I’m sitting in the Admirals Club in Chicago, waiting for a flight to Austin and, while everyone is agonising about F1’s financial models (none of which will happen) unless some of the people round the sport change, I think we should spare a thought for the hundreds of people who are now without jobs because of these debacles, and their families. This mess means upheaval and crisis on a personal level as well, which the smug masters of the universe at CVC don’t get, or rather don’t care about. People in finance want to make huge wedges of cash but they get a little touchy when you point out what they do to real people. Spare a thought to for the suppliers who may get caught in the crossfire, their only crime being to do business with people who ended up not paying their bills.
As I have said in another post, the sport generates $1.8 billion a year. It is downright scandalous that this cannot support 11 teams, even without a cost cap.