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7 Nov 2009, 20:15 (Ref:2577793) | #51 | ||
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Mind you they may have to drop a few overpaid advisors from the Olympic quango to free up the cash but ultimately I doubt anyone would notice. |
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7 Nov 2009, 20:32 (Ref:2577803) | #52 | |||
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Let FOM and Silverstone do what they know has got to done, get it sorted! |
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7 Nov 2009, 20:54 (Ref:2577819) | #53 | ||
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But yes! The deadline has now long since passed, and hopefully someone found a ballpoint in the nick o' time. |
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8 Nov 2009, 07:18 (Ref:2578037) | #54 | ||
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This is where I am coming from... Outside of teams and fans who do you think is the biggest beneficiary of the BGP? The UK government (the treasury). The VAT collected alone at the BGP from goods and services sold, plus the fuel bought by fans visiting the race must run into millions alone. Let's say we can attribue £10M in tax revenue take to holding the BGP per year and say for example the government rebated Silverstone £2M (on top of general taxation received from them). As a taxpayer you are still up £8M on the deal as opposed to minus £10M. Forget about BE and FOM for a minute, we are where we are with them and it won't get any better when he's not there. Once private equity got involved it became even more focused on money and level of return. Presumably their exit strategy will be to sell up at some point which will mean the same cycle starts again with another 'investor'. We need to look at the bigger picture of preserving the event and I am suggesting that far from costing the tax payer money to support it, in fact it is bringing in money to the economy and revenue. |
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8 Nov 2009, 08:16 (Ref:2578054) | #55 | |||
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Usually the justification for government spending on GP races is tourism, which is a fairly difficult benefit to quantify - did tourism go up last year due to the GP? Or due to the nicer weather? |
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8 Nov 2009, 08:20 (Ref:2578057) | #56 | ||
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If you can't hold such an important sporting event and not make a profit why actually bother?.....it is supposed to be a business afterall.
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8 Nov 2009, 09:41 (Ref:2578109) | #57 | ||
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[QUOTE=strider;2576350]Absolutely right. He never has had any patience with Silverstone/The BRDC.
Though the man remains a member of the BRDC, that is the part of this continuing saga I fail to understand either on the club's part or his. BE's problem is of course the teams with the manufacturers leaving he is up against a growing demand to retain the GP his one get out is no one wants to run the British Grand Prix. Has the little so an so have the support of Todt? I some how feel that the relationship will not be as close as the previous one. Turbulent priest and the ultimate answer seems the only way it will ever be settled. |
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8 Nov 2009, 10:23 (Ref:2578145) | #58 | ||
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Lets put this into context. The UK economy is running at around £350bn per year so the loss of £60m is barely a blip. The public perception is that motorsports in general and F1 in particular is swimming in cash, plus most of this money would go straight into Bernie's back pocket. Politically this is never going to happen, and that's without getting into the eco argument about promoting the burning of more fossil fuels. |
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8 Nov 2009, 11:08 (Ref:2578186) | #59 | |||
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8 Nov 2009, 11:21 (Ref:2578188) | #60 | ||
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8 Nov 2009, 11:23 (Ref:2578192) | #61 | ||
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8 Nov 2009, 11:30 (Ref:2578199) | #62 | ||
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8 Nov 2009, 16:10 (Ref:2578313) | #63 | ||||||
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So all this is just chat then if the deadline's definitely passed finally. Okay.
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Or the future value of staging a GP like, say, an Instanbul. |
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8 Nov 2009, 17:35 (Ref:2578350) | #64 | ||
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Well, at least the multi-quote facility works.
Jim |
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8 Nov 2009, 17:50 (Ref:2578355) | #65 | |
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9 Nov 2009, 11:59 (Ref:2578854) | #66 | |||
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I think bernies reasoning is this.. Why should I pay for something when i can get someone else to do so. Bernie says he would like a british gp but if the finance ain't there he'll move it to a country prepared to put up the dirty cash! Sad but true. |
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9 Nov 2009, 14:15 (Ref:2578932) | #67 | ||
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Yeah, does Jim. LOL.
I didn't say I agreed with any of it (the FOA's it). I'm still waiting for an official announcement on Monntreal, that's how out of date I am. |
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9 Nov 2009, 15:25 (Ref:2578982) | #68 | |||
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Bernie sold the sport and was allowed to do so because his company had a deal to run it for 150 years, he now runs it for CVC and is paid to do so. With things as they are the British Goverment will not do anything as that nice Mr Mandleson already said. I vote we support Jeremy Clarkson's ideas for Mandy as detailed in the Sunday Times yesterday. |
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9 Nov 2009, 15:50 (Ref:2578994) | #69 | ||
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Do tell? I trust it involved a glass case suspended over Westminster Bridge, and lots of snakes and/or spiders?
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Tim Yorath Ecurie Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch Fan of "the sacred monster Christophe Bouchut"... |
9 Nov 2009, 18:10 (Ref:2579073) | #70 | ||
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Doesn't matter what is actually true, as far as most of the public are concerned, and that includes many of the people who actually follow F1, it's Bernie who is making the money. |
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10 Nov 2009, 09:46 (Ref:2579391) | #71 | |||
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10 Nov 2009, 09:47 (Ref:2579392) | #72 | |
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The latest rumour is that Bernie is trying to get the teams to agree to a 20th GP (France) for next season. This will enable him to earn the required amount of money to keep CVC happy and enable Silverstone and France (not sure which circuit, but likely to be Magny-Cours) to go ahead on reduced payments.
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10 Nov 2009, 12:34 (Ref:2579471) | #73 | ||
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Just as a matter of (no) interest. I see that Moto GP has moved its date with Silverstone to the 20th June. This means a gap of 3 weeks until the mooted date for the British GP.
Putting 2 and 2 together and making 350, could this be utilising best resources for the 2 largest events on the calender, minimising hire charges for grandstands additional facilities etc? As I said, purely speculating. Last edited by mickey29; 10 Nov 2009 at 12:35. Reason: clarifying a comment |
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10 Nov 2009, 13:35 (Ref:2579497) | #74 | |||
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10 Nov 2009, 14:52 (Ref:2579562) | #75 | |
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Well that would eliminate the holding of the British F1 and MotoGP events close together. Could start a trend of actual cost savings at other tracks they share, and truly reducing costs with a plan isn't what they seem to want.
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