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Reader Rights: Follow the money!
Follow the money! One of my business rules. Seems simple, but with it you identify customers, suppliers, and added value of any company. Very powerful. In F1 it’s all about the money. Mr Bernie Ecclestone became a billionaire through F1, and according to Ken Tyrrell, by selling something he never owned in the first place! Every year the top teams spend hundreds of millions, of any currency you like, just to participate in F1, never mind win. F1 is a global apex sport. Liberty has just taken over from CVC. According to Forbes, Liberty has paid $ 4.4bn for F1, with about 75% of that being shares in Liberty themselves and $351-million in loans. Although CVC have made $4.4-billion through...
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9y ago from GrandPrix247.com
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