Miami Dolphins owner & State of Qatar buy Formula One
06-24-2015, 03:58 PM
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Miami Dolphins owner & State of Qatar buy Formula One
06-24-2015, 05:10 PM
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Okay, so imagine you just spent $xxx,xxx,xxx,xxx,xxx,xxx,xxx for controlling interest in Formula One. What's the next step?
Are you going to milk it for every dollar of investment profit possible? Or are you going to pour profits back into the business...lower ticket prices, give teams a bigger cut, reduce track promoter fees... the sort of things that strengthen a business in the long run but lower the bottom line in the short run.
Yeah, that's what I thought. Investors don't "invest" to lose money.
(Hey, they could hire Andretti to run F1.)
Are you going to milk it for every dollar of investment profit possible? Or are you going to pour profits back into the business...lower ticket prices, give teams a bigger cut, reduce track promoter fees... the sort of things that strengthen a business in the long run but lower the bottom line in the short run.
Yeah, that's what I thought. Investors don't "invest" to lose money.
(Hey, they could hire Andretti to run F1.)
06-24-2015, 05:20 PM
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Or it's purely a vanity/ego purchase.
06-24-2015, 06:11 PM
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WRONGLY ACCUSED!
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06-24-2015, 06:50 PM
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Qatar just had some extra hundreds of billions left over after buying FIFA, the next World Cup and all of their Olympic Athletes so they decided to buy F1. Now there is guaranteed to be a race in Qatar with 120* temps.
Hey, at least they have enough oil money to build an indoor F1 track with AC. Maybe we will see that.
Hey, at least they have enough oil money to build an indoor F1 track with AC. Maybe we will see that.
06-24-2015, 06:51 PM
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Damn, they outbid me!! 
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06-24-2015, 07:11 PM
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Miami Dolphins owner & State of Qatar buy Formula One
This was so that they could bring DRS TO NASCAR
And then run in Monaco!!!
And then run in Monaco!!!
06-24-2015, 07:18 PM
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Watch the current edition of "Real Sports" now running on HBO for the real story about Qatar and its effort to buy international sports prominence.
BTW, it's not "oil." It's natural gas that gives them riches.
http://www.hbo.com/real-sports-with-bryant-gumbel
BTW, it's not "oil." It's natural gas that gives them riches.
http://www.hbo.com/real-sports-with-bryant-gumbel
06-24-2015, 07:41 PM
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BTW, everyone knows Bernie is the one going to the bank of this even if he isn't directly involved with the deal, right? The guy seems to make $$$$ on every move in the business.
The only hope is that these new owners tell the FIA to shove it and give the people what they want.
06-24-2015, 07:45 PM
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06-24-2015, 07:59 PM
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06-24-2015, 08:51 PM
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Watch the current edition of "Real Sports" now running on HBO for the real story about Qatar and its effort to buy international sports prominence.
BTW, it's not "oil." It's natural gas that gives them riches.
http://www.hbo.com/real-sports-with-bryant-gumbel
BTW, it's not "oil." It's natural gas that gives them riches.
http://www.hbo.com/real-sports-with-bryant-gumbel
Oh, my bad, I guess you are right.
I guess Bernie wouldn't sell them a race so they bought all of F1......... Hey at least if Bernie had sold them a race, they could have bought a couple hundred thousand slaves (er fans) to make it look like real race fans were willing to perish in that heat.
lol
