"Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney" (braddelaparker)
11/05/2014 at 15:43 • Filed to: None
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"Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney" (braddelaparker)
11/05/2014 at 15:43 • Filed to: None | 3
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This won't be popular around here, but my initial reaction is that the teams don't have it that bad. They walk away with 62% of F1's operating profit; CVC simply isn't milking the sport the many would lead you to believe.
You can bitch all you want about CVC et al. walking away with $680mm when teams are struggling to make it in the sport, but there's a lot of time, effort, and capital that has been put into the marketing and operation of F1's commercial rights, and CVC is due a return on that investment and expense whether you're happy about it or not.
If you want to be upset with someone, be upset with FISA, the FIA, and FOCA for feeling the need to concede commercial rights to Bernie, and FOCA again for allowing itself to become dominated by Bernie. Be upset with Ferrari receiving a $90mm/year reacharound. Be upset with Marussia receiving $10mm to Caterham's $56mm.
Raphmoe
> Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
11/05/2014 at 15:47 |
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ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
> Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
11/05/2014 at 15:49 |
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Does not change anything about Bernie being a troll.
MonkeePuzzle
> Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
11/05/2014 at 15:49 |
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but is it non-profit? #NFL
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Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
> ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
11/05/2014 at 15:51 |
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Not in the least, and this whole mess gets back to him with the way he hijacked FOCA and then used FOCA to hijack the commercial rights from FISA/FIA. The mistakes were made long ago by the teams and the governing bodies which were complicit in giving Bernie near-autonomous power.
BmanUltima's car still hasn't been fixed yet, he'll get on it tomorrow, honest.
> MonkeePuzzle
11/05/2014 at 15:55 |
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No. The NFL is not non-profit.
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ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)
> Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
11/05/2014 at 15:57 |
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Most of that advertising money needs to be funneled back to the teams to give them additional money.
I get that keeping the series running is a major investment, but why exactly does the guy in charge get to keep like an 8th of the overall revenue? That's BS, especially when you have teams failing to attend races due to lack of funds.
RockThrillz89
> BmanUltima's car still hasn't been fixed yet, he'll get on it tomorrow, honest.
11/05/2014 at 16:07 |
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The NFL is a 501(c)(6) association. It is non-profit. The teams are for profit however (maybe with some exceptions).
Menebrio
> Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
11/05/2014 at 20:27 |
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Marussia is more likely to survive this year, because by the current standings they will enter column 1, displacing Caterham, leaving the green team even in worse shape.
Nice Diagram by the way
http://oppositelock.jalopnik.com/the-money-danc…
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Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
> Menebrio
11/05/2014 at 21:07 |
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Much, much better situation. Which makes the current structure all the more egregious: Caterham was rewarded for last year's performance and shit the bed, while Marussia managed to outpace them most of the season with $45mm less.
Not my diagram, but it did go ahead and port this into an Excel model where I can play with the figures. Made some changes to the structure of distributions and compared the change. I'll throw it up sometime tomorrow.