horse wrote:Australian GP posts big loss in 2010
The beginning of the end for the Australian GP, maybe? It strikes me as poor management, really, that they can't reduce the losses even with record gate receipts.
It's easy to understand why this happens. In Bernie's wold, his fees increase exponentially. Thus, the organisers of the Aussie GP either increase the ticket prices exponentially (which would lead to less people and then less revenue and, subsequently, eventual losses) or they increase attendance exponentially (which would end up, after a few years, with millions of australians dying of starvation due to overpopulation) or get into a mix and match that just manages to scrap by. Well, there is another alternative: get rid of Bernie's abusive fees.
Remember, kids, the only businesses that can grow exponentially are banks. Of course, they do it by actually having only a few % points of the amount of money they say they have, and after a long enough period they will crash again.
PS: Someone was recently asked who made the most money out of F1. The anser was... Bernie's ex.
I am not amazed by F1 cars in Monaco. I want to see them driving in the A8 highway: Variable radius corners, negative banking, and extreme narrowings that Tilke has never dreamed off. Oh, yes, and "beautiful" weather tops it all.
"Prediction is very difficult, especially about the future." Niels Bohr