- 28 Nov 13, 17:26#382771
Spot on operaman, the operative (see what I did) word there is stakeholders, they are all part owners of the franchise clooective that is run not for profit but for the benefit of the franchisees.
In F1 we have the collective sport run for the benefit of Bernie and whoever he can sell the shop to before buying it back cheap and flogging it to some new mugs. Problem is the mugs have wised up and want their pound of flesh before selling out. And theres the little matter of not appreciating getting their faces ripped off in the transactions.
So each team must becaome a part owner with all profits reinvested in the business. But Bernie has sold the business and his bright idea is floating most of the business and giving a stake to - guess who?
The big teams like Ferrari and RBR
You couldnt make a film about this affair that wouldnt be a scarcely credible comedy
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If the NHL (under Gary Bettman no less) can broker an agreement among the stakeholders that includes a salary cap, a salary floor, and revenue sharing, while at the same time increasing player salaries and franchise values, then I am sure it can be done in F1. The problem is the "haves" don't want anything to do with a plan that may allow the "have-nots to compete on an equal basis, and they will draw on all manner of emotional, historical or purely fictional context to maintain the status quo.
Spot on operaman, the operative (see what I did) word there is stakeholders, they are all part owners of the franchise clooective that is run not for profit but for the benefit of the franchisees.
In F1 we have the collective sport run for the benefit of Bernie and whoever he can sell the shop to before buying it back cheap and flogging it to some new mugs. Problem is the mugs have wised up and want their pound of flesh before selling out. And theres the little matter of not appreciating getting their faces ripped off in the transactions.
So each team must becaome a part owner with all profits reinvested in the business. But Bernie has sold the business and his bright idea is floating most of the business and giving a stake to - guess who?
The big teams like Ferrari and RBR

You couldnt make a film about this affair that wouldnt be a scarcely credible comedy

2014 Monster 26x Bookie Mugger
2015, 2016 WDC: LH44