- 18 May 09, 11:33#118991
Even the best option is not attractive, with the huge debt and interest payment FOM (CVC) is saddled with. The only way F1 teams can regain control F1 is to leave F1. Cause Bernie and CVC to fall on their arse and default on loans, leaving Bank of England holding rights to paper. New teams in a generic F1, IMO couldn't generate the revenue to repay CVC loans. Breakaway seems to be possible and who is to say Bernie would get all new teams to run in F1, some might want to run with the big boys.
The thing that really annoys me is that Mosely knows the teams will budget cap, just that they cannot do it the way he wants and he will not compromise. He is prepared to Piss F1 down the drain rather than give up his tyrannical, dictatorship. He has a personality flaw and is very clever with it and F1 is looking like getting screwed because of it!
Best option- F1 remains as it is but Max Mosely is removed and a normal person(also clever) replaces him and reforms the FIA.
Next best option-Breakaway. Someone with F1 know how(Jackie/Hill/Lauda/Schekter) fronts it instead of Bernie but its backed up by Lawyers, business guys etc. There are enough venues available around the world to run it.
Worst option.-F1 remains in the grasp of an egotistical power crazed misfit who should have been removed when he paid more attention to baring his arse to prostitutes than to properly governing F1. (thats not to mention witch hunting, back handers, golden handshakes) SKUM.
Even the best option is not attractive, with the huge debt and interest payment FOM (CVC) is saddled with. The only way F1 teams can regain control F1 is to leave F1. Cause Bernie and CVC to fall on their arse and default on loans, leaving Bank of England holding rights to paper. New teams in a generic F1, IMO couldn't generate the revenue to repay CVC loans. Breakaway seems to be possible and who is to say Bernie would get all new teams to run in F1, some might want to run with the big boys.