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Liberty Media buy F1

Discussion in 'Formula One Discussion' started by Bill Boddy, Sep 4, 2016.

  1. Dartman

    Dartman Rookie

    They could be confused with San Morino which is in Italy but isn't. they are Americans and European geography does not seem to be a strong point in their educationLOL
     
    Last edited: Jan 24, 2017
    Andyoak likes this.
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  3. TR

    TR Rookie

    I'm pretty sure most Europeans only know San Marion as "that country that gets trounced at football a lot." and couldn't point it out on a map if their life depended on it.
     
  4. Andyoak

    Andyoak Race Winner

    Football?
     
  5. The Pits

    The Pits Harumph. Again. Valued Member

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    Or maybe thinking of Dan Marino, ex pro american footballer?
     
  6. The Artist.....

    The Artist..... Champion Elect

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    Or maybe I just need to proof-read my posts a little more!
     
  7. RasputinLives

    RasputinLives He's the master of going faster Contributor

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    That list does sound good, however it worries me slightly. That list sounds to me like they've done a quick check on what fans having been saying they want from F1 and put it forward as there views. Yay everyone loves them and aren't they great.

    My worry is two fold;

    a) "it's just a dam popularity contest with you people!" Is it all nice talk but with no plan and/or intention to put it into action? Just a way of winning it's fanbase over

    Or

    b) Are they really going to change rules and regs based on popular opinion rather than actually looking at things properly. As we've seen from past rule changes listening to what the fans demand Isn't always the best thing.
     
  8. The Artist.....

    The Artist..... Champion Elect

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    RasputinLives

    The thing that gives me most confidence is that they seem committed to developing the fan base in the USA (Bernie basically wanted the US to pay for F1 to come to their shores, and to build the fan base). They are also committed to keeping F1 in its heartland (Europe). These seem to be 2 very sensible moves.
     
  9. Greenlantern101

    Greenlantern101 Super Hero And All Round Good Guy Contributor

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    Maybe someone should remind Liberty this exists.

    Full Formula 1 fan survey results revealed
     
  10. TR

    TR Rookie

    The value of that seems very limited. (If only because the fact that somebody chooses to respond to such a survey introduces a certain bias.) But also because of the clear idiocy of some of the responses:

    It appears that this is exactly the type of response that the 2017 rules are a catered to. Increasing outright performance to the very likely detriment of the racing.
     
    Bill Boddy likes this.
  11. Greenlantern101

    Greenlantern101 Super Hero And All Round Good Guy Contributor

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  12. Titch

    Titch Mine is the best pink car on the track. Premium Contributor

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    That's stating the blooming obvious.
     
  13. Il_leone

    Il_leone Race Winner

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    How is Chase Carey going to reduce Ferrari's royalty payment ? One suggestion would be a sliding reduced payment rather than tell Ferrari you get nothing from now on

    It would be interesting to see what fuss Ferrari kick up and whether they would threaten to leave F1 if it were the case they don't get any loyalty payment
     
  14. vintly

    vintly Mostly bacon Premium Contributor

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    If Ferrari threatened to leave I think Liberty would call their bluff. Liberty Media and the potential of F1 is so much bigger than Ferrari. Yes it would damage F1 for Ferrari to leave, but not half as much as it would damage Ferrari. They'd be a laughing stock. Failed to deliver for a decade then sulked off because of money. I think Liberty Media are holding a lot of cards on this one.
     
  15. RasputinLives

    RasputinLives He's the master of going faster Contributor

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    In other news Liberty Media can walk on water and make a loaf of bread feed the whole of Silverstone.

    Ferrari will threaten to leave. Both organisations will pretend they are calling each others bluff and they'll come to some arrangement in the middle. Just like its always been done. Throughout F1 history.
     
    teabagyokel, Andyoak and Galahad like this.
  16. jez101

    jez101 Bookies drive nice cars because of people like me Contributor

    I don't expect Liberty will reduce race fees or change back to F2A any time soon. Part of what they bought was an obligation to keep repaying the $4.1bn debt that the sport has

    Liberty completes F1 acquisition

    These debts result were taken on over the past few years to pay dividends to F1 shareholders including CVC. In other words, F1 has already paid out the profit it will make over the next five to ten years.

    Liberty will get nothing unless they can make even more money than Bernie did. Reducing race fees or TV income would be a shortcut to a debt default.
     
  17. FB

    FB Not my cup of cake Valued Member

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    And just to reinforce that point Liberty 'won't renegotiate Silverstone contract' - F1i.com
     
  18. RasputinLives

    RasputinLives He's the master of going faster Contributor

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    Basically, as I've said before, Bernie has filled the rotting bodywork up with newspaper, spray painted it and sold on a lemon.

    I get the feeling he and his minions are having a right old laugh.
     
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  19. teabagyokel

    teabagyokel Part of the furniture Valued Member

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    The minions have not been permitted to laugh since 1986; one of them was caught finding Piquet signing for Williams funny.
     
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  20. Il_leone

    Il_leone Race Winner

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    I don't think Ferrari would leave F1 given Liberty Media one of their aims is get US fans interested in F1 which is a big market for Ferrari to sell cars and the brand is traded on NYSE
    They will go for an inbetween agreement either reduced payment or a sliding reducing payment each for about 10 years probably

    Exiting F1 is a PR disaster for them.. Red Bull, Mercedes and Honda would not mind if it means they get more exposure
     
    Last edited: Feb 4, 2017
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  21. Andyoak

    Andyoak Race Winner

    Ferrari threaten to leave every couple of years and never do... And they never will while it is still the most watched motor racing series in the world.
     
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