Got 200 Mil...See Bernie

[SurfaceUnits]

The price tag for such a new event is eye popping. Ecclestone explained it will take a governmental entity to pay by the following analogy.
Do you think [the] American government is going to put the money up? An entrepreneur is not going to take the risk to spend $200 million if ... he's not going to get his money back."


http://sportsillustrated.cnn.com/2007/writers/lewis_franck/01/26/ecclestone/

Bernie said: "Why should we race in America for half the fee we get in other parts of the world?"

[pchall]

$200 million? Bernie's greed knows no bounds and on Tony George will be willing to pay him enough to keep a GP in the U.S.

[SurfaceUnits]

$200 million? Bernie's greed knows no bounds and on Tony George will be willing to pay him enough to keep a GP in the U.S.He uses the profits from the Indy Racing League to subsidize the F1 race [/pafftard]

[oddlycalm]

News flash Bernie, at $200 million there aren't many governments raising their hands either, especially since the required Tilke track will add that much again before the first event is ever run. :thumdown:

oc

[eiregosod]

News flash Bernie, at $200 million there aren't many governments raising their hands either, especially since the required Tilke track will add that much again before the first event is ever run. :thumdown:

oc

certain governments will pay the $200m (and never expect to make a buck) because the F1 race draws attention to that country for one weekend in the year.

Malaysia, Bahrian, China & Turkey are obvious examples. Those governemnts want to show the world that they're big international players.

Add in abu dhabi, Russia, India as likely future GP desinations.

It doesn't cost $200m to put on an F1 race, Bernie should have told SI what percentage cut he gets from the races.:gomer:

[SurfaceUnits]

If you are starting from zero, no track or venue in place, that is how much countries are spending these days and more.