tagged Austin, Bahrain, Bernie Ecclestone, CVC, Carlos Slim, F1, FIA, Motorsport, Nurburgring, Rupert Murdoch
Entries in Carlos Slim (1)
Politics and Money
Wednesday, April 20, 2011 at 02:17PM
Both are in the motorsport headlines today. The hot rumor going around is that Rupert Murdoch, that other Australian, is going to buy F1 from CVC with the help of the Mexican Billionaire Slim. Now Bernie is denying this vehemently which probably means it is true. Slim is involved with Sauber and Perez and his son is an FIA Senator, so deeply into motorsport, particularly F1. Rupert's Fox owns SPEED, Sky etc and shows the F1 events, so owning it is going to make some sense. The general impression seems to be that even if this is not true there is something going on and people are leaking stories to help in whatever negotiation is going on. Meanwhile the Gribkowsky investigation continues.
Meanwhile the Texas Senate voted not to provide $25m to subsidize the Austin F1 race on the basis that money would pay for a lot of teachers. There are suggestions that the lower house will reinstate the money, but then it will have to be reconciled with the Senate so good luck Tavo. There are signs Governments are waking up that they are subsidizing multi-millionaires. The latest is Germany where elections have given the "greens" a greater say and control, and while they do not mind F1 cars running around in Germany, they do not see they should pay for the privilege. Bahrain is still in turmoil even though the US news at least has forgotten it, but the British papers have not, and with two weeks to the reschedule deadline they hope the FIA are taking notice.
No blog yesterday as I was traveling again to promote my new consulting service, Motorsport Services International. We have a group of world class individuals and companies that cover the complete range of racing activities from track design through construction and operation, insurance, merchandise, food and beverage, and car and motorcycle preparation and management. A one-stop-shop for anything you might need and did not know where to find it.
Meanwhile the Texas Senate voted not to provide $25m to subsidize the Austin F1 race on the basis that money would pay for a lot of teachers. There are suggestions that the lower house will reinstate the money, but then it will have to be reconciled with the Senate so good luck Tavo. There are signs Governments are waking up that they are subsidizing multi-millionaires. The latest is Germany where elections have given the "greens" a greater say and control, and while they do not mind F1 cars running around in Germany, they do not see they should pay for the privilege. Bahrain is still in turmoil even though the US news at least has forgotten it, but the British papers have not, and with two weeks to the reschedule deadline they hope the FIA are taking notice.
No blog yesterday as I was traveling again to promote my new consulting service, Motorsport Services International. We have a group of world class individuals and companies that cover the complete range of racing activities from track design through construction and operation, insurance, merchandise, food and beverage, and car and motorcycle preparation and management. A one-stop-shop for anything you might need and did not know where to find it.