Originally Posted by
BBC
Formula 1 is about to be under new ownership by US group Liberty Media - and it could lead to profound changes in the sport.
The new chairman Chase Carey (great 'tache) has spent some time getting to know his new venture and the problems the sport currently faces...
His findings were:
• The revenue system is skewed in favour of the already rich and powerful, to the extent that the smallest teams are struggling to survive and money is tight for about half the grid
• There is a lack of competition on track
• Television audience figures are dropping in many markets - although this is largely because of a switch to pay television, to make more money from TV rights deals
• The longest-standing races are struggling to fund themselves and risk dropping off the calendar
• The decision-making process is not working properly
• Some significant business and sporting decisions have been made for solely financial reasons, disregarding other important factors, such as their effects on the sporting side
• An acceptance that F1 has lost some of its appeal, particularly a sense of edge and drama and as an extreme driver challenge.