement was signed the Canuck GP was back on the calendar at the old price. Bernie's cards were trumped by the teams' cards and the organiser didn't have to win to not lose.

[Mercury264]

Originally Posted by Ken

Local laws outlawing cig advertising...

None of the European venues allow cig advertising and haven't for a while now. It as taken off the calendar because that greedy prick Bernie wanted too much money.

[Jurgen]

Originally Posted by Mercury264

None of the European venues allow cig advertising and haven't for a while now. It as taken off the calendar because that greedy prick Bernie wanted too much money.

--Places like Malaysia, Bahrain, China were willing to pay big bucks to achieve "legitimacy."

Jurgen

[Thraan]

Originally Posted by Jurgen

--Places like Malaysia, Bahrain, China were willing to pay big bucks to achieve "legitimacy."

Jurgen

Montreal is one of the top venues where teams want to wine and dine their sponsors. It's more like Monaco, than Magne Cours.

The speculation is that the teams/manufactures/sponsors forced Canada back onto the calendar via the Concorde Agreement at a price that Canada would pay, as opposed to the "Bernie market value" of a GP which was inflated by those new venues seeking to raise their international profile.

[Jurgen]

Originally Posted by Thraan

Montreal is one of the top venues where teams want to wine and dine their sponsors. It's more like Monaco, than Magne Cours.

The speculation is that the teams/manufactures/sponsors forced Canada back onto the calendar via the Concorde Agreement at a price that Canada would pay, as opposed to the "Bernie market value" of a GP which was inflated by those new venues seeking to raise their international profile.

Yep, last year the teams forced F1 back to North America while forcing Mad Maxx out.

Jurgen

[Dilligaf0220]

Originally Posted by Thraan

Disagreement over money and miscalculation regarding leverage. Bernie thought he was holding enough cards to annex a larger slice of the pie. His bluff was called. Once the new Concorde Agreement was signed the Canuck GP was back on the calendar at the old price. Bernie's cards were trumped by the teams' cards and the organiser didn't have to win to not lose.

Charest kicked in some more money that the province hadn't before, or maybe that was just to settle the outstanding debt?

But yeah, Bernie tried to leverage several dozen million before a new agreement with the teams was signed, an agreement where the sponsors of the teams insist there's atleast one race in North America. And with Indy out of the picture the only possible FIA approved track to race in 2010 was Montreal.

Isn't F1 great, Austin don't know whatchy'all got yerselves into